First Data Q2 2017 results: Consolidated revenue reached $3.0 billion, up 3% versus the prior year period

Q2 consolidated revenue of $3.0 billion, up 3%; up 4% excluding currency impacts Q2 record total segment revenue of $1.8 billion, up 3%; up 5% excluding impacts from currency and Australian ATM divestiture Q2 net income of $185 million, up 22%; diluted EPS of $0.20, up 18% Q2 adjusted net income of $378 million, up […]

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First Data announces multiyear partnership with Martinsville Speedway as the entitlement sponsor of Monster Energy NASCAR Cup Series race

The October 29 race, part of the Monster Energy NASCAR Cup Series Playoffs, begins First Data’s three-year race entitlement at Martinsville’s famous “Paperclip” half-mile oval First Data will also deploy its Clover point-of-sale platform across three tracks owned by International Speedway Corp. (ISC) and will test other payments technology and gift card partnerships at the […]

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First Data elects Henrique De Castro to its Board of Directors

NEW YORK, 2017-Jul-27 — /EPR Retail News/ — First Data (NYSE: FDC) announced today (JULY 24, 2017) that its Board of Directors elected technology executive Henrique De Castro as a Director of First Data. The Board has also appointed De Castro to serve as a member of the Risk Committee. De Castro’s election expands First Data’s […]

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First Data acquisition of CardConnect now complete

NEW YORK, 2017-Jul-08 — /EPR Retail News/ — First Data Corporation (NYSE: FDC), a global leader in commerce-enabling technology and solutions, and CardConnect Corp., a payment processing and technology solutions provider, today (06 Jul 2017) announced the successful completion of First Data’s tender offer to purchase the outstanding shares of CardConnect common stock for $15.00 per […]

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First Data becomes the inaugural partner for Rhode Island’s smart government innovation center

Center will develop research tools for state and local governments, leveraging advanced analytics and big data NEW YORK, 2017-Jun-01 — /EPR Retail News/ — First Data (NYSE: FDC), a global leader in commerce-enabling technology, today (MAY 31, 2017) announced the company will partner with the state of Rhode Island to serve as a founding member of a […]

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First Data to acquire all outstanding shares of common stock of CardConnect for $15.00 per share in cash

CardConnect’s innovative partner management tools help improve merchant retention Capabilities accelerate First Data’s firm-wide ISV initiative Brings First Data immediate capabilities in ERP-integrated payment solutions All CardConnect tools and capabilities will be made available through First Data’s JVs, acquiring partnerships, and other distribution channels Transaction is modestly accretive to adjusted EPS before expected synergies Modest […]

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