First Data
Company
Newtek Business Services Reports New Agreement With First Data Corporation and Wells Fargo Bank, N.A....market, reported today that its electronic payment processing division has entered into new agreements with Wells Fargo Bank, N.A. and First Data Corporation to facilitate its continued growth in services and capacity in the payment... In this article: NewTek, Wells Fargo Bank, N.A., First Data Corporation, UPS, Receivable, and Revenue |
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PR Newswire | 1 day ago
Alcatel-Lucent Completes the World's First Data Call on a Live LTE Network in the 800 MHz European Digital Dividend Spectrum Band
Alcatel-Lucent Completes the World's First Data Call on a Live LTE Network in the 800 MHz "European Digital Dividend" Spectrum Band See more news releases in: Radio, Carriers and Services, Telecommunications Equipment, Telecommunications...
In this article: Alcatel-Lucent, NYSE, Stuttgart, Etisalat, Verizon Wireless, NTT Docomo, and Telefonica
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Omaha World-Herald | 2 days ago
Careers get students' attention
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New York Post | 5 days ago
The next bubble
...when the Secretary of the Treasury walks into his office one day. "You better sit down," the secretary says. "I've got bad news. First Data, the largest merchant credit card processor, has defaulted on $22 billion in loans. Clear Channel...
In this article: Barack Obama, Bankruptcy, US, Recession, Unemployment, Boston Consulting Group, Clear Channel Communications, Standard & Poor's, and Nafta
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bizjournals: Local Business News | 7 days ago
First Data posts deeper Q3 loss
Friday, November 13, 2009, 9:46am EST First Data posts deeper Q3 loss First Data Corp.'s revenue rose 13 percent in the third quarter, but it went deeper into the red as the weak economy and constrained credit continue to weigh on the...
In this article: Revenue, Michael Capellas, and Atlanta
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MarketWatch | 7 days ago
Earnings Watch: Updates, advisories and surprises
KKR-held First Data reports widening loss (6:23 AM ET) LONDON (MarketWatch) -- Payment processing firm First Data said its third-quarter loss widened to $289 million from $164 million, while revenue rose 13% to $2.44 billion. The group...
In this article: Revenue, Fiscal year, British Airways, London, MarketWatch, KKR, Sumitomo Mitsui Financial Group, and Japan Airlines Corp.
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eWEEK Technology News | November 11, 2009
INSIDE MOBILE: Innovations of Mobile Marketing
...to use on the phone's screen, wand it over the contactless terminal and the purchase is completed. Major players here include ViVOtech, First Data, Visa, MasterCard and the major handset manufacturers. All it will take for this to enable...
In this article: All rights reserved, Knowledge Center, Trademark, HTC, NFC, Visa, MasterCard, Samsung, and Apple
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Prime Newswire | November 10, 2009
EnviroXtract, Inc. Announces Corporate Updates; Carlton Wingett Elected President -- Third Quarter Financials Filed With Pink Sheets
...senior technical and management positions with some of the world's largest companies, including IBM Global Services, McKesson/HBOC, and First Data Corporation. Mr. Wingett has served on the board of directors of private and publicly traded...
In this article: Filing, Safe harbor, Operations management, Project management, Fossil fuel, and Natural gas
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BBC News | November 10, 2009
Accenture staff face jobs threat
...according to the Unite union. The posts have been put under threat by National Australia Group's (NAG) decision to award a contract to First Data instead of Accenture. The staff, who are former NAG employees, were outsourced to Accenture...
In this article: Accenture, Belfast, Unite, FBI, and Northern Ireland
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washingtonpost.com | November 09, 2009
Western Union promotes insider to COO
...executive vice president and managing director for Europe, the Middle East, Africa and Asia Pacific. Ersek, who was born in Turkey, joined First Data Corp., Western Union's former parent, in 1999 after holding executive jobs at GE Capital...
In this article: Western Union, GE Capital, Europay, First Data Corp., Africa, Europe, Middle East, and Turkey
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MarketWatch | November 03, 2009
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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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:
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- Michael Capellas
- Chairman & CEO
- Products:
- Financial services
- No. of Employees:
- 27,000 (2008)
- Motto:
- Intelligence in every transaction
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