First Data’s Clover Go devices will be available on Apple.com and in Apple retail stores

  • First Data’s Clover® Go devices will be sold in U.S. Apple retail stores
  • First Data to support loyalty and gift card solutions for Apple Pay through the Clover Platform
  • Apple Pay now supported for more than one million First Data merchants

NEW YORK, 2017-Oct-24 — /EPR Retail News/ — Today (23 Oct 2017) First Data (NYSE: FDC), a global leader in commerce-enabling technology, announced new initiatives with Apple designed to broaden the distribution of First Data’s Clover® devices and accelerate the expansion and digital transformation of Apple Pay. First Data’s Clover Go device, an EMV and Apple Pay-enabled mobile card reader that gives business owners the flexibility to accept secure payments anywhere, will be available in the coming weeks on Apple.com and in Apple retail stores across the United States.

Apple Pay is transforming mobile and digital payments with easy, secure payments that are fast and convenient. First Data is supporting the further expansion of Apple Pay by enabling merchants to offer loyalty, gift, and stored value card solutions through integration with Gift Solutions and the Clover platform. This collaboration further enhances the Apple Pay user experience while boosting loyalty for the merchant.

First Data was one of the first payment technology companies to support the launch of Apple Pay. Today, more than one million of First Data’s business clients now accept Apple Pay.

“Enabling Apple Pay for our merchant clients allows us to offer our clients more forms of payment acceptance. This ensures that they can meet the evolving preferences of their customers through the secure, user-friendly experience Apple Pay delivers,” said Dan Charron, Executive Vice President, Global Business Solutions, First Data. “Apple is also giving us a great opportunity to create brand awareness for Clover Go devices, which we expect will benefit all of our sales channels.”

First Data’s Clover Go Available Soon on Apple.com and in Apple Stores

Clover Go devices, equipped with Apple Pay acceptance, will be available in the coming weeks at Apple Stores across the United States. Clover Go is a fully-integrated card reader that accepts NFC, EMV, and magnetic stripe transactions all in one sleek device. Clover Go can be used with iPhone and iPad, and it is one of the fastest devices on the market with the ability to accept EMV transactions in less than 3.5 seconds.

Backed by the power of the Clover platform, Clover Go is well suited for businesses looking for a mobile payment device that will grow alongside them. Not only can a business owner start accepting payments quickly and easily with Clover Go, but they also have access to hundreds of apps in the Clover App Market, which are all designed to help businesses run more efficiently. The Clover Go app seamlessly integrates with the full range of First Data’s Clover devices, enabling a business owner to add point-of-sale solutions as their businesses grow and their needs evolve.

Apple Pay Support for Loyalty and Gift Cards Solutions

In order to further enhance the customer experience with Apple Pay, First Data will enable Apple Pay support for loyalty and gift cards through integration with First Data’s Clover platform. As a result of the integration, more businesses offering Apple Pay can now benefit from First Data’s robust suite of gift and loyalty solutions. Developers and third party loyalty providers can also leverage the Clover platform to facilitate Apple Pay-enabled experiences for Clover merchants.

First Data’s gift and loyalty solutions are designed to establish a stronger relationship between a merchant and its customers, while incentivizing consumers to become repeat customers.

Apple Pay Now Enabled in One Million First Data U.S. Merchant Locations

First Data is also announcing today that it now supports Apple Pay transactions at more than one million merchant locations in the United States. In addition to brick-and-mortar merchants, clients accepting payments via app and on the web can now offer Apple Pay to their customers.

Online shopping in apps and on websites accepting Apple Pay is as simple as the touch of a finger with Touch ID, eliminating the need to manually fill out lengthy account forms or shipping and billing information. When paying for goods and services on-the-go in apps or Safari, Apple Pay works with iPhone 6 and later, iPhone SE, iPad Pro, iPad (5th Generation), iPad Air 2, and iPad mini 3 and later. Consumers can also use Apple Pay in Safari on any Mac introduced in or after 2012 running macOS Sierra and confirm the payment with iPhone 6 or later or Apple Watch, or with Touch ID on the new MacBook Pro.

For more information on Apple Pay, visit: http://www.apple.com/apple-pay/.

About First Data
First Data (NYSE: FDC) is a global leader in commerce-enabling technology, serving approximately six million business locations and 4,000 financial institutions in more than 100 countries around the world. The company’s 24,000 owner-associates are dedicated to helping companies, from start-ups to the world’s largest corporations, conduct commerce every day by securing and processing more than 2,800 transactions per second and $2.2 trillion per year.

