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 […]

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 […]