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139 Results from /payments, "First Data Corporation"

/payments

First Data hardware glitch overcharges Wal-Mart shoppers

A computer hardware problem at payments processor First Data resulted in double and triple billing of the cardholder accounts of shoppers at Wal-Mart stores last week.

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Encorus wins Simpay payments processing contract

Encorus Technologies has won a multi-year contract to provide transaction processing for Simpay, the mobile payment scheme founded by Orange, Telefónica Móviles, T-Mobile and Vodafone.

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Wachovia outsources retail lockbox network to First Data

First Data subsidiary Remitco is to acquire five Wachovia retail lockbox centres as part of an agreement to provide the US bank with national remittance processing services.

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TSYS announces job cuts; First Data boosted by Western Union

Electronic payments processor Total Systems Services (TSYS) is to cut its workforce by 237 employees in a cost-cutting and efficiency drive.

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Nyce files debit routing lawsuit against Concord

Nyce Corporation has filed a lawsuit against Concord EFS for allegedly breaching routing agreements relating to debit card payments.

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Banco General and First Data establish South American processing centre

Panama-based Banco General is teaming with First Data to establish a card processing centre that will provide outsourced services to financial institutions across Latin America and the Caribbean.

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First Data and Bank One resolve contract row

First Data will continue to provide card processing services to Bank One through to September 2005, after resolving a dispute over the termination of its initial contract with the bank.

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First Data to divest Nyce stake in return for Concord merger approval

First Data has agreed to divest its 64% ownership stake in the Nyce debit card network in return for regulatory approval of its proposed purchase of rival credit card processor Concord EFS.

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First Data shareholders approve Concord merger deal

First Data shareholders have voted to approve the company's $7 billion merger with Concord EFS, despite the threat of a US antitrust judgement against the proposals.

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Wachovia signs with Visa and NYCE; drops Star network

Wachovia Corporation has selected Visa USA and First Data subsidiary NYCE to run its debit card and ATM transaction businesses. Financial terms were not disclosed.

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China Everbright Bank signs outsourcing deal with First Data

China Everbright Bank has signed a multi-year agreement with First Data for the supply of credit card and merchant processing services.

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MasterCard and Velosant team for B2B payments

MasterCard is to work with eONE Global offshoot Velosant to develop a business-to-business payment solution for the public and private sector.