First Data (FDC)

Clusterstock  Aug 8  Comment 
This story was delivered to BI Intelligence "Payments Briefing" subscribers. To learn more and subscribe, please click here. First Data, one of the largest US processors,   posted   a record-breaking Q2 2017, according to the...
The Hindu Business Line  Aug 4  Comment 
A host of companies that are actively followed by market players will announce their first quarter results on Saturday. Among these are Andhra Cements, Accel Frontline, Dalmia Bharat, FDC, JP Asso...
Banking Business Review  Jul 27  Comment 
Paris-based payments and and transactional services provider Worldline has agreed to acquire Baltics-based First Data for €73m.
Motley Fool  Jul 22  Comment 
First Data's payment processing solutions have lagged competitors' offerings in recent years. Will its acquisition of CardConnect right the ship?
Financial Times  Jul 17  Comment 
Executive has been involved in many important initiatives away from private equity
Financial Times  Jul 12  Comment 
Move reflects concessions foreign companies must make to tap mainland market
GenEng News  Jun 23  Comment 
bluebird bio today disclosed its first data, including some promising results, from a pair of clinical studies assessing its LentiGlobin™ gene therapy candidate—including a Phase III study that followed a change in its manufacturing process. ...




 
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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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