First Data (FDC)

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,...
TechCrunch  Oct 28  Comment 
 BuzzFeed is announcing its first acquisition since it raised a $50 million round from Andreessen Horowitz over the summer — it’s buying Torando Labs, and the Torando team will form the online publisher’s first data engineering unit. While...
Benzinga  Oct 23  Comment 
Neuralstem, Inc. (NYSE MKT: CUR) announced that the first data in a study transplanting its neural stem cells in an animal model of Alzheimer's disease was presented at the Congress of Neurological Surgeons Annual Meeting, yesterday, in Boston,...
Banking Business Review  Oct 20  Comment 
When Apple Pay launches today, financial institutions participating in Apple Pay can use First Data, the global leader in payment technology and services solutions, to create secure tokens and provision credit cards on the Apple Pay service.
The Economic Times  Sep 18  Comment 
This will empower merchants to customise individual needs like home delivery, insurance, retailing & e-tailing, radio taxis and ticketing, it added.
Financial Times  Sep 18  Comment 
Payments processor, acquired in a $30bn buyout in 2007, appears to be on the mend with a new management team and falling debt load




 
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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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