First Data (FDC)

Benzinga  Feb 10  Comment 
The Street smashed First Data Corp (NYSE: FDC) on Wednesday after the payment processor released disappointing fourth-quarter results. The company posted fourth-quarter revenues of $2.96 billion, short of analyst's $2.98 billion figure. However,...
SeekingAlpha  Feb 10  Comment 
Financial Times  Jan 25  Comment 
Managers must learn to explain figures crisply, writes the FT’s first data visualisation editor
SeekingAlpha  Jan 13  Comment 
Benzinga  Dec 18  Comment 
Shares of First Data Corp (NYSE: FDC) are down 1 percent since they started trading in mid-October. Macquarie’s Kevin McVeigh initiated coverage of the company with an Outperform rating and a price target of $20. Refinancing of debt...
Wall Street Journal  Dec 4  Comment 
First Data said it experienced an outage on Friday morning that affected the authorization of transactions made on certain credit cards and debit cards.
Benzinga  Nov 16  Comment 
First Data (NYSE: FDC), a global leader in commerce-enabling technology and solutions, and NCR Corporation (NYSE: NCR), the global leader in consumer transaction technologies, have entered into a strategic commercial agreement. First Data will be...




 
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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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