First Data (FDC)

Reuters  Feb 26  Comment 
First Data Corp on Thursday named banker Gustavo Marin to head its Latin America unit, as the U.S. payment processor controlled by KKR & Co steps up plans to grow in the...
The Economic Times  Feb 15  Comment 
After a storied career at Citibank and JP Morgan, the chance to turn around one of the largest LBOs was a fight Bisignano just couldn’t walk away from.
Wall Street Journal  Feb 11  Comment 
First Data Corp. posted its first quarterly profit in more than seven years, a development that could set the stage for a potential initial public offering of the company later this year.
Forbes  Feb 10  Comment 
MineralTree has an ally in moving growing businesses away from paper checks -- First Data, a leader in electronic transactions.
Wall Street Journal  Feb 10  Comment 
First Data Corp. posted its first quarterly profit in more than seven years, a development that could set the stage for a potential initial public offering of the company later this year.
The Hindu Business Line  Jan 31  Comment 
Team Orion Racing India of K.J Somaiya College of Engineering, Mumbai, emerged champions at the first JK Tyre Formula Design Challenge 2015. The competition, which started off on January...
TechCrunch  Dec 8  Comment 
 Mesosphere, the commercial entity built on top of the open source Apache Mesos project, announced some major milestones today, starting with $36M in Series B funding along with the early release of what they are calling the first data center...
Channel News Asia  Nov 4  Comment 
1-Net North at Marsiling Lane will be the first data centre focused on providing solutions for the media industry.
TechCrunch  Nov 4  Comment 
 Payment processor First Data today introduced a new, more portable point-of-sale system called Clover Mobile at the Money 20/20 conference being held now in Las Vegas. The handheld solution is an extension of the Clover brand. As you may recall,...




 
TOP CONTRIBUTORS


You may also be interested in articles related to First Data (FDC):

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.

The article is not complete yet.




References

Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki