First Data

{{Infobox company

| name = First Data Corporation

| logo = First Data logo (2018).svg

| type = Subsidiary

| traded_as = {{NYSE was|FDC}}

| fate = Acquired by Fiserv

| foundation = {{start date and age|1971}}, in Omaha, Nebraska, U.S.

| founder = Perry E. "Bill" Esping

| location = Atlanta, GA, U.S.

| key_people = {{Unbulleted list|class=nowrap

| Frank Bisignano (CEO)

| Himanshu A. Patel (CFO)

}}

| products = Merchant services

| industry = Financial services

| revenue = {{nowrap|{{increase}} US$ 12.05 billion {{small|(2017)}}}}

| operating_income = {{nowrap|{{increase}} US$ 1.71 billion {{small|(2017)}}}}

| net_income = {{nowrap|{{increase}} US$ 1.47 billion {{small|(2017)}}}}

| assets = {{nowrap|{{increase}} US$ 48.27 billion {{small|(2017)}}}}

| equity = {{nowrap|{{increase}} US$ 6.01 billion {{small|(2017)}}}}

| num_employees = {{nowrap|22,000 {{small|(2017)}}}}

| parent = Fiserv

| homepage = {{url|https://www.firstdata.com/|FirstData.com}}

| footnotes = {{cite web|url=https://www.sec.gov/Archives/edgar/data/883980/000088398018000006/a12311710-k.htm|title=First Data Corporation 2017 Annual Report (Form 10-K)|date=February 21, 2018|publisher=U.S. Securities and Exchange Commission|access-date=August 26, 2018}}{{cite web|url=https://www.sec.gov/Archives/edgar/data/883980/000088398018000047/a9302018new10-qdoc.htm|title=First Data Corporation 2017 Quarterly Report, Q3 2018 (Form 10-Q)|date=October 31, 2018|publisher=U.S. Securities and Exchange Commission|access-date=November 25, 2018}}

}}

First Data Corporation was a financial services company headquartered in Atlanta, Georgia, United States. The company's STAR Network provides nationwide domestic debit acceptance at more than 2 million retail POS, ATM, and at online outlets for nearly a third of all U.S. debit cards.

First Data has six million merchants, the largest in the payments industry.{{cite web|last1=Flamm |first1=Matthew |title=Apple Pay pays off for First Data|url=http://www.crainsnewyork.com/article/20141201/TECHNOLOGY/141209996/apple-pay-pays-off-for-first-data|website=Crain's |date=30 November 2014 |access-date=12 February 2015}} The company handles 45% of all US credit and debit transactions, including handling prepaid gift card processing for many US brands such as Starbucks.{{cite web|title=First Data's ValueLink, Starbucks extend agreement|url=http://www.bizjournals.com/denver/stories/2004/08/02/daily8.html|website=Denver Business Journal |access-date=5 March 2015}} It processes around 2,800 transactions per second and $2.2 trillion in card transactions annually,[https://www.cuinsight.com/press-release/jack-henry-associates-announces-strategic-partnerships-first-data-pscu Jack Henry & Associates announces strategic partnerships with First Data and PSCU], CUINsight with an 80% market share in gas and groceries in 2014.{{cite web|last1=Carney |first1=Michael |title=Payments giant First Data acquires Gyft in an effort to bring digital gift cards to the masses|url=http://pando.com/2014/07/30/payments-giant-first-data-acquires-gyft-in-an-effort-to-bring-digital-gift-cards-to-the-masses/|website=Pando daily |date=30 July 2014 |access-date=5 March 2015}} First Data's SpendTrend Report is frequently used by national news networks such as WSJ, USA Today, ESPN, The New York Times, Vox Media,{{cite web|last1=Malcolm|first1=Hadley|title=Prolonged holiday shopping boosts season sales|url=https://www.usatoday.com/story/money/business/2015/01/08/holiday-shopping-season-sales/21439321/|website=USA Today |access-date=5 March 2015}}{{cite web|last1=Rovell|first1=Darren|title=Analysis: 3.1 percent growth in 'Zona|url=https://www.espn.com/nfl/playoffs/2014/story/_/id/12286890/super-bowl-xlix-analysis-shows-no-significant-consumer-spending-growth-phoenix-area|website=ESPN|date=6 February 2015|access-date=5 March 2015}}{{cite web|last1=D'Innocenzio|first1=Anne|title=Sales for Holiday Shopping Season Come Down to the Wire|url=https://www.nytimes.com/aponline/2014/12/19/us/ap-us-holiday-shopping-final-stretch.html?_r=0|website=The New York Times |access-date=5 March 2015}}{{cite web|last1=Yglesias|first1=Matthew|title=Super Bowl XLIX seems to have been a bit of an economic bust|url=https://www.vox.com/2015/2/6/7989091/super-bowl-economic-impact|website=Vox |date=6 February 2015|access-date=5 March 2015}} and Bloomberg.[https://www.bloomberg.com/news/articles/2017-04-04/retailers-drop-as-bad-news-keep-piling-up-on-2017-s-worst-stocks Retailers Drop as Bad News Keeps Piling Up on 2017's Worst Stocks] Bloomberg

