First Data
Company
Recent LBO Mega-Deals Have Much Higher Default Rates...the biggest 10 LBOs remain above the distress level, according to Moody's: HCA bought by a private equity consortium for $35.3 billion; First Data, another "Large Club" LBO, acquired for $29 billion; and Hertz, bought out by a private equity... In this article: Moody's, Carlyle, Welsh Carson, Hertz, First Data, JP Morgan, and U.S. |
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Seeking Alpha | 1 day ago
Highly Leveraged Borrowers to Compete for Limited Dollars
...financial covenant flexibility, and recovery prospects. The companies profiled are: ARAMARK Corp. (RMK) ; Energy Future Holdings Corp. ; First Data Corporation; Freescale Semiconductor, Inc (FSL). ; HCA Inc (HCA); The Nielsen Company B.V.;...
In this article: Fitch, Cash flow, Bankruptcy, Univision Communications, Inc., Toys "R" Us, Inc, Freescale Semiconductor, Inc, Energy Future Holdings Corp., and First Data Corporation
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Centre Daily Times | 3 days ago
Outsourcing of Wholesale Lockbox Processing One Key to Banks’ Profitability
...Development. Advertisement WAUSAU maintains a significant retail lockbox processing operation through its ongoing partnership with First Data's REMITCO, operating hub facilities in six cities, soon to be eight. To this, WAUSAU has...
In this article: Outsourcing, Eastern Bank, Customer satisfaction, and Competitive advantage
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Prime Newswire | 4 days ago
Web.com Reports Third Quarter 2009 Financial Results
...share repurchase program was authorized in the third quarter of 2008. * On September 1, 2009, Web.com announced an agreement with First Data to provide small and medium-sized businesses with secure payment processing and online marketing...
In this article: Web.com, Revenue, Amortization, Cash flow, Capital expenditure, Search engine marketing, Progressive, Intangible asset, and Business operations
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PR Newswire: Technology | 4 days ago
ZAPA Technology Chooses ViVOtech to Provide Software Platform for NFC Mobile Loyalty and Gift Card Services
...Frost and Sullivan North American Smart Cards Product Line Strategy of the Year Award. ViVOtech's investors include Citi, First Data Corporation, Motorola Ventures, NCR, and Nokia Growth Partners. About ZAPA Technology ZAPA...
In this article: NFC, Zapa, Mobile payment, Europe, Nokia Growth Partners, Motorola Ventures, and NCR
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MarketWatch.com - Software Industry News | 4 days ago
Israel Stocks: Israel stocks lower; Teva reports net up 2.9%
...(PAY 13.41, +0.11, +0.83%) shares ticked down 0.1%. The San Jose, Calif., producer of secure-payment solutions will partner with First Data, the Atlanta provider of secure transaction-processing services. In the venture, First...
In this article: Copaxone, Bezeq, Bank of Israel, Cellcom, and Yuval Steinitz
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Business Wire Entertainment News | 4 days ago
Tetherball Teams with ViVOtech to Accelerate Mass Adoption of Mobile Loyalty Programs through Contactless Redemption
...Line Strategy of the Year Award. ViVOtech was named #1 in ABI Research's Contactless & NFC Reader Ranking Report, last issued in 2008. ViVOtech's investors include Citi, First Data Corporation, Motorola Ventures, NCR, and Nokia Growth Partners.
In this article: Revenue, NFC, United States, Nokia Growth Partners, Motorola Ventures, Mobile payment, Customer retention, and Marketing mix
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bizjournals: Local Business News | 5 days ago
Silver Tree buys tollway buildings
...said Paul Gardner, president of Silver Tree Partners. The buildings are about 70 percent occupied, with tenants including Pavestone, First Data and Argosy University. Gardner said Silver Tree plans renovations that will total several million...
In this article: Paul Gardner, Investment management, Argosy University, and Jones Lang LaSalle
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Centre Daily Times | October 29, 2009
Key Senior Appointment Strengthens TNS Payments Team
...more than 20 years experience in the financial services and payments industries to TNS and has also spent time in executive positions at First Data, Elavon, Visa and Wells Fargo. Commenting on his appointment, Mr Perry said: "I am...
In this article: Customer base, Acquirer, United States Military Academy at West Point, Kellogg School, Northwestern University, and Wells Fargo
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Centre Daily Times | October 27, 2009
Travelex Global Business Payments Continues Expansion in Global Financial and Legal Sectors
...vice president and regional divisional director for the Partners Division of Travelex. He has also worked at leading firms such as First Data Corporation and Global Payments Inc. where he pioneered the construction of company sales...
In this article: North America, Washington, Global Payments Inc., and First Data Corporation
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Miami Herald - 5-minute Herald | October 25, 2009
Creating office harmony with fewer workers
...questions instead of advocating a position, so it's a ``civilized disagreement.'' South Florida companies including American Express and First Data Corp. use team-building techniques to solve problems and strengthen workplace...
In this article: First Data Corp., American Express, The Miami Herald, Coral Springs, and Fort Lauderdale
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Description from Wikipedia:
First Data Corporation is an American payment processing company headquartered in Greenwood Village, Colorado. First Data is a provider of electronic commerce and payment solutions, and the company's chief rival is TSYS. The company's portfolio includes merchant transaction processing services; credit, debit, private-label, gift, payroll and other prepaid card offerings; fraud protection and authentication solutions; electronic check acceptance services through TeleCheck; as well as Internet commerce and mobile payment solutions. The company's STAR Network offers PIN-secured debit acceptance at ATM and retail locations. ==History==
In 1969, the Mid-America Bankcard Association (MABA) was formed in Omaha, Nebraska, as a non-profit bankcard processing cooperative. Two years later, First Data Resources (FDR) incorporated in June to become a for-profit organization providing processing services to MABA. FDR had 110 employees and $2 million in annual revenues. First Data is an agglomeration of various cooperative associations which were initially established to provide credit card data processing services for member banks. These include Eastern States Bankcard Association; Atlantic States Bankcard Association; Southwestern States Bankcard Association; Mountain States Bankcard Association, and Western States Bankcard Association.
In 1980, American Express Information Services Corporation (ISC) bought 80% of FDR. The remaining 20% was purchased in 5% increments each subsequent year until June 1983. First Data Corporation spun off from American Express and went public in 1992. In 1995, the company merged with First Financial Management Corp. (FFMC) and was then organized into three major business units serving card issuers, merchants and consumers. Western Union became part of First Data as a result of the merger with FFMC.
- Name:
- First Data
- Type:
- Private
- Location:
- Greenwood Village, Colorado
- Founded:
- 1969
- Industry:
- Finance and Insurance
- Key People:
-
- Michael Capellas
- Chairman & CEO
- Products:
- Financial services
- No. of Employees:
- 27,000 (2008)
- Motto:
- Intelligence in every transaction
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