First Data Corporation

221 results about this entity

Period: 07 Jan 2005 - 19 May 2020

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First Data to spin off Western Union business; keeps US card issuing unit

First Data to spin off Western Union business; keeps US card issuing unit

US e-payments processor First Data is spinning of its Western Union money transfer business, but the vendor has decided to retain its underperforming US card issuing unit.

First Data acquires German payment processor GZS

First Data acquires German payment processor GZS

US-based First Data is acquiring German card payments processor Gesellschaft für Zahlungssysteme (GZS). Financial terms of the deal were not disclosed.

First Data cuts three per cent of workforce

First Data cuts three per cent of workforce

US e-payments processor First Data says it is cutting three per cent of its workforce and will implement further cost reduction measures before the end of the year.

Debitman signs Wal-Mart; First Data study backs PINs at POS

Debitman signs Wal-Mart; First Data study backs PINs at POS

California's Debitman Card has signed Wal-Mart and Sam's Club to its retailer-issued debit card programme, which is promoted as a cheaper alternative to bank-backed debit cards.

First Data reviews US card issuing business; cuts 2005 outlook

First Data reviews US card issuing business; cuts 2005 outlook

First Data is looking to shed its under-performing US credit card issuing business, which it says is a drain on the entire company's financial results. The news comes as the vendor cuts it earnings forecast for 2005 again.

First Data acquires majority stake in Korea Mobile Payment Services

First Data acquires majority stake in Korea Mobile Payment Services

US payments processor First Data has signed an agreement to acquire an 80% stake in Korea Mobile Payment Services (KPMS). Financial terms of the deal were not disclosed.

First Data names JPMorgan's David Dibble CTO

First Data names JPMorgan's David Dibble CTO

First Data Corporation has appointed former JPMorgan Chase technology executive David Dibble as its chief technology officer (CTO).

HBOS targets Australian market with First Data merchant acquiring JV

HBOS targets Australian market with First Data merchant acquiring JV

UK banking group HBOS is teaming with US payments processor First Data to provide merchant acquiring services in Australia.

First Data buys Citi merchant services unit; writes off Encorus investment

First Data buys Citi merchant services unit; writes off Encorus investment

First Data has signed an agreement to acquire the Citi Merchant Services unit, which provides credit and debit card payment processing services to around 15,000 merchant locations. Financial terms of the deal were not disclosed.

First Data to acquire Austrian Payment Systems Services

First Data to acquire Austrian Payment Systems Services

US-based First Data has signed an agreement to acquire Austrian Payment Systems Services (APSS), a bank-backed provider of card-based payment processing services.

US consumers prefer PINs to signatures

US consumers prefer PINs to signatures

US consumers prefer PIN-based verification when purchasing goods at the point-of-sale, according to a survey conducted by First Data subsidiary Star.

Postal Savings Bank in Greece signs for First Data card services

Postal Savings Bank in Greece signs for First Data card services

Greece's Postal Savings Bank has contracted with US-based First Data for the supply of card processing services to support its 2.5 million customers.

First Data and BNL form merchant acquiring joint venture

First Data and BNL form merchant acquiring joint venture

First Data is partnering with Banca Nazionale del Lavoro (BNL) to create a joint venture to provide merchant acquiring services for Italian merchants, including the technical and commercial management of point-of-sale payments transactions.

First Data targets CEE markets with EuroProcessing acquisition

First Data targets CEE markets with EuroProcessing acquisition

US-based First Data is continuing its expansion into Europe with the acquisition of EuroProcessing International (EPI), a provider of electronic payment processing services to banks in Central and Eastern Europe.

First Data inks Suncorp merchant processing deal

First Data inks Suncorp merchant processing deal

Australian banking group Suncorp has signed a seven year contract with US-based First Data for the supply of outsourced merchant acquiring and processing services. Financial terms of the agreement were not disclosed.

Nearly half of US adults have been phished

Nearly half of US adults have been phished

Consumer studies conducted by First Data indicate that 6.8% of US adults have been victimised by ID theft and 43.4% have direct personal experience of phishing fraud.

SunGard deal shines light on IT stock prices

SunGard deal shines light on IT stock prices

Merrill Lynch analysts say the $11.3 billion private equity buyout of SunGard indicates that Wall Street is seriously undervaluing cash generative IT and business process outsourcing vendors.

Peppercoin and SunTrust ink micropayments deal

Peppercoin and SunTrust ink micropayments deal

US micropayments firm Peppercoin has inked an alliance deal with SunTrust Merchant Services, a joint venture between SunTrust Banks and First Data Corporation, to deliver a small payments processing service to merchants. Reino Parking Systems has been signed as the first client.

First Data hires FleetBoston's Bakhshi to head new mobile division

First Data hires FleetBoston's Bakhshi to head new mobile division

US electronic payments processor First Data is establishing a business unit focused on delivering mobile payments and services, and has appointed FleetBoston's Nandita Bakhshi to head up the new division.

First Data acquires Fineco card processing unit

First Data acquires Fineco card processing unit

In an effort to capture a bigger slice of the Italian transaction processing market First Data has acquired the credit card business unit of direct bank Fineco

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