First Data (FDC)

Cloud Computing  Apr 4  Comment 
First Data, the global leader in payment technology and services solutions, today announced the appointment of Michael Manos as chief technology officer. In this position, Manos will be responsible for First Data's global...
Banking Business Review  Apr 4  Comment 
First Data and MasterCard have announced an agreement in which First Data's STAR® Network will participate in MasterCard's common US Debit EMV solution.
Jutia Group  Apr 3  Comment 
[Business Wire] - First Data and MasterCard today announced an agreement in which First Data’s STAR® Network will participate in MasterCard’s common U.S. Debit EMV solution. Read more on this. MasterCard Incorporated (MA), valued at $88.67B,...
The Economic Times  Apr 2  Comment 
FDC Ltd is a ‘BUY’ call with a target of Rs 155 and a stop loss of Rs 134.
DailyFinance  Mar 26  Comment 
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 03/26/14 -- Forum Uranium Corp. (TSX VENTURE: FDC) (the "Company") - Further to its news release of March 6, 2014, the Company is pleased to announce the closing of its brokered private placement...
StreetInsider.com  Feb 27  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Corporate+News/Forest+Labs+%28FRX%29+Submits+NDA+to+FDA+to+FDC+of+Nebivolol+and+Valsartan/9223676.html for the full story.
Jutia Group  Feb 26  Comment 
[at noodls] - )--Visa Inc. (NYSE: V) and First Data's STAR® Network announced an agreement to share Visa's common debit solution offering issuers, acquirers and merchants a streamlined and cost-effective approach for ... Read more on this. Visa...
DailyFinance  Feb 26  Comment 
Visa Inc. (NYSE: V) and First Data’s STAR®Network announced an agreement to share Visa’s common debit solution offering issuers, acquirers and merchants a streamlined and cost-effective approach for debit EMV chip adoption. EMV...
StreetInsider.com  Feb 26  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Corporate+News/Visa+%28V%29%2C+First+Data+Enter+Partnership/9217503.html for the full story.




 
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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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