First Data (FDC)

Banking Business Review  May 18  Comment 
First Data has introduced a new global e-commerce solution, dubbed First Data Global PFAC, for payment facilitators.
Banking Business Review  May 10  Comment 
Alipay, which is used by over 450 million people globally to pay for goods and services, will be offered by First Data in North America.
TechCrunch  May 9  Comment 
 China’s dominant mobile payment service is making its move in the U.S.. Ant Financial, the Alibaba spin-off that operates Alipay, has inked a deal with payment processor firm First Data that will allow its service to be used at point-of-sale...
FierceBiotech  May 5  Comment 
Zafgen starts comeback with first data on replacement weight loss drug phil Fri, 05/05/2017 - 08:05
FierceBiotech  Apr 21  Comment 
Gilead says first data on Nimbus NASH candidate are positive phil Fri, 04/21/2017 - 08:45
Forbes  Apr 11  Comment 
Silicon Valley Bank and First Data look for fintech companies with Series A funding for their virtual accelerator program.




 
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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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