On January 16, 2019, Fiserv announced a deal to acquire First Data in an all-stock deal with equity value of $22 billion. Fiserv completed the acquisition of First Data on Monday, July 29, 2019.{{Cite web|url=https://financefeeds.com/fiserv-completes-acquisition-first-data/|title=Fiserv completes acquisition of First Data - FinanceFeeds|date=30 July 2019 }}

History

In 1969, the Mid-America Bankcard Association (MABA) was formed{{Cite web |last=chcom |date=2013-09-25 |title=First Data |url=https://www.companieshistory.com/first-data/ |access-date=2023-04-21 |website=CompaniesHistory.com - The largest companies and brands in the world |language=en-US}} in Omaha, Nebraska, as a non-profit bankcard processing cooperative. First Data Resources (FDR) was founded in Omaha, Nebraska in June 1971 by Perry "Bill" Esping, along with Mike Liddy and Jack Weekly.{{Cite web|url=https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapid=867308|title=First Data Resources, LLC: Private Company Information - Bloomberg|website=www.bloomberg.com|access-date=2018-04-24}}{{Cite news |last=Dorr |first=Robert |date=January 20, 1980 |title=First Data Biggest in Its Field |pages= |work=Omaha World-Herald}} It started off by providing processing services to the Mid-America Bankcard Association (MABA). In 1976, First Data became the first processor of Visa and MasterCard bank-issued credit cards.{{Cite web |title=First Data {{!}} Credit Cards |url=https://www.creativecommunications.rrd.com/testing/fd101/credit_card.html |access-date=2023-04-21 |website=www.creativecommunications.rrd.com}} In 1980, American Express Information Services Corporation (ISC) bought 80% of First Data. The remaining 20% was purchased in 5% increments each subsequent year until June 1983. First Data Corporation was incorporated on April 7, 1989.{{Cite web |title=First Data Corporation - Delaware (Us) |url=https://opencorporates.com/companies/us_de/2192851 |access-date=2023-05-11 |website=opencorporates.com}} In July 1991, First Data purchased Signet Ltd, the operator of the Access in United Kingdom from its owners NatWest, Midland Bank, Lloyds Bank and Royal Bank of Scotland.{{cite book|url=https://archive.org/details/VAP-FtoGcompany/page/n105/mode/1up?q=Signet|title=Vendor Profile: A Publication from INPUT's Vendor Analysis Program|date=1993|page=4}}

First Data Corporation was spun off from American Express and went public in 1992. In 1995, the company merged with First Financial Management Corp. (FFMC) and was then organized into three major business units serving card issuers, merchants, and consumers. Western Union became part of First Data as a result of the merger with FFMC.{{citation needed|date=January 2022}}

=Expansion=

From 2001 through 2005, a period of expansion occurred as First Data acquired companies around the globe and in the US, including, in 2001, the acquisition of PaySys International and their VisionPLUS Payment Software System. VisionPLUS was followed by a $6.6 billion merger with Concord EFS, Inc. in 2004, which added the STAR Network and PIN-based debit acceptance at more than 1.9 million ATM and retail locations. Additional acquisitions and strategic relationships included GovOne, eONEGlobal, Paymap, Inc., and Taxware. Nevertheless, First Data eventually divested, closed down, or absorbed these businesses.

On January 26, 2006, First Data announced its intention to spin off Western Union into an independent publicly traded company through a tax-free spin-off of 100% of Western Union to First Data shareholders. The spin off occurred as planned on September 29, 2006.{{cite web|last1=Crane|first1=Mary|title=First Data Announces Western Union Spin-Off|url=https://www.forbes.com/2006/06/09/first-data-western-union-0609markets13.html|website=Forbes |access-date=12 February 2015}}

On April 2, 2007, it was announced that KKR had entered an agreement to acquire First Data{{cite news|title=K.K.R. Offer of $26 Billion is Accepted by First Data|url=https://www.nytimes.com/2007/04/03/business/03data.html|newspaper=The New York Times|date=3 April 2007}} in one of the largest leveraged buy-outs in history,{{cite news |title=What went wrong with First Data? |url=http://www.thedeal.com/newsweekly/community/what-went-wrong-with-first-data.php |access-date=2010-01-14 |archive-url=https://web.archive.org/web/20100106043614/http://www.thedeal.com/newsweekly/community/what-went-wrong-with-first-data.php |archive-date=2010-01-06 |url-status=dead }} and on October 1, 2007, KKR officially took over the First Data Corporation. Ric Duques retired, and Michael Capellas, previously the CEO of MCI Inc., the president of Hewlett-Packard Company, and also the chairman/CEO of the Compaq Computer Corporation was appointed CEO. As a privately owned company, First Data's stock was taken off the New York Stock Exchange on September 24, 2007. However, the company's LBO was financed with $24 billion in debt, and it remains heavily leveraged.