Media Contact

Liidia Liuksila
212-515-0174
Liidia.Liuksila@firstdata.com

SOURCE: First Data Corporation

First Data 2017 Consumer Cybersecurity Study: baby boomers have better cybersecurity habits

  • Study examines consumer habits across generations
  • Data shows that baby boomers demonstrate more concern and diligence for cybersecurity than millennials
  • Millennials are more trusting of social media and less trusting of online banking than older generations

NEW YORK, 2017-Oct-13 — /EPR Retail News/ — As people around the world grapple with the latest news about data breaches and cyber threats, First Data (NYSE: FDC), a global leader in commerce-enabling technology, today announced the results of its 2017 Consumer Cybersecurity Study. The study examined how different generations view cybersecurity threats, and found that baby boomers generally have better cybersecurity habits and are more concerned about protecting their personal information than younger generations. The study is based on survey data from approximately 800 U.S. consumers.

“The results of the survey underline why businesses need to deploy state-of-the-art solutions to address the risk of cyber threats,” said EJ Jackson, Senior Vice President, Head of Security and Fraud Solutions at First Data. “Fraudsters are using increasingly complex schemes and not all consumers are employing best practices, but there is technology that can help businesses and financial institutions mitigate the risk.”

Baby Boomers are Better with Password Protection

The study showed that most Americans are still not overly concerned with password protection, although baby boomers are more diligent than millennials. Younger generations may be considered more tech-savvy than their parents’ generation, but according to the First Data study, a staggering 82% of millennials reuse passwords on websites and apps, and 42% will only change their passwords when forced.

On the other hand, a slightly smaller majority (70%) of baby boomers reuses passwords on websites and apps, and 32% change their password only when prompted.

Millennials Trust Social Media more than Online Banking

The study also looked at how generations think about online banking. Baby boomers have more trust in financial institutions than younger generations but less trust in social media sites. Baby boomers are also less likely to think that their method of online banking could be breached. One in five (19%) baby boomers thought it was unlikely there would be an online banking cyberattack compared to just 14% of millennials. When it comes to social media security, however, 63% of baby boomers thought social media was vulnerable to cyberattacks, while only 45% of millennials agreed with that statement.

In general, baby boomers showed more concern around current events as well. Only half (49%) of millennials have a heightened concern about their online security following recent cyberattacks, in comparison to 65% of baby boomers.

Baby Boomers Leading the Pack for Workplace Cybersecurity Practices Too

When it comes to the workplace, baby boomers generally exhibited better habits and understanding about cybersecurity than younger generations. The study found baby boomers are more likely to not only have a workplace security policy but also to actually review and execute on it as well.

Additional highlights around the workplace included:

  • 72% of baby boomers hardly ever store work-related data or files on their personal devices, compared to 69% of millennials.
  • 86% of baby boomers hardly ever download free applications or software to their work devices without consulting IT, compared to just 75% of millennials.
  • 34% of baby boomers always consider whether their online actions pose a cybersecurity risk for their workplace, compared to only 21% of millennials.
  • 82% of baby boomers think their employer has provided them with adequate training and resources to avoid cybersecurity risks at work, compared to 77% of millennials.

For more information, please visit the Security and Fraud Solutions section of First Data’s website.

About First Data

First Data (NYSE: FDC) is a global leader in commerce-enabling technology, serving approximately six million business locations and 4,000 financial institutions in more than 100 countries around the world. The company’s 24,000 owner-associates are dedicated to helping companies, from start-ups to the world’s largest corporations, conduct commerce every day by securing and processing more than 2,800 transactions per second and $2.2 trillion per year.

Media Contacts:

Hally Sheldon
Hally.Sheldon@FirstData.com
212-515-0177

Source:  FIRST DATA

First Data appoints former British Prime Minister David Cameron as the newest member of its International Advisory Board

Former British Prime Minister Will Work With Company on Expanding First Data’s International Presence

NEW YORK, 2017-Oct-11 — /EPR Retail News/ — First Data Corporation (NYSE: FDC), a global leader in commerce-enabling technology, today (06 Oct 2017) announced the appointment of former Prime Minister of the United Kingdom, David Cameron, as the newest member of the company’s International Advisory Board. In this role, he will work on strengthening First Data’s presence in key regions around the world and expanding the company’s footprint in new and existing markets.

