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| Company type | Subsidiary |
|---|---|
| NYSE: FDC | |
| Industry | Financial services |
| Founded | 1971, in Omaha, Nebraska, U.S. |
| Founder | Perry E. "Bill" Esping |
| Defunct | 29 July 2019  |
| Fate | Acquired by Fiserv |
| Headquarters | Atlanta, GA, U.S. |
Key people |
|
| Products | Merchant services |
| Revenue |  US$ 12.05 billion (2017) |
| US$ 1.71 billion (2017) | |
| US$ 1.47 billion (2017) | |
| Total assets | US$ 48.27 billion (2017) |
| Total equity | US$ 6.01 billion (2017) |
Number of employees | 22,000 (2017) |
| Parent | Fiserv |
| Website | FirstData.com |
| Footnotes / references [1][2] | |
First Data Corporation was a financial services company headquartered in Atlanta, Georgia, United States. The company's STAR Network provides nationwide domestic debit acceptance at more than 2 million retail POS, ATM, and at online outlets for nearly a third of all U.S. debit cards.
First Data has six million merchants, the largest in the payments industry.[3] The company handles 45% of all US credit and debit transactions, including handling prepaid gift card processing for many US brands such as Starbucks.[3][4] It processes around 2,800 transactions per second and $2.2 trillion in card transactions annually,[5] with an 80% market share in gas and groceries in 2014.[6] First Data's SpendTrend Report is frequently used by national news networks such as WSJ, USA Today, ESPN, The New York Times, Vox Media,[7][8][9][10] and Bloomberg.[11]
On January 16, 2019, Fiserv announced a deal to acquire First Data in an all-stock deal with equity value of $22 billion. Fiserv completed the acquisition of First Data on Monday, July 29, 2019.[12]
- ^ "First Data Corporation 2017 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. February 21, 2018. Retrieved August 26, 2018.
- ^ "First Data Corporation 2017 Quarterly Report, Q3 2018 (Form 10-Q)". U.S. Securities and Exchange Commission. October 31, 2018. Retrieved November 25, 2018.
- ^ a b Flamm, Matthew (30 November 2014). "Apple Pay pays off for First Data". Crain's. Retrieved 12 February 2015.
- ^ "First Data's ValueLink, Starbucks extend agreement". Denver Business Journal. Retrieved 5 March 2015.
- ^ Jack Henry & Associates announces strategic partnerships with First Data and PSCU, CUINsight
- ^ Carney, Michael (30 July 2014). "Payments giant First Data acquires Gyft in an effort to bring digital gift cards to the masses". Pando daily. Retrieved 5 March 2015.
- ^ Malcolm, Hadley. "Prolonged holiday shopping boosts season sales". USA Today. Retrieved 5 March 2015.
- ^ Rovell, Darren (6 February 2015). "Analysis: 3.1 percent growth in 'Zona". ESPN. Retrieved 5 March 2015.
- ^ D'Innocenzio, Anne. "Sales for Holiday Shopping Season Come Down to the Wire". The New York Times. Retrieved 5 March 2015.
- ^ Yglesias, Matthew (6 February 2015). "Super Bowl XLIX seems to have been a bit of an economic bust". Vox. Retrieved 5 March 2015.
- ^ Retailers Drop as Bad News Keeps Piling Up on 2017's Worst Stocks Bloomberg
- ^ "Fiserv completes acquisition of First Data - FinanceFeeds". 30 July 2019.
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