In June 2014, First Data raised a historic $3.5 billion private placement. $1.2 billion of the placement came from KKR; however, the majority, $2.3 billion, was from hedge funds, mutual funds, and institutions. With this action the company reduced total debt by $3.3 billion, improving net leverage by 1.3 turns and significantly reducing annual cash interest payments.{{cite web|last1=Epley|first1=Cole|title=Omaha is 'the heart and soul' of First Data, CEO says|url=http://www.omaha.com/money/omaha-is-the-heart-and-soul-of-first-data-ceo/article_5e13ecc4-9ba1-57c3-8424-10aace5e3fbc.html|website=Omaha.com |date=12 February 2015 |access-date=12 February 2015}}{{cite web|last1=Bajpai|first1=Prableen|title=The Most Famous Leveraged Buyouts|url=http://www.investopedia.com/stock-analysis/020915/most-famous-leveraged-buyouts-kkr-cg-bx-vno-apo.aspx|website=Investopedia |access-date=12 February 2015}} The company continues to maintain investor relations pages on its web site and to publish quarterly financial results. Within two months of the KKR acquisition, the company laid off 1,700 employees across North America, Europe, and Australia, about 6% of its workforce.{{cite news |title=U.S. payment processor First Data cuts 1,700 jobs|url=https://www.reuters.com/article/idUSN1532553020071115 |access-date=2010-01-14 | work=Reuters | first=Jonathan | last=Stempel | date=November 15, 2007}}

First Data provided Go-Tag (contactless and mobile payment technology) stickers to delegates and media representatives at the 2008 Democratic National Convention in Denver, who used them to buy food and beverages. These stickers possessed NFC chips which were read by First Data scanners, which through its back-end system deducted the purchase sum from the Go-Tag ID's balance.{{cite web|last1=Swedberg|first1=Claire|title=At Democratic Convention, First Data Corp. Showed Off Its GO-Tag|url=http://www.rfidjournal.com/articles/view?4319/2|archive-url=https://web.archive.org/web/20150402125802/http://www.rfidjournal.com/articles/view?4319/2|url-status=dead|archive-date=April 2, 2015|website=RFID Journal |date=February 2008|access-date= March 5, 2015}}{{cite book|author1=R. Kelly Rainer|author2=Casey G. Cegielski|title=Introduction to Information Systems: Enabling and Transforming Business|url=https://books.google.com/books?id=maK8xskEduYC&pg=RA1-PA257|date=April 12, 2010|publisher=John Wiley & Sons|isbn=978-0-470-47352-8|pages=1–}} First Data provided the trusted service manager that provisioned accounts to the new mobile Google Wallet system.{{cite magazine|last1=Aamoth|first1=Doug|title=How the New 'Google Wallet' Mobile Payment System Works|url=https://techland.time.com/2011/05/26/how-the-new-google-wallet-mobile-payment-system-works/|magazine=Time |date=May 26, 2011|access-date=March 5, 2015}}{{cite web|last1=Fitzgerald |first1=Kate |title=With Google Wallet, First Data Takes On 'Trust' Role|url=http://www.paymentssource.com/news/first_data_google_iso_agent_wallet_mobile-3006530-1.html|website=Payments Source |date=June 7, 2011 |access-date=March 5, 2015}}

