Joint venture
Business Concept
BofA, First Data create payments companyBy Elinor Comlay and Juan Lagorio Bank of America Corp <BAC.N>, the largest U.S. bank, and First Data Corp have created a joint venture to offer electronic payment services to merchants. The venture will combine Bank of America's... In this article: Bank of America Corp, First Data Corp, Global Payments Inc, Joint venture, and Atlanta |
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Wikipedia | October 17, 2009
Kirk Sanford
...(GCA). July 1998, First Data, whom acquired Comdata's Gaming (Comchek) Division in 1996, merged the business to form Global Cash Access, LLC, a joint venture 58% owned by First Data and 42% by Bank of America and M&C International. The...
In this article: First Data, Bank of America, ATM, Cendant Corp, Boyd Gaming, HarbourVest Partners, and Leverage
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PR Newswire | October 09, 2007
Assurz Hires National Sales Managers Dawn Delaney and Teresa Cullen
...merchants across the U.S. Delaney and Cullen both come to Assurz from Chase Paymentech Solutions, the world's largest retail payment processing company and a joint venture of JP Morgan Chase & Co. and First Data Corp. Over more than a decade,...
In this article: First Data Corp., JP Morgan Chase & Co., and California
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PR Newswire: Financial | July 17, 2009
Bank of America Earns $3.2 Billion in Second Quarter
...charges, rose to a record $6.7 billion. During the quarter, Bank of America announced the sale of its merchant processing business to a joint venture, which included First Data Corp. The transaction is expected to deliver...
In this article: Bank of America, Merrill Lynch, Revenue, Countrywide, FDIC, Kenneth D. Lewis, Investment Management, and Derivative
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Seeking Alpha | November 14, 2008
First Data Corporation Q3 2008 (Qtr End 9/30/2008) Earnings Call Transcript
...Bank unit of the joint venture. First Data has also assumed its proportionate share of the joint ventures asset and a portion of the joint venture's employees into its existing merchant acquiring business. We will continue to provide...
In this article: Michael Capellas, First Data, Revenue, Recession, and U.S.
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Times Online | January 15, 2009
Senate frees $350bn of bailout fund as shares slide$
...resulted from one-off items such as a $627 million gain from bringing the Paymentech credit and debit card processing joint venture with First Data entirely under its own roof. JPMorgan also announced its full-year profits for 2008, with...
In this article: Citigroup, Jpmorgan, Bank of America, Credit crunch, Smith Barney, Barack Obama, New York, US, and GMT Capital
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Merchant Solutions Enables Tens of Thousands of Asian Businesses to Accept Electronic Payments in First Year
...and in Local and Foreign Currencies /PRNewswire/ -- Merchant Solutions, a joint venture between global electronic payments processor First Data and Standard Chartered, marked its first anniversary on November 19 with tens of thousands...
In this article: Standard Chartered, Hong Kong, Small Businesses, Spectra, Micros Systems, and First Data
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Bank of America Corporation Q2 2009 Earnings Call Transcript
...towards statutory in the second half of the year. In late June, we announced the formation of a joint venture with First Data to deliver next generation payment solutions to merchants. Due to our contribution to the joint venture, we...
In this article: Asset, Revenue, Balance sheet, Unemployment, Small business, Merrill Lynch, and Bank of America
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Security Benefit Elects Directors
...the development of the company's client server software projects for the credit card industry and leading the development of key joint ventures and partnerships for expanded sales coverage and solution offering. Walsh holds a Bachelor of...
In this article: First Data Corporation, CoreFirst Bank & Trust, and CIS
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Centre Daily Times | March 25, 2009
First Data Reports Fourth Quarter Revenue Growth of 8%
...Chase Paymentech Solutions™, with JPMorgan Chase. First Data has assumed its 49% share of the joint venture which includes management of the full-service ISO and Agent Bank unit. Beginning Nov. 1, 2008, the portion of the alliance's...
In this article: First Data, Revenue, WFMS, Wells Fargo, Michael Capellas, Securities and Exchange Commission, and Customer satisfaction
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Description from Wikipedia:
A joint venture (often abbreviated JV) is an entity formed between two or more parties to undertake economic activity together. The parties agree to create a new entity by both contributing equity, and they then share in the revenues, expenses, and control of the enterprise. The venture can be for one specific project only, or a continuing business relationship such as the Sony Ericsson joint venture. This is in contrast to a strategic alliance, which involves no equity stake by the participants, and is a much less rigid arrangement.
The phrase generally refers to the purpose of the entity and not to a type of entity. Therefore, a joint venture may be a corporation, limited liability company, partnership or other legal structure, depending on a number of considerations such as tax and tort liability.
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