Latest First Data Corporation News: Finextra Research

First Data targets CEE markets with EuroProcessing acquisition

US-based First Data is continuing its expansion into Europe with the acquisition of EuroProcessing International (EPI), a provider of electronic payment processing services to banks in Central and Eastern Europe.

10 June 2005

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First Data inks Suncorp merchant processing deal

Australian banking group Suncorp has signed a seven year contract with US-based First Data for the supply of outsourced merchant acquiring and processing services. Financial terms of the agreement were not disclosed.

31 May 2005

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Peppercoin and SunTrust ink micropayments deal

US micropayments firm Peppercoin has inked an alliance deal with SunTrust Merchant Services, a joint venture between SunTrust Banks and First Data Corporation, to deliver a small payments processing service to merchants. Reino Parking Systems has been signed as the first client.

22 February 2005

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First Data hires FleetBoston's Bakhshi to head new mobile division

US electronic payments processor First Data is establishing a business unit focused on delivering mobile payments and services, and has appointed FleetBoston's Nandita Bakhshi to head up the new division.

18 January 2005

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First Data acquires Fineco card processing unit

In an effort to capture a bigger slice of the Italian transaction processing market First Data has acquired the credit card business unit of direct bank Fineco

13 January 2005

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First Data and MasterCard welcome Washington Mutual deal

First Data is reporting a new debit card processing deal with Washington Mutual, as the US' largest savings and loan switches from Visa to MasterCard-branded cards.

07 January 2005

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Harbor Payments acquires Velosant

Atlanta-based Harbor Payments has acquired the electronic invoice presentment and payment (EIPP) business operating under the Velosant name from e-payments firm eOne Global.

20 July 2004

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Alpha Bank sells card services subsidiary to First Data

Delta Singular, the IT services unit 38.8% owned by Alpha Bank of Greece, is to sell its outsourcing operation to First Data for EUR206 million in cash.

10 June 2004

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Maduro & Curiel's Bank outsources card processing to First Data/Banco General JV

Maduro & Curiel's Bank (MCB), the largest commercial bank in the Dutch Caribbean, has signed a five-year card processing deal with Processing Center (Procesa), a joint venture company formed by First Data and Banco General.

27 May 2004

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Metavante to acquire Nyce network for $610 million - WSJ

Metavante has reached an agreement to acquire the Nyce electronic-payments network from First Data for $610 million, executives of the two companies told The Wall Street Journal.

17 May 2004

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Banco Vimenca signs with First Data for payments processing

Banco Vimenca, based in the Dominican Republic, has contracted with First Data for the supply of payments processing services via the vendor's Procesa joint venture facility in Panama.

28 April 2004

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First Data completes Cashcard acquisition

First Data has completed its acquisition of Australian cash machine operator Cashcard. Financial terms of the transaction were not disclosed.

15 April 2004

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