First Data entered the Ireland market in a joint venture with Allied Irish Banks PLC named AIB Merchant Services on January 18, 2008.{{cite news |title=Allied Irish Bank And First Data Announce Launch Of AIB Merchant Services |url=http://www.firstdata.com/en_us/about-first-data/media/press-releases/01_18_08 |access-date=2010-01-14 |archive-url=https://web.archive.org/web/20101230025357/http://www.firstdata.com/en_us/about-first-data/media/press-releases/01_18_08 |archive-date=2010-12-30 |url-status=dead }} First Data also acquired ICICI Bank's merchant services business in 2009 for 4 billion Indian rupees (US$80 million).{{cite news |title=ICICI Bank sells POS business to First Data for $80 million |url=https://timesofindia.indiatimes.com/business/india-business/ICICI-Bank-sells-POS-business-to-First-Data-for-80-million/articleshow/5375107.cms |archive-url=https://archive.today/20120711105826/http://articles.timesofindia.indiatimes.com/2009-12-24/india-business/28105679_1_icici-bank-terminals-largest-private-sector-lender |url-status=live |archive-date=July 11, 2012 |access-date=2011-06-26 |work=The Times of India |date=December 24, 2009}} It also partnered with Bank of America in 2009 to form Bank of America Merchant Services.{{cite news|last1=Ensign|first1=Rachel Louise|title=Bank of America Venture Trims 10% of Staff as Part of Digital Push|url=https://www.wsj.com/articles/bank-of-america-venture-trims-10-of-staff-as-part-of-digital-push-1506449920|access-date=January 22, 2018|newspaper=The Wall Street Journal|date=September 26, 2017}}

{{anchor|Gyft}}First Data and KKR vetted more than 60 startups before, in October 2013, announcing it had acquired POS startup Clover,{{cite web|url=https://techcrunch.com/2013/10/09/first-data-quietly-buys-payments-startup-clover-launches-point-of-sale-platform-for-merchants/|title=First Data Quietly Buys Payments Startup Clover; Launches Point Of Sale Platform For Merchants|work=TechCrunch|date=9 October 2013 }} cardless mobile loyalty startup Perka,{{cite web|url=http://allthingsd.com/20131029/first-data-acquires-cardless-customer-loyalty-startup-perka/|title=First Data Acquires Cardless Customer Loyalty Startup Perka|work=allthingsd.com}} and Gyft in 2014.{{cite web|url=https://venturebeat.com/2014/07/31/first-data-enters-gift-card-business-with-gyft-acquisition/|title=Payments enabler First Data enters gift card business with Gyft acquisition|work=VentureBeat|date=July 31, 2014}}

In March 2010, Joe Forehand took over as chairman and interim CEO.{{cite web|title=First Data Corp. names Joe Forehand as interim CEO|url=http://www.denverpost.com/business/ci_14659616|website=Denver Post |date=March 11, 2010|access-date=March 5, 2015}} In September that same year, Jonathan Judge assumed those roles until his early retirement in January 2013,{{cite web|title=First Data hires Jonathan Judge as CEO|url=http://www.bizjournals.com/atlanta/stories/2010/09/27/daily28.html|website=Atlanta Business Chronicle |access-date= March 5, 2015}} after which Edward Labry covered the interim post.{{cite web|title=Ed Labry named interim CEO of First Data|url=http://www.bizjournals.com/memphis/blog/morning_call/2013/01/ed-labry-named-interim-ceo-of-first-data.html|website=Memphis Business Journal |access-date=March 5, 2015}}

=Under Frank Bisignano=

In April 2013, First Data's Board of Directors announced that former JPMorgan Chase Co-COO Frank Bisignano had been named Chief Executive Officer of the company. In March 2014, Bisignano assumed the role of Chairman.{{cite web|last1=Stewart|first1=John|title=First Data Chief Bisignano Hails New Spirit of Innovation, Asks To Be 'Graded' |url=http://digitaltransactions.net/news/story/First-Data-Chief-Bisignano-Hails-New-Spirit-of-Innovation_-Asks-To-Be-_Graded_|website=Digital Transactions |access-date=12 February 2015}} Upon taking office, Bisignano launched an equity ownership plan for all 24,000 of First Data owner-associates.{{cite news|last1=Roumeliotis |first1=Greg|title=KKR doubles down on First Data, leading $3.5 billion investment|url=https://www.reuters.com/article/firstdata-kkr-idUSL6N0P03AL20140619|website=Reuters |date=19 June 2014|access-date=12 February 2015}}

