21 August 2017
Find out more

First Data completes Cashcard acquisition

15 April 2004  |  4182 views  |  0 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.

First Data said in December 2003 that it intended buy the Australian firm. Cashcard shareholders voted to approve the acquisition in March.

First Data has now merged Cashcard's operations with its own business in Australia and says the combined entity will process more than one billion electronic payment transactions per year and operate over 8000 ATMs across the country.

Pam Patsley, president, First Data, says: "The addition of Cashcard to First Data strengthens our position in the Australia and Asia Pacific markets."

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

First Data hardware glitch overcharges Wal-Mart shoppers

First Data hardware glitch overcharges Wal-Mart shoppers

06 April 2004  |  4466 views  |  0 comments
TSYS announces job cuts; First Data boosted by Western Union

TSYS announces job cuts; First Data boosted by Western Union

05 February 2004  |  5730 views  |  0 comments
First Data and Bank One resolve contract row

First Data and Bank One resolve contract row

17 December 2003  |  4326 views  |  0 comments
First Data to divest Nyce stake in return for Concord merger approval

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

16 December 2003  |  3249 views  |  0 comments
ITS wins $10 million Cashcard ATM contract

ITS wins $10 million Cashcard ATM contract

08 October 2003  |  2324 views  |  0 comments
Cashcard aquires Direct Cash ATM network

Cashcard aquires Direct Cash ATM network

01 July 2003  |  2507 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
download the paper nowvisit www.vasco.comvisit www.worldpaymentsreport.com

Who is commenting?

A Finextra member Finextra Member Commented on: Real-time payments in...
A Finextra member Finextra Member Commented on: Barclays uses sensors...

Top topics

Most viewed Most shared
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
11530 views comments | 26 tweets | 23 linkedin
Barclays pairs banking data with third party apps for SmartBusiness DashboardBarclays pairs banking data with third par...
9781 views comments | 22 tweets | 31 linkedin
hands typing furiouslyWhy Is Risk Analytics Important?
9598 views 0 | 5 tweets | 1 linkedin
Norwegian banks and startups form fintech clusterNorwegian banks and startups form fintech...
9344 views comments | 19 tweets | 23 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
9264 views comments | 10 tweets | 8 linkedin