First Data Corp. Overview
Company Headquarter: US
Founded: 1971
Workforce: ~22,000
Company Working: First Data Corp. provides commerce-enabling secure and innovative payment technology and solutions. The company operates through three business segments: global business solutions, global financial solutions, and network & security solutions. The global business solutions segment provides retail point-of-sale merchant acquiring and e-commerce services. This segment also provides next-generation offerings, such as mobile payment services, web store-in-a-box solutions, and cloud-based clover point-of-sale operating system. The network & security solutions segment provides EFT network solutions, such as STAR network and debit card processing solutions. It also offers stored value network solutions, including money network, ValueLink, Gyft, and transaction wireless; and security and fraud solutions, such as TransArmor and TeleCheck. Other services offered by the company include mobile payments, e-commerce and prepaid solutions, as well as payment processing, fraud protection and authentication solutions, online banking, check guarantee and verification services and point-of-sale services.
Strategy
First Data Corp. intends to strengthen its position through acquiring companies that strategically complement its existing businesses. These acquisitions help the company to improve its ability to innovate and deliver technology-oriented commerce solutions to its combined customer base.