In 2014, Bisignano promoted notable additions to the company's staff, such as Sanjiv Das, Himanshu Patel, Guy Chiarello, Cindy Armine-Klein, Andrew Gelb, Adam Rosman, Carmen Menendez-Puerto, Joseph Plumeri, Christopher Augustin and Michael Manos.{{cite news|last1=Carey|first1=David|title=KKR's First Data Hires Former Citigroup Banker Gelb, Rosman|url=https://www.bloomberg.com/news/articles/2014-10-01/kkr-s-first-data-hires-former-citigroup-banker-gelb-rosman-1-|newspaper=Bloomberg.com |date=October 2014|access-date=12 February 2015}}{{cite web|last1=Miller |first1=Rich |title=Mike Manos Moves From AOL to First Data|url=http://www.datacenterknowledge.com/archives/2014/04/04/mike-manos-moves-aol-first-data/|website=Data Center Knowledge |date=4 April 2014 |access-date=12 February 2015}}{{cite web|last1=Burger|first1=Kathy|title=Impact of Chiarello's Departure on JPMorgan Chase's IT Strategy Unclear|url=http://www.banktech.com/management-strategies/impact-of-chiarellos-departure-on-jpmorgan-chases-it-strategy-unclear/d/d-id/1296385?|publisher=Banks Systems & Technology|work=InformationWeek|access-date=12 February 2015|archive-url=https://web.archive.org/web/20150212170456/http://www.banktech.com/management-strategies/impact-of-chiarellos-departure-on-jpmorgan-chases-it-strategy-unclear/d/d-id/1296385|archive-date=12 February 2015|url-status=dead}}{{cite web|title=First Data Appoints Gretchen Garrigues as Chief Marketing Officer|url=https://www.reuters.com/article/2014/06/30/ga-first-data-idUSnBw305982a+100+BSW20140630|archive-url=https://web.archive.org/web/20150212170515/http://www.reuters.com/article/2014/06/30/ga-first-data-idUSnBw305982a+100+BSW20140630|url-status=dead|archive-date=12 February 2015|website=Reuters|access-date=12 February 2015}}{{cite web|title=Christopher Augustin Joins First Data As Chief Information Officer|url=https://finance.yahoo.com/news/christopher-augustin-joins-first-data-194600143.html|website=YahooFinance|publisher=Businesswire|access-date=12 February 2015}}

In early 2014, First Data's STAR ATM Network adopted the Visa and MasterCard common application IDs for EMV-compliant debit transactions.{{cite web|last1=Heun |first1=David |title=First Data to Use Visa's Common Application ID for EMV Debit Routing|url=http://www.paymentssource.com/news/first-data-to-use-visas-common-application-id-for-emv-debit-routing-3017088-1.html|website=Payments Source |date=26 February 2014 |access-date=5 March 2015}}

Since joining, Bisignano has tried to "transform First Data into a provider of new technology for small- and medium-sized businesses". In June 2014, First Data introduced the Insightics solution for small and medium size businesses. Insightics is a cloud-based software that enables small and medium size businesses to monitor key business metrics.{{cite web|last1=Primack|first1=Dan|title=Why KKR is doubling down on First Data|url=http://fortune.com/2014/06/19/why-kkr-is-doubling-down-on-first-data/|website=Fortune |access-date=12 February 2015}}{{cite news|last1=Sender|first1=Henny|title=KKR seeks to make the numbers work at First Data|url=http://www.ft.com/intl/cms/s/0/3adee562-3d30-11e4-a2ab-00144feabdc0.html#axzz3RXONojG6|archive-url=https://ghostarchive.org/archive/20221211181213/https://www.ft.com/content/3adee562-3d30-11e4-a2ab-00144feabdc0#axzz3RXONojG6|archive-date=11 December 2022|url-access=subscription|url-status=live|website=Financial Times|date=18 September 2014|access-date=12 February 2015}} First Data created Insightics with Palantir.

In August 2014, First Data expanded its presence in Brazil with Bin, the company's acquiring solution developed specifically for the local market.{{cite web|title=First Data Launches Bin, the New Electronic Payment Solution for Brazil|url=https://finance.yahoo.com/news/first-data-launches-bin-electronic-130000161.html|website=YahooFinance|publisher=Businesswire|access-date=12 February 2015}} In September 2014, First Data announced it would provide encryption technology for Apple Pay.{{cite news|last1=Carey|first1=David|title=KKR Banks on Bisignano Forging Apple Deal at First Data|url=https://www.bloomberg.com/news/articles/2014-09-16/kkr-banks-on-bisignano-forging-apple-deal-at-first-data|newspaper=Bloomberg.com |date=16 September 2014|access-date=12 February 2015}} Apple Pay allows payment with a single touch. With its integration into First Data's STAR Network, the company became a token service provider, supporting safe POS transactions in Apple Pay. Such transactions are used in venues such as all McDonald's restaurants in the US.{{cite web|last1=Woodward|first1=Kevin|title=Payment Processors Hold Key Tokenization Role In Apple Pay|url=http://digitaltransactions.net/news/story/Payment-Processors-Hold-Key-Tokenization-Role-In-Apple-Pay|website=Digital Transactions |access-date=5 March 2015}}

In October 2014, First Data announced the Enhanced TransArmor Solution for small businesses. First Data's TransArmor Solution protects payment card data throughout the transaction process, incorporating several security and compliance products into one multi-layered solution.{{cite web|title=Enhanced TransArmor® Solution for Small Businesses Means More Protection for Customers at the Swipe|url=https://finance.yahoo.com/news/enhanced-transarmor-solution-small-businesses-140400968.html|website=YahooFinance|publisher=Businesswire|access-date=12 February 2015}}

