Latest First Data Corporation News: Finextra Research

First Data launches EIPP system for maritime cargo industry

First Data has launched a global online freight payment system for the maritime shipping industry.

29 April 2009

Wells Fargo takes majority stake in First Data merchant alliance JV

First Data has extended its merchant alliance joint venture with Wells Fargo for five years, the US payments processor revealed today in its full year earnings statement.

25 March 2009

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ICICI considers spinning off ATM and POS networks - report

India's ICICI Bank is reportedly looking into spinning off its network of ATMs and payment terminals to a separate company and has sounded out technology vendors about joining the new entity.

19 March 2009

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Vivotech raises $8.6 million in extension to third-round funding

Silicon Valley-based Vivotech, an infrastructure provider for contactless and near field communication (NFC) mobile payments and promotions, has closed an $8.6 million extension to its series C round of funding from its existing investors, bringing the total investment in its series C round to more than $40 million.

17 February 2009

/payments

WestLB and First Data launch pan-European card venture

German bank WestLB and US payment processing outfit First Data are teaming up to launch a new business dedicated to providing card acceptance services to retailers across Europe.

14 January 2009

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First Data and InComm terminate acquisition plan

First Data says it has reached a mutual agreement with InComm to terminate a proposed acquisition of the Atlanta-based pre-paid card outfit.

05 November 2008

/payments

San Francisco contactless transit trial hailed a success

A pilot scheme that allowed commuters in San Francisco to use their NFC-enabled mobile phones to pay for rail fares and make retail payments has been hailed as a success, with participants embracing the technology.

07 October 2008

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Americans shun paper for e-payments - survey

Nearly two thirds of all US consumer payments are now made electronically as Americans increasingly turn away from cash and cheques, according to research from BAI and Hitachi Consulting.

06 October 2008

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SIA-SSB wins Austrian cards contract; plans Warsaw, Moscow offices

Sinsys, a majority-owned subsidiary of SIA-SSB, has won a five-year card issuing processing contract with Austria's PayLife Bank.

16 September 2008

/payments

Democrats trial First Data contactless payments technology

Delegates at this week's Democratic National Convention in Denver have been given free commemorative badges by First Data that incorporate the vendor's contactless payments technology.

28 August 2008

/payments

JPMorgan and First data to dismantle payment processing JV

JPMorgan Chase and First Data have disclosed plans to wind down the Chase Paymentech Solutions (CPS) joint venture by the end of the year and bring the operations in-house.

27 May 2008

/payments

First Data takes 50% stake in Eufiserv processing unit

US e-payments outfit First Data is acquiring a 50% equity stake in the interbank processing unit of Europe's Eufiserv as it looks to cash in on the opportunities provided by the single euro payment area (Sepa). Financial details of the deal were not disclosed.

21 May 2008

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