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First Data

First Data Corporation
Company typeSubsidiary
IndustryFinancial services
Founded1971 (1971), in Omaha, Nebraska, U.S.
HeadquartersAtlanta, GA, U.S.
Key people
Perry E. "Bill" Esping (Founder)
ProductsMerchant services
RevenueIncrease US$ 12.05 billion (2017)
Increase US$ 1.71 billion (2017)
Increase US$ 1.47 billion (2017)
Total assetsIncrease US$ 48.27 billion (2017)
Total equityIncrease US$ 6.01 billion (2017)
Number of employees
22,000 (2017)
ParentFiserv
WebsiteFirstData.com
Footnotes / references
[1][2]

First Data Corporation is 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]

  1. ^ "First Data Corporation 2017 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. February 21, 2018. Retrieved August 26, 2018.
  2. ^ "First Data Corporation 2017 Quarterly Report, Q3 2018 (Form 10-Q)". U.S. Securities and Exchange Commission. October 31, 2018. Retrieved November 25, 2018.
  3. ^ a b Flamm, Matthew (30 November 2014). "Apple Pay pays off for First Data". Crain's. Retrieved 12 February 2015.
  4. ^ "First Data's ValueLink, Starbucks extend agreement". Denver Business Journal. Retrieved 5 March 2015.
  5. ^ Jack Henry & Associates announces strategic partnerships with First Data and PSCU, CUINsight
  6. ^ 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.
  7. ^ Malcolm, Hadley. "Prolonged holiday shopping boosts season sales". USA Today. Retrieved 5 March 2015.
  8. ^ Rovell, Darren (6 February 2015). "Analysis: 3.1 percent growth in 'Zona". ESPN. Retrieved 5 March 2015.
  9. ^ D'Innocenzio, Anne. "Sales for Holiday Shopping Season Come Down to the Wire". The New York Times. Retrieved 5 March 2015.
  10. ^ Yglesias, Matthew (6 February 2015). "Super Bowl XLIX seems to have been a bit of an economic bust". Vox. Retrieved 5 March 2015.
  11. ^ Retailers Drop as Bad News Keeps Piling Up on 2017's Worst Stocks Bloomberg
  12. ^ "Fiserv completes acquisition of First Data - FinanceFeeds". 30 July 2019.