“David Cameron is one of the world’s most well-regarded leaders and we are truly honored to have him join First Data in his capacity on our International Advisory Board,” said Frank Bisignano, Chairman and Chief Executive Officer of First Data. “The payments industry is evolving rapidly in this era of dramatic change, and as we work to strengthen and grow our presence in key markets, David Cameron’s experience and advice will be invaluable to both First Data and our global clients.”

“I am incredibly proud that during my time as Prime Minister, the United Kingdom became a global force in Fin-Tech,” said David Cameron. “I remain passionate about the opportunities that exist for British and international companies that are developing exciting technologies both for businesses and consumers – technologies that have the potential to revolutionize the way we all live our lives.

“Frank and his team at First Data have had tremendous success over the years and I am delighted to work alongside them, continuing my association with the Fin-Tech sector, and supporting First Data enhance its international presence.”

One of the most prominent global influencers of the early 21st Century, David Cameron served as Prime Minister of the United Kingdom from 2010 to 2016, leading Britain’s first Coalition Government in nearly 70 years and, at the 2015 General Election, forming the first majority Conservative Government in the UK for over two decades.

As the UK’s youngest Prime Minister in two centuries, he came to power at a moment of economic crisis. Under his leadership, the UK’s economy was transformed. The deficit was reduced by over two-thirds; one million businesses set-up; a record number of jobs were created; and Britain became the fastest-growing major advanced economy in the world.

Following Britain’s decision to leave the European Union in June 2016, something Cameron campaigned against, he stepped down as Prime Minister and Conservative Party Leader and, later that year, from Parliament. Cameron had served as Leader of the UK’s Conservative Party for eleven years from 2005 to 2016, and as Member of Parliament for the Oxfordshire constituency of Witney since 2001.

First Data’s International Advisory Board was formed in 2015 and is comprised of outstanding leaders of the global business community dedicated to expanding First Data’s growth in new and existing markets and advising company management on issues related to products, services and programs designed to help First Data clients grow their business.

About First Data

First Data Corporation (NYSE: FDC) is a global leader in commerce-enabling technology, serving approximately six million business locations and 4,000 financial institutions in more than 100 countries around the world. The company’s 24,000 owner-associates are dedicated to helping companies, from start-ups to the world’s largest corporations, conduct commerce every day by securing and processing more than 2,800 transactions per second and $2.2 trillion per year.  For more information, please visit the company’s website at www.firstdata.com.

Media Contact:

Mark Murphy
Mark.Murphy@FirstData.com
212-515-0280

Source: First Data Corporation

Apiture: First Data and Live Oak Bancshares’ digital banking joint venture

The new company, named Apiture, expands digital banking products and services for financial institutions

NEW YORK & WILMINGTON, N.C., 2017-Oct-06 — /EPR Retail News/ — First Data (NYSE: FDC), a global leader in commerce-enabling technology, and Live Oak Bancshares, Inc. (NASDAQ: LOB), today (02 Oct 2017) announced they have closed the digital banking joint venture that was announced earlier this year. The new company, named Apiture, combines First Data’s and Live Oak Bank’s digital banking platforms, products, and services, delivering innovative technology solutions tailored for financial institutions.

With Live Oak’s cloud-based banking technologies, First Data’s digital banking solutions, and the combined research and development of two global leaders in financial services technology, Apiture will accelerate the delivery of new digital banking solutions to the market.

“With the agility of a startup, and the resources of First Data and Live Oak, Apiture will provide community and regional banks with technology that matches that of the world’s largest financial institutions,” said Chris Cox, President of Apiture and former Head of Digital Banking at First Data. “We decided to call the joint venture Apiture because of the focus we have on APIs and providing an open platform to deliver best-in-class solutions to this important market.”

“We believe banking is broken in its current form, and we will continue to invest in the technologies and companies that solve the problem,” said Chip Mahan, Chairman and CEO of Live Oak Bancshares. “To that end, Apiture will play a big role in shaping the future of our industry. As a new Apiture customer, Live Oak will leverage the platform to access low-cost deposits through digital channels at scale.”

Apiture’s digital banking solutions include online and mobile platforms that make it simple for consumers and businesses to manage digital bill payments, balance inquiries, fund transfers, mobile check deposits, and more. With these solutions and services, financial institutions can provide customized online banking websites and mobile applications to their customers in a cost-effective way.

Last year, First Data introduced “Digital Banking Reimagined,” an initiative that evaluated the way consumers interact with their finances. With more than 18 months of research and development, the company launched a new digital banking user interface to simplify money management in a mobile-focused way, which will continue under the joint venture.

