First Data (FDC)

Benzinga  Jul 19  Comment 
  Analysts at Barclays initiated coverage of MPLX LP (NYSE: MPLX) with an Overweight rating. The price target for MPLX is set to $42. MPLX shares fell 0.96 percent to close at $33.00 on Monday. Analysts at Summit Redstone assumed ...
The Hindu Business Line  Jul 2  Comment 
Drug firm FDC Ltd has received two observations from the US health regulator related to current good manufacturing practice (cGMP) norms for its manufacturing facility situated at Waluj in Maharashtr...
Clusterstock  Jul 1  Comment 
This story was delivered to BI Intelligence "Payments Briefing" subscribers. To learn more and subscribe, please click here. First Data, the largest US payment processor, expanded its relationship with Silicon Valley Bank (SVB). First Data had...
Banking Business Review  Jun 30  Comment 
First Data, which powers 28% of global eCommerce, will work with SVB to facilitate payment acceptance for the bank’s clients throughout their lifecycle.
The Economic Times  Jun 12  Comment 
Under the non-NLEM category, growth in May for domestic players and MNCs almost doubled to 9 per cent and 7.1 pc as against April's 4.6 pc and 3.3 pc.
The Economic Times  Jun 2  Comment 
The court had on March 14 stayed the Centre's ban on 344 FDC drugs and this interim order was passed in each and every case filed before it thereafter.
The Hindu Business Line  May 31  Comment 
DigitalOcean, the world's second largest web hosting company, commissioned its first data centre in Bengaluru on June 1, with a seed investment of $5 million. Targeted at the thriving start-up and...
The Economic Times  May 27  Comment 
In an interview with ET NOW, Sanjay Jain, CFO, FDC talks about the reasons behind company's revenue surge, growth plans and the challenges they are facing. Excerpts:
The Hindu Business Line  May 25  Comment 
Thursday will see over 100 companies including Balmer Lawrie, CARE, Deepak Fertilizers, Educomp Solutions, EIH, FDC, Future Lifestyle, GMDC, Hathway, Hotel Leela Venture, Geojit, India Cements, Kaya...




 
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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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