First Data completes BluePay acquisition
01 December 2017 | 2832 views | 0
Source: First Data
First Data Corporation (NYSE: FDC), a global leader in commerce-enabling technology and solutions, today announced the successful completion of its acquisition of BluePay Holdings, Inc. from BluePay’s current owners including TA Associates and BluePay management.
BluePay is a provider of technology-enabled payment processing for merchants in the U.S. and Canada and was one of First Data’s largest distribution partners with a strong focus on software-enabled payments and Card-Not-Present transactions. It processes approximately $19 billion of annual sales volume for more than 77,000 merchants and is integrated into more than 450 software platforms. BluePay offers software integration solutions that complement those offered through First Data’s CardConnect business.
“The addition of BluePay’s integrated Card-Not-Present solutions to CardConnect’s cutting-edge ISV product suite affords First Data a unique and comprehensive offering in the high-growth integrated payments space,” said First Data Chairman and CEO, Frank Bisignano. “Importantly, this acquisition will also allow us to enhance our service offerings to our JV alliances and other distribution partners.”
BluePay CEO, Bala Janakiraman, will continue to lead BluePay operations.