First Data and Live Oak Bancshares each own 50 percent of Apiture. The new company is based in Wilmington, N.C.

About First Data

First Data (NYSE: FDC) is a global leader in commerce-enabling technology, serving approximately six million business locations and 4,000 financial institutions in more than 100 countries around the world. The company’s 24,000 owner-associates are dedicated to helping companies, from start-ups to the world’s largest corporations, conduct commerce every day by securing and processing more than 2,800 transactions per second and $2.2 trillion per year.

About Live Oak Bancshares, Inc.

Live Oak Bancshares, Inc. (Nasdaq: LOB) is a financial holding company and the parent company of Live Oak Banking Company, a national online platform for small business lending.

Media Contacts:
Live Oak Bancshares, Inc.
Micah Davis
micah.davis@liveoakbank.com
910-550-2255

First Data
Hally Sheldon
Hally.Sheldon@FirstData.com
212-515-0174

Source:  First Data Corporation

CareCloud and First Data partner to launch patient experience management platform called Breeze

  • Backed by the power of First Data’s Clover® platform, Breeze transforms the interaction between the patient and practice into a digital, mobile, and modern experience
  • Breeze introduced to digital health innovators at Health 2.0 annual fall meeting

NEW YORK, 2017-Oct-06 — /EPR Retail News/ — CareCloud and First Data (NYSE: FDC) have joined forces to help medical practices engage their patients through a new patient experience management platform called Breeze. Breeze’s mobile and web apps allow patients to manage their doctors’ appointments from their smart device, fill out necessary insurance and medical forms, and manage payments anywhere, anytime. This strategic alliance brings together the power and intuitive design of CareCloud’s healthcare platform with First Data’s commerce-enabling technology.

“People want to have the same kind of technology in the doctor’s office that they are using to manage everything else in their lives, whether it’s using an app to book a dinner reservation, check in for a flight from their phone, or manage their finances,” said Ken Comée, CEO of CareCloud. “Physicians want to give their patients this kind of automated, digital experience but have been challenged with software that’s payer-centric, not patient-centric. Breeze flips medical practice technology on its head and orients all practice workflows around the patient experience — setting a new standard for visiting the doctor.”

“CareCloud has spent years honing its technological capabilities to serve the healthcare industry, and we are delighted to partner with them on this game-changing product for physicians’ offices across the country,” said Chris Foskett, Executive Vice President, Corporate and Business Development, First Data. “We are bringing to market a comprehensive healthcare solution with full payments integration, a unique product offering that has major implications for how people engage with their healthcare providers.”

Simple Patient Experience

Breeze applies consumer-centric innovations to healthcare, fundamentally transforming the interaction between a practice and its patients. The platform runs natively on First Data’s Clover® Mini and Clover® Station, iOS or Android devices, and any computer. Patients can access Breeze on any of these devices to check in, avoid wait times at the reception desk, and schedule their next appointment.

For payment, patients can view and manage existing balances on the go, using their payment method of choice, including credit, debit, mobile wallets, HSA, cash, or check. Patients also have the ability to set up partial payments or payment plans so they can pay when and how they want.

Streamlined Practice Management

In addition, by digitizing the waiting room, Breeze helps physician practices of all sizes increase productivity, revenue, and patient satisfaction while reducing administrative costs.

“From the moment that the patient walks in, they are happier, and my staff no longer has to spend time dealing with packets of registration papers. Our front office can now focus on patient care and delivering the excellent level of service that they deserve,” says Barbara Arbide, a practice manager who is using Breeze in her allergy practice in Coral Gables, FL.

Practices using Breeze have access to more than 300 curated business applications — which simplify everything from inventory management to time tracking — through the Clover® App Market. The flexibility of the platform enables CareCloud to continuously add new functionalities based on physician and patient needs. Additionally, the sleek look and feel of First Data’s Clover devices will modernize any medical practice.

CareCloud and First Data developed Breeze to meet changing consumer expectations in healthcare. According to the 1,100 patients who responded to CareCloud’s 2017 Patient Experience Index (PXI) survey, the experience outside the exam room has a significant impact on a practice’s ability to attract and keep patients.

  • Limited payment options pose a risk to providers — 34 percent of patients said they would switch doctors in order to be able to pay their bills online, and 30 percent said they would switch if they could set up payment plans.
  • Practices need help managing payment obligations — only 19 percent of patients with outstanding balances were asked to pay during their visit, and an incredible 33 percent were never asked to pay.
  • Patients want mobile appointment scheduling — 21 percent of patients said they would consider switching doctors if they could request appointments online anytime, anywhere. This number almost doubles for Millennials, 41 percent of whom would consider switching for that ability.
  • Reducing wait times boosts patient loyalty — 31 percent of patients said they would consider going to another practice for shorter wait times.

