First Data Topics

• electronic check acceptance
• transaction processing services
• leading global provider
• western union agent locations
• card offerings
• authentication solutions
• card issuers
• merchant transaction
• ffmc
• fraud protection
• first data corporation
• maba
• payment solutions
• mobile payment
• star network
• telecheck
• management corp
• western union agent
• prepaid card

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First Data, First Data

First Data is a provider of electronic commerce and payment solutions. 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.

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 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.

The company also began to see significant growth in its network of Western Union agent locations. This set the stage for First Data to become a leading global provider of electronic commerce and payment solutions to businesses and consumers worldwide.

Source: Wikipedia > First Data