First Data (FDC)

Cloud Computing  Aug 15  Comment 
First Data, the global leader in payment processing solutions and e-commerce, has dramatically expanded its presence in Brazil with the launch of Bin, the company’s acquiring solution developed specifically for the local...
DailyFinance  Aug 14  Comment 
Global colocation solutions provider CyrusOne (NASDAQ: CONE) announces it has added OMEGABYTE Networks as a new private cloud solutions channel partner. OMEGABYTE Networks offers dedicated OpenStack Private Cloud solutions to...
Cloud Computing  Aug 4  Comment 
IP Commerce, Inc. and First Data Corporation, the global leader in payment technology and services solutions, today announced the launch of Commerce Sync® on Clover™ Station, First Data’s innovative, cloud-based business...
New York Times  Jul 30  Comment 
The acquisition of Gyft is the latest effort by First Data, which is owned by the private equity firm Kohlberg Kravis Roberts, to return to profitability by incorporating cutting-edge technologies into its offerings for business customers.
Cloud Computing  Jul 30  Comment 
First Data Corporation today reported record financial results for the second quarter ended June 30, 2014. Consolidated revenue for the second quarter was $2.8 billion, a new record, up $128 million, or 5%, compared to...
The Hindu Business Line  Jul 17  Comment 
Online payment transaction facilitator First Data today announced the launch of its mobile payment solution that is set to make payment acceptance faster, intelligent and secured for merchants. It...
Cloud Computing  Jul 15  Comment 
One of the largest private placements in U.S. business history officially closed on Friday, July 11, netting First Data Holdings Inc., the parent company of First Data Corporation, the proceeds from the sale of $3.5 billion of...
The Economic Times  Jul 2  Comment 
"FDC is a 'BUY' call with a target of Rs 157 and a stop loss of Rs 138."
Wall Street Journal  Jun 20  Comment 
KKR pumped more than $1 billion into a payment processing company it took private before the financial crisis in a debt-fueled megadeal that has proved a disappointment to the buyout firm and its investors.




 
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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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