Available today, Breeze is the first CareCloud product to be developed in association with First Data, a global leader in commerce-enabling technology, and a strategic investor in CareCloud. Breeze will initially be marketed by CareCloud and a pilot group of channel partners. It will then be deployed to other First Data partners for commercialization, becoming available to the thousands of medical practices that use First Data’s Clover payments technology directly or through First Data’s channel partners and those looking to adopt Breeze in their practices.

For more information or to experience Breeze through the eyes of a consumer with a 360-degree virtual reality tour, visit carecloud.com/breeze.

About CareCloud

CareCloud is the leading provider of cloud-based revenue cycle management (RCM), practice management (PM), electronic health record (EHR), and patient experience management (PXM) solutions for high-growth medical groups. CareCloud helps clients increase financial and operational performance, streamline clinical workflows, and improve patient care nationwide. The company currently manages more than $4 billion in annualized accounts receivable on its integrated clinical and financial platform. To learn more about CareCloud: www.carecloud.com.

About First Data

First Data Corporation (NYSE: FDC) is a global leader in commerce-enabling technology, serving approximately six million business locations and 4,000 financial institutions in more than 100 countries around the world. The company’s 24,000 owner-associates are dedicated to helping companies, from start-ups to the world’s largest corporations, conduct commerce every day by securing and processing more than 2,800 transactions per second and $2.2 trillion per year.

Media Contacts:

Liidia Liuksila
212-515-0174
Liidia.Liuksila@firstdata.com

Lynn Shepherd
610-613-7263
lshepherd@carecloud.com

Source: First Data Corporation

First Data to provide secure commerce solutions for Valley National Bank merchant clients

First Data and Valley National Bank join forces to enable growth for businesses across the Valley National Bank franchise

NEW YORK, 2017-Sep-19 — /EPR Retail News/ — Today (15 Sep 2017) First Data (NYSE: FDC), a global leader in commerce-enabling technology, and Valley National Bank, the wholly-owned subsidiary of Valley National Bancorp (NYSE:VLY), announced that they have entered into a long-term agreement to provide secure commerce solutions for the bank’s merchant clients. The referral relationship will provide First Data’s cutting-edge solution suite, including First Data’s Clover platform, to Valley National Bank’s business client base across their network of more than 200 branches in New Jersey, New York, and Florida.

“Valley National Bank has a long history of providing its clients with superior service, and we are thrilled to be in business with this terrific partner,” said Chris Foskett, Executive Vice President, Head of Business and Corporate Development, First Data. “Like Valley National Bank, First Data is focused on bringing personalized service and customized solutions to our clients. We look forward to supporting Valley National Bank’s clients with our innovative solution suite.”

“We are excited about the opportunity to partner with First Data as we continue to focus on simplifying payment processing solutions for our commercial clients,” remarked Valley National Bank Senior Executive Vice President and Chief Consumer Banking Officer, Dianne Grenz. “This new relationship will help us deliver the unique and innovative solutions our business clients need to be successful in today’s global commerce industry.”

As part of the long-term deal, Valley National Bank’s merchant clients will have access to First Data’s Clover platform, a comprehensive suite of hardware and software point-of-sale solutions that supports businesses of all sizes. The platform features 300 apps designed to help businesses run more efficiently, as well as the recently-announced Clover Flex, a smart payment terminal that fits comfortably as a handheld device or on the countertop. The Clover platform also features Clover Capital, a financing solution designed to help small and mid-sized merchants meet their ongoing liquidity requirements by providing rapid access to capital.

In addition, First Data’s Clover platform allows for easy integration with software that caters to specific business segments, such as restaurants, hair salons, or specialty retailers. Through these integrations Clover can meet the unique needs of merchants across a variety of verticals. Valley National Bank will also have access to First Data’s eCommerce solution set, which includes a range of tools for everyone from local small businesses to large retailers to seamlessly accept online or mobile transactions.

For more information, visit valleynationalbank.com/clover.

About First Data

First Data (NYSE: FDC) is a global leader in commerce-enabling technology, serving approximately six million business locations and 4,000 financial institutions in more than 100 countries around the world. The company’s 24,000 owner-associates are dedicated to helping companies, from start-ups to the world’s largest corporations, conduct commerce every day by securing and processing more than 2,800 transactions per second and $2.2 trillion per year.

