First Data (FDC)

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...
Motley Fool  May 23  Comment 
Barron's profiled First Data Corp in its most recent issue. The "busted IPO" represents a very interesting opportunity.
Clusterstock  May 22  Comment 
(Reuters) - First Data Corp shares could rise as much as 70 percent if the company's performance continues to improve, according to a report on Sunday from the financial publication Barron's. The payments processor, which has seen shares fall 20...
Benzinga  May 22  Comment 
Featured stories this weekend in Barron's ponder the prospects for a leading aircraft maker, a multinational software company and a payment processor. This issue also offers thoughts on the luxury of patience that very wealthy investors...
Forbes  May 20  Comment 
As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy -- they expect to make money. So let's look at two noteworthy recent insider buys.
Forbes  May 19  Comment 
See videos about solar winds on Mars, endangered species in Africa, and social groupings throughout the day among college students that won awards in Science magazine's first Data Stories video contest.
Forbes  May 2  Comment 
Guy Chiarello has been a towering figure at the intersection between financial services and technology for multiple decades. He foresaw the power of digital business as Chief Information Officer of JPMorgan Chase before digital was the term of art...
Clusterstock  Apr 28  Comment 
This story was delivered to BI Intelligence "Payments Industry Insider" subscribers. To learn more and subscribe, please click here. First Data, the largest US-based processor, announced solid growth in Q1 2016 — its second quarter as a...




 
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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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