In late 2014, First Data announced its collaboration with Capgemini to develop new solutions based on First Data's AccessPLUS and VisionPLUS products, planning to offer new technologies in the second quarter of 2015.{{cite web|last1=Macinas|first1=Melanie|title=First Data Teams up with Capgemini to Develop Next Generation Payment Solutions|url=http://paymentweek.com/2015-2-10-first-data-teams-up-with-capgemini-to-develop-next-generation-payment-solutions-6641/|website=Payment Week |date=10 February 2015|access-date=5 March 2015}} The company also announced its partnership with Verifone, wherein merchants using integrated point-of-sale systems that process payments will have a security option when using terminals made by VeriFone Systems Inc.{{cite web|last1=Woodward|first1=Kevin|title=VeriFone and First Data Team Up on Integrated POS System Security Effort|url=http://www.digitaltransactions.net/news/story/VeriFone-and-First-Data-Team-Up-on-Integrated-POS-System-Security-Effort|website=Digital Transactions |access-date=5 March 2015}} In 2015, Samsung announced its Samsung Pay mobile system in conjunction with First Data. Samsung Pay uses NFC to make payments at POS systems that accept First Data's technology.{{cite web|last1=Gokey|first1=Malarie|title=Samsung Pay will work with or without NFC — as long as you have a Galaxy S6|url=http://www.digitaltrends.com/mobile/samsung-pay-news/|website=Digital Trends |access-date=5 March 2015}}

In February 2015, First Data reported its first profitable quarter in 29 quarters since its 2007 privatization.{{cite news|last1=Sidel |first1=Robin |title=First Data Reports First Quarterly Profit in More Than Seven Years|url=https://www.wsj.com/articles/first-data-reports-first-quarterly-profit-in-more-than-seven-years-1423602902|newspaper=The Wall Street Journal|date=10 February 2015 |access-date=17 February 2015}} In July 2015, First Data acquired Transaction Wireless, a provider of gift card solutions.{{cite web|last1=Schuman |first1=Evan |title=First Data's Gift Card Deal Adds Data Power to Its Digital Offering|url=http://www.paymentssource.com/news/debit-prepaid/first-datas-gift-card-deal-adds-data-power-to-its-digital-offering-3021845-1.html|website=PaymentsSource |access-date=16 October 2015}} In September that year, First Data Corporation acquired Spree Commerce, an open source e-commerce platform. Details of the transaction were not disclosed.{{cite web|last1=Lunden|first1=Ingrid|title=First Data Buys Spree Commerce To Move Into Open Source Payments Technology|url=https://techcrunch.com/2015/09/18/first-data-buys-spree-commerce-to-move-into-open-source-payments-technology/|website=TechCrunch |date=18 September 2015 |access-date=16 October 2015}}

In the biggest U.S. IPO of 2015 according to Bloomberg, First Data planned to seek a minimum of $2.5 billion, even up to $3.2 billion (according to Bloomberg) or $3.7 billion (according to the Wall Street Journal).{{cite news|last1=Demos |first1=Telis|last2=Beilfuss |first2=Lisa |title=First Data to Raise Up to $3.7 Billion in IPO|url=https://www.wsj.com/articles/first-data-to-raise-up-to-3-68-billion-in-ipo-1443698195?mod=rss_markets_main|newspaper=Wall Street Journal |date=October 2015|access-date=16 October 2015}}{{cite news|last1=Barinka|first1=Alex|title=First Data Seeks to Raise as Much as $3.2 Billion in IPO|url=https://www.bloomberg.com/news/articles/2015-10-01/first-data-seeks-to-raise-as-much-as-3-2-billion-in-ipo|newspaper=Bloomberg.com |date=October 2015|access-date=16 October 2015}}{{cite news|last1=Barinka|first1=Alex|title=First Data Said to Seek $2.5 Billion in Year's Biggest U.S. IPO|url=https://www.bloomberg.com/news/articles/2015-09-09/first-data-said-to-seek-2-5-billion-in-year-s-biggest-u-s-ipo|newspaper=Bloomberg.com |date=9 September 2015|access-date=16 October 2015}} In October that year, First Data sold 160 million shares for $16 apiece, after offering them for $18 and $20.{{cite news|url=https://www.bloomberg.com/news/articles/2015-10-14/kkr-backed-first-data-raises-2-56-billion-in-initial-offering|title=First Data, Albertsons Revise IPO Ambitions as Investors Balk|last1=Barinka|first1=Alex|newspaper=Bloomberg.com|date=14 October 2015|access-date=15 October 2015}} It raised $2.56 billion. According to Bloomberg: "lowering First Data's debt level will be an important step for the company because it will free up money to invest in the business".{{cite news|last1=Barinka|first1=Alex|title=First Data, Albertsons Revise IPO Ambitions as Investors Balk|url=https://www.bloomberg.com/news/articles/2015-10-14/kkr-backed-first-data-raises-2-56-billion-in-initial-offering|newspaper=Bloomberg.com |date=14 October 2015|access-date=16 October 2015}}

