First Data (FDC)

Benzinga  Mar 19  Comment 
First Data Corp (NYSE: FDC)'s stock is up just 3 percent over the past year, but multiple improving financial metrics supports the bullish case for owning the stock. The Analyst Baird Equity Research's David Koning maintains an Outperform...
The Economic Times  Mar 17  Comment 
Over 70 fixed dose combination (FDC) medicine brands marketed by 16 pharma companies have been seized in an ongoing raid of two drug manufacturing facilities.
The Hindu Business Line  Mar 9  Comment 
  The buyback offers of Balrampur Chini Mills and FDC will open for subscription on Monday and close on March 23. FDC plans to buy back 34.30 lakh shares (or 1.9
Motley Fool  Mar 8  Comment 
Sluggish growth provoked a bit of investor apathy during the second month of the year.
Motley Fool  Feb 23  Comment 
In an industry that has taken off, First Data has somehow managed to struggle. Amid optimistic signs, is a turnaround imminent?
The Hindu Business Line  Feb 22  Comment 
Shares of FDC will turn ex-date on Monday for the proposed buyback. The board had earlier approved the buyback of 34.3 lakh shares of the company at ₹350 a share for an aggregate amount not exceedi
Clusterstock  Feb 14  Comment 
This story was delivered to BI Intelligence "Payments Briefing" subscribers hours before appearing on Business Insider. To be the first to know, please click here. Major US processor First Data gave an update on how Clover, its mobile...
Clusterstock  Feb 13  Comment 
This story was delivered to BI Intelligence "Payments Briefing" subscribers hours before appearing on Business Insider. To be the first to know, please click here. Major US payment processor First Data reported its   Q4 2017   earnings, where...
Motley Fool  Feb 12  Comment 
FDC earnings call for the period ending December 31, 2017.




 
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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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