First Data (FDC)

New York Times  Aug 25  Comment 
Notably absent on the list of underwriters for what would be one of the biggest market debuts of the year is JPMorgan Chase, which recently settled a hiring dispute with First Data.
The Hindu Business Line  Aug 4  Comment 
On Tuesday, the stock of FDC zoomed 8.7 per cent with above average volume, decisively breaking a key resistance between ₹170 and ₹175. Investors with a short-term horizon can buy the stock at cur...
The Hindu Business Line  Aug 4  Comment  Jul 21  Comment 
WASHINGTON (dpa-AFX) - Payments processor First Data Corp. is making a comeback to the stock markets, eight years after it was taken private in one of the last big leveraged buyouts prior to the financial crisis in 2008. First Data, taken private...
New York Times  Jul 21  Comment 
The company, bought by K.K.R. for $29 billion in 2007, did not say in its filing how much money it planned to raise.
Forbes  Jul 20  Comment 
Now that First Data is poised to hit markets, KKR may has the chance to prove its re-imagination will work out for investors. On a pro-forma basis to account for its June 2014 recapitalization, First Data generated $11.2 billion in revenue and net...
Wall Street Journal  Jul 20  Comment 
KKR-owned First Data filed preliminary papers for an initial public offering, the first step toward a sale to the public after the private-equity firm took it off the market via leveraged buyout in 2007.  Jul 20  Comment 
Banking Business Review  Jun 17  Comment 
First Data, the global leader in payment technology and services solutions, has announced the launch of Clover Mini, the newest member of the Clover family of products.
Benzinga  Jun 15  Comment 
In a report published Monday, Leerink analyst Michael Schmidt reiterated an Outperform rating on Karyopharm Therapeutics, Inc. (NASDAQ: KPTI). The analyst believes that the Phase I DLBCL data was encouraging. "KPTI investigators presented an...


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First Data

Plastic money and checks have been replacing the real money for many reasons but mostly for convenience. With this great change that has crept into our lives and economy, many credit card processors have established themselves, in the past decades as processor of these financial instrments. These processors, including First Data has been innovative and in keeping with need of of the merchants and credit card holders have been adding to their services other pertinent and relevant services. Aside from Payment Card Processing, services like Check Processing, Money Transfer Services, Point of Sale Services and in some cases Gaming Products and Services have been included and are popular.These processors provide connectivity between the point of sale (POS) at merchant locations and the issuing banks. They receive sales requests, also known as authorizations, when consumers either have their credit cards swiped on a terminal in a retail store or enter their credit card information on an Internet merchant’s web site using a secure payment page. The purchase amount (or transaction) is then routed to the bank that issued the card to confirm the status of the consumer’s credit card account. If approved, the sale is captured and the approval message is sent back to the merchant. Processors earn the fees to do this work. Although the fee is small the progressive use of credit card is making the collective amount of fees to be large.

Next two credit cad processors viz Global Payment and Total Systems Services whaich are quoted in NASDAQ are about 5% in size of First Data in processing. In other segments of services though like money transfer, other organizations like Western Union and Moneygrams may be having larger market share.

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