=2016 and 2017=

First Data and Alipay announced a partnership in October 2016 to bring Alipay's mobile payment processing to the United States.[https://techcrunch.com/2016/10/24/ant-financial-partners-with-first-data-and-verifone-as-part-of-its-global-expansion/ Ant Financial partners with First Data and Verifone as part of its global expansion] TechCrunch Later in 2017, First Data and Alipay announced the implementation of the "point-of-sale" technology,[https://techcrunch.com/2017/05/09/alipay-first-data-us-point-of-sale-expansion/ Alipay, China's top mobile payment service, expands to the U.S.] TechCrunch and that Clover would be the first point-of-sale to accept the mobile payment method.[https://www.firstdata.com/en_us/about-first-data/media/press-releases/05_08_17_2.html First Data to Power Alipay in North America] First Data

In 2017 First Data announced the launch of their Integrated Solutions Group (ISG), with Edward Jackson to lead the new business segment.{{Cite web |url=http://www.pymnts.com/businesswire-feed/first-data-opens-up-the-future-of-global-commerce-with-broadened-collaboration-expanded-developer-tools/ |title=First Data Opens Up the Future of Global Commerce with Broadened Collaboration, Expanded Developer Tools |access-date=2017-07-26 |archive-url=https://web.archive.org/web/20170927000719/https://www.pymnts.com/businesswire-feed/first-data-opens-up-the-future-of-global-commerce-with-broadened-collaboration-expanded-developer-tools/ |archive-date=2017-09-27 |url-status=dead }} Later that February, First Data announced its first ISG partner, ShopKeep, a technology company that allows an iPad to be used as a cash register.[http://www.pymnts.com/news/point-of-sale/2017/first-data-expands-partnership-with-shopkeep-to-offer-clients-its-pos-tools/ First Data Expands ShopKeep Partnership] Paymnts.com In March 2017 First Data announced the acquisition of Acculynk, an ecommerce technology company focused on debit payments.[https://www.forbes.com/sites/tomgroenfeldt/2017/03/22/first-data-acquisition-expands-online-debit-capability/#793d2e6ff884 First Data Acquisition Expands Online Debit Capability] Forbes

In May 2017 First Data announced their Global PFAC product, which provided payment facilitators with access to a single integration interface.[http://www.pymnts.com/news/payment-methods/2017/first-data-launches-tools-for-gig-economy-payfacs/ First Data Launches Tools For Gig Economy PayFacs] Pymnts.com On May 29, 2017, First Data announced its plans to acquire CardConnect, a provider of payment processing which processed approximately $26 billion of volume annually, for $750 million.[https://www.nytimes.com/2017/05/29/business/dealbook/first-data-cardconnect-payment-processing.html?_r=0 Payment Processor First Data to Buy CardConnect for $750 Million] The New York Times

In June 2017, First Data launched Fraud Detect, which uses artificial intelligence and machine learning, fraud scoring, cybersecurity intelligence, and information from the "Dark Web" to identify potentially fraudulent transactions.[http://www.digitaltransactions.net/news/story/First-Data_s-New-Fraud-Detection-Tool-Features-Real-Time-Algorithm-Updating Fraud Detect] On October 20, 2017, First Data announced plans to acquire BluePay, a technology-enabled payment processor with about $19 billion in annual volume, for $760 Million.{{cite web|last1=Linnane|first1=Ciara|title=First Data to acquire BluePay for $760 million in cash|url=https://www.marketwatch.com/story/first-data-to-acquire-bluepay-for-760-million-in-cash-2017-10-20|website=MarketWatch|access-date=11 December 2017}}

= Expansion in India =

{{multiple issues|

{{advert|section|date=June 2023}}}}

First Data has the tie up with ICICI Bank,{{Cite web |last=douglasblakey |date=2010-01-20 |title=ICICI, First Data agree joint venture |url=https://www.retailbankerinternational.com/comment/icici-first-data-agree-joint-venture/ |access-date=2024-04-28 |website=Retail Banker International |language=en-US}} India's largest private bank in the dealing of merchant services, ICICI Merchant Services is proving the domestic and international Merchant account to Indian registered companies having a bank account with ICICI Bank.{{citation needed|date=June 2023}} ICICI Merchant Services with First Data is offering 3D Secure merchant services along with MOTO Machine to merchant and store to process payment by credit card.{{citation needed|date=June 2023}}

