Bank of America ponders scrapping paytech venture with First Data
The joint venture, Bank of America Merchant Services, accounts for 10-12% of First Data’s revenue.
First Data
Instarem partners with First Data to enable card issuance
It will begin with corporates and fintechs in Singapore.
First Data to acquire Brazilian paytech Software Express
The two companies expect to process more than 15 billion transactions this year.
First Data joins AIB in €100m bid for Payzone
Duo targeting Dublin-based payments firm.
Top fintech stories this week – 18 January 2019
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Fiserv to acquire First Data for $22bn
Job cuts on the way as a fintech titan is born.
First Data teams with Ellie Mae for lending payments
Customers can accept payment for costs related to loan origination and processing.
First Data and Mastercard in digital disbursement duet
First Data’s disburse-to-debit solution will be available to Mastercard customers.
SIA is partial to First Data’s European card processing for €375m
Will acquire businesses in parts of Central and Southeastern Europe.
First Data to open new fintech centre in Ireland
US payments firm also aims to hire 150 staff from around the world.
ShopKeep all over First Data’s Clover POS technology
Cloud payments and point-of-sale (POS) system start-up ShopKeep deepens ties.
First Data partners with UnionPay to enable in-store and online transactions in the US
International paytech firm First Data has partnered with UnionPay International to enable in-store and online transactions in the US allowing UnionPay card holders to shop at US retailers.
Live Oak and First Data open up to digital banking with Apiture JV
International paytech firm First Data and a bank in North Carolina, Live Oak, have partnered to form a new digital banking joint venture (JV) called Apiture.
PSCU opens Midwestern Service Center in Omaha
PSCU, a credit union service organisation that supports more than 850 owner credit unions, opened its Midwestern Service Center in Omaha, Nebraska.
Worldline to buy Baltics payment processor from First Data for €73m
France’s Worldline is buying 100% of the share capital of First Data’s fully owned subsidiaries in Lithuania, Latvia, Estonia (aka First Data Baltics or FDB) for around €73 million, financed by available cash. This latest deal follows on from earlier this month, when Worldline announced a definitive agreement to acquire 100% of the share capital […]
First Data acquires CardConnect for $750m
First Data has completed its acquisition of US payments processor firm CardConnect for about $750 million in cash including the repayment of debt. As Banking Technology reported earlier, the Fintech Acquisition Corp acquired FTS Holding Corporation in July 2016 and renamed it CardConnect. At that time, it traded shares of CardConnect on Nasdaq at approximately […]
Alipay attacks Apple in North America expansion
Alipay is teaming up with First Data in North America as it looks to take a bite out of Apple’s market share. As Banking Technology previously reported, Alipay has been gaining plenty of traction around the globe – with HelloPay Group in Asia merging with Ant Financial (which runs Alipay); and inking deals with European […]
TSB turns to First Data for bank portfolio services
First Data has been appointed by Sabis, the IT arm of Spanish banking group Sabadell, to provide processing and acquiring services across its subsidiary TSB. First Data will migrate TSB’s credit and debit card portfolio onto its FirstVision platform. Additionally, First Data will power TSB’s digital payments and provide merchant acquiring services for money and […]
Silicon Valley Bank and First Data launch fintech accelerator
US-based Silicon Valley Bank (SVB) and First Data are calling on US start-ups to apply for their latest Commerce.Innovated accelerator programme. The four-month virtual programme provides participants with operational mentorship from the pair’s respective networks. Reetika Grewal, head of SVB’s payments strategy and solutions group, says its “small class size allows us to work closely […]
Automation in US banking – part 2
Art Gillis, a seasoned banking technology consultant (working in the computer industry since 1958 – and listed as a top 25 tech consultant by the American Banker) and author, presents his latest “Automation in Banking” report (#31!), which looks at the US core banking and ancillary software market.
Peg Johnson named to i2c global leadership role
Global payments processor i2c Inc. has appointed Peg Johnson as executive vice president of global client success to oversee global operations of its client services and customer success organizations. Johnson will report directly to i2c CEO Amir Wain.
First Data and KeyBank team up for payments and merchant services
US-based First Data and KeyBank have teamed up to offer merchant services to the latter’s commercial, business and government clients across the country. The partnership will allow KeyBank to offer First Data’s entire portfolio of business tools, including the Clover platform which lets business owners accept payments, manage inventory, track sales, and access analytics and […]
Bancolombia and First Data team up for payments innovation
Bancolombia and US-based First Data have formed a strategic agreement to integrate their technology platforms to “improve and diversify” services for business owners in Colombia. The companies will focus on building e-commerce and business management solutions for merchants as well as improving access to the banking system. First Data and Bancolombia say they will bring […]
ABN Amro teams with First Data for payments
Dutch state-owned bank, ABN Amro, is partnering with US-based First Data for payments and will offer services through its joint venture European Merchant Services (EMS). EMS has been processing credit card and debit card payments for businesses for over 25 years, and ABN Amro says entrepreneurs and small business owners will be able to add […]
Mobile banking customers demand new features
One in three retail banking customers feel their mobile banking app is not as good as online banking through a browser, according to a new study by ecommerce company First Data in the UK. The figures also revealed that more than half still have yet to use a mobile banking app – suggesting that there may be both an unmet demand for more functionality in mobile apps, and a need to convince the remaining consumers of their value.
The non-bank bank?
Saxo Payments isn’t a bank, and the chief executive isn’t a banker. So how does he think he’s that’s going to help shake up international payments?
Huawei partners to push cloud transformation for financial IT
As part of its expansion into IT services, Chinese telecoms giant Huawei has partnered with 11 banking IT solution providers to establish an open platform ecosystem for the finance industry.
Saxo Payments to fulfil cross border transfers for First Data clients
Saxo Payments is collaborating with First Data to reduce costs and improve the speed of global transactions for First Data clients through a secure web interface through they can manage cross border transfers.
Capgemini and First Data forge payments development alliance
Technology consultancy Capgemini has formed a global alliance with First Data to develop payment software based on First Data’s VisionPlus and AccessPlus solutions. The pair say that they expect to begin delivering new solutions in the second quarter of this year.
Executive Profile: One on One with Mark Putman, First Data
As a startup veteran with five companies under his belt, Mark Putman never foresaw his future as an executive for a large company. Today, he oversees the prepaid business at First Data Corp., one of the world’s largest payments processors, as senior vice president of prepaid solutions.
Five Minutes with First Data
Paybefore chats with First Data’s Ben Love to get some insight into the company’s recent moves, as well as the future of payments.
UniCredit plans mobile payments play with First Data
European commercial bank UniCredit has chosen payment processing company First Data Corporation to help it pursue its mobile payments plans.
SK signs with First Data for card processing in Poland
SK Bank, a Polish cooperative bank in Poland, has signed with First Data, which will provide outsourced issuing and payment processing services for SK bank’s debit, credit and prepaid card portfolios.
First Data will also enable the bank to access card payment data on a 24/7 basis. The bank also intends to implement Proactive Risk Manager, a fraud transaction monitoring system provided by First Data.