= Acquisition by Fiserv =

On January 16, 2019, First Data announced it would be acquired by Fiserv in an all stock transaction valued at $22 billion.{{Cite web |last=PYMNTS |date=2019-01-17 |title=First Data And Fiserv: $22B Payments Megadeal |url=https://www.pymnts.com/news/partnerships-acquisitions/2019/fiserv-first-data-deal-financial-services-ecommerce/ |access-date=2022-05-19 |website=www.pymnts.com |language=en-US}} The deal was scheduled to be finalized in the second half of 2019.{{Cite web|url=http://www.cutoday.info/Fresh-Today/Fiserv-to-Acquire-First-Data-in-22-Billion-Deal|title=Fiserv to Acquire First Data in $22 Billion Deal / Fresh Today / CUToday.info - CU Today|last=Systems|first=eZ|website=CUToday|language=en-US|access-date=2019-01-17}} Fiserv completed the acquisition of First Data on July 29, 2019.

Headquarters

First Data's original headquarters, where the company remained based until 1992, were in Omaha, Nebraska. They later moved their headquarters to Greenwood Village, Colorado.{{cite web|url=http://www.firstdata.com/contact.html|archive-url=https://web.archive.org/web/20000619052409/http://www.firstdata.com/contact.html|title=Contact Us|archive-date=19 June 2000|publisher=firstdata.com}}{{cite web |url=http://www.greenwoodvillage.com/common/modules/documentcenter2/documentview.aspx?DID=349 |title=City Boundary Map |publisher= City of Greenwood Village |access-date=December 9, 2009}} In 2009 First Data announced that it was moving its headquarters from Greater Denver to Atlanta.{{cite web|url=http://denver.bizjournals.com/denver/stories/2009/08/10/daily81.html|title=First Data moving HQ to Atlanta|work=Denver Business Journal}} While the official First Data headquarters are located in Atlanta, Georgia,{{cite web|url=http://files.sandysprings-ga.org/maps/SandySprings_CouncilDistricts.pdf |title=City Council Districts |website=City of Sandy Springs |access-date=July 4, 2009 |url-status=dead |archive-url=https://web.archive.org/web/20100117135736/http://files.sandysprings-ga.org/maps/SandySprings_CouncilDistricts.pdf |archive-date=January 17, 2010 }}{{cite web|url=http://www.firstdata.com/en_us/contact|title=Contact|access-date=2009-12-09|archive-url=https://web.archive.org/web/20091213133110/http://www.firstdata.com/en_us/contact|archive-date=2009-12-13|url-status=dead}} First Data's principal executive offices are in New York City.

Philanthropy

In October 2014, First Data launched First Data Salutes. First Data Salutes is the company-wide military engagement strategy aimed at helping the veteran-owned business community and service members and their families transitioning to civilian careers.{{cite web|title = (Press Release) U.S. Chamber of Commerce Foundation Announces 4th Annual Hiring Our Heroes Award Winners|url = http://www.uschamberfoundation.org/us-chamber-commerce-foundation-announces-4th-annual-hiring-our-heroes-award-winners|website = US Chamber of Commerce Foundation|date = 13 November 2014|access-date = 12 February 2015}}

In 2015, First Data made a seven-year, $7 million commitment to the Institute for Veterans and Military Families at Syracuse University to fund education, research, training, and other opportunities for transitioning veterans entering the business community.{{cite web|last1=Botnick|first1=Mark|title=First Data Chairman and CEO Frank Bisignano Announces $7 Million Partnership with the Institute for Veterans and Military Families Housed at Syracuse University|url=http://vets.syr.edu/first-data-chairman-and-ceo-frank-bisignano-announces-7-million-partnership-with-the-institute-for-veterans-and-military-families-housed-at-syracuse-university/#T0vXmBIjbhH6r12d.99|website=Syracuse University |access-date=16 October 2015}} The company was listed on DiversityInc's 25 Noteworthy Companies for 2015.{{cite web|title=DiversityInc's 25 Noteworthy Companies|url=http://www.diversityinc.com/25-noteworthy-companies/|website=DiversityInc|access-date=16 October 2015|archive-url=https://web.archive.org/web/20151022171747/http://www.diversityinc.com/25-noteworthy-companies/|archive-date=22 October 2015|url-status=dead}} In May 2017 First Data was recognized as the #1 company on the Military Times annual "Best for Vets: Employers 2017" list.[http://bestforvets.militarytimes.com/best-employers-for-veterans/2017/ Best for Vets: Employers 2017] Military Times