About Valley

Valley National Bancorp is a regional bank holding company headquartered in Wayne, New Jersey with approximately $23 billion in assets. Its principal subsidiary, Valley National Bank, currently operates over 200 branch locations in northern and central New Jersey, the New York City boroughs of Manhattan, Brooklyn, Queens and Long Island, and Florida. Valley National Bank is one of the largest commercial banks headquartered in New Jersey with Executive Offices in Manhattan and West Palm Beach. Helping communities grow and prosper is the heart of Valley’s corporate citizenship philosophy. For more information about Valley National Bank and its products and services, please visit www.valleynationalbank.com.

Media Contact:
Liidia Liuksila
First Data
212-515-0174
Liidia.Liuksila@FirstData.com

Marc Piro
Valley National Bank
973-686-5461
mpiro@valleynationalbank.com

Source: First Data

First Data helps Houston business owners get back on its feet

  • Company Rushes Free Mobile Payment Devices to Houston to Get Business Moving Again
  • More Information at www.FirstData.com/HurricaneHarveyRelief

NEW YORK & Houston, 2017-Sep-06 — /EPR Retail News/ — First Data (NYSE: FDC), a global leader in commerce-enabling technology, announced  today that it was sending thousands of its Clover® Go mobile credit and debit card readers to the Houston area to distribute free to business owners who were impacted by Hurricane Harvey. The initiative, designed to help the local economy get back on its feet, includes free device installation and discounted pricing, in addition to the free Clover Go mobile readers.

There are a number of ways that Houston-area business owners can get their hands on a free Clover Go. Beginning at 12:00 noon CDT on Sunday, September 3, First Data representatives will be staffing a command center at the JW Marriott located at 5150 Westheimer Rd, Houston, TX 77056.

Business owners who are unable to pick up their free device at the JW Marriott can also get a free device by visiting www.FirstData.com/HurricaneHarveyRelief or by calling a toll-free customer service hotline at 1-844-882-2438.

“The lessons of 9/11, Hurricane Katrina, and Superstorm Sandy remind us that one of the most crucial steps toward recovery is to help small business owners open their doors and start serving their customers,” said Frank Bisignano, Chairman and Chief Executive Officer of First Data. “Whether a business needs to replace a payment device damaged in the storm, or set up shop in a temporary location with a mobile payment reader, we hope that our efforts can help impacted businesses get up and running quickly.”

For businesses that are not currently clients of First Data, the company is offering free Clover Go devices with no setup fees and no minimum monthly fee for the next six months. Current First Data clients whose payment hardware was destroyed in the storm can receive new Clover Go devices, at no charge.

Clover Go is an EMV-enabled, mobile card reader that plugs into an iOS or Android tablet or smartphone and works with a Wi-Fi or cellular connection, allowing business owners to accept secure payments anywhere. The rechargeable battery-powered Clover Go, which fits inside the palm of a hand, allows credit or debit card payments through traditional swipes, dips, and touch transactions such as Apple Pay.

The provision of free Clover Go units to impacted business owners is just one of many ways that First Data is working with its local small and midsized clients, large retailers, financial institutions, and local organizations and authorities to speed relief to the affected area.

About First Data

First Data (NYSE: FDC) is a global leader in commerce-enabling technology, serving approximately six million business locations and 4,000 financial institutions in more than 100 countries around the world. The company’s 24,000 owner-associates are dedicated to helping companies, from start-ups to the world’s largest corporations, conduct commerce every day by securing and processing more than 2,800 transactions per second and $2.2 trillion per year.

SOURCE: First Data Corporation

Media Contacts

First Data Communications
mediarelations@firstdata.com
212-266-3569

First Data Furthers Relationship with Chip Ganassi Racing and NASCAR

CONCORD, N.C., 2017-Aug-22 — /EPR Retail News/ — Chip Ganassi Racing (CGR) announced today (AUG. 21, 2017) that First Data (NYSE: FDC), a global leader in commerce-enabling technology, will partner with Kyle Larson and the No. 42 Chevrolet SS team for two upcoming Monster Energy NASCAR Cup Series (MENCS) races at Talladega Superspeedway and Martinsville Speedway. This expands on a relationship that began last season when First Data joined Jamie McMurray and the No. 1 Chevrolet SS as a partner for the Fall Martinsville race. Additionally, First Data returns this year on McMurray’s car at Martinsville as an associate sponsor. First Data also recently announced a three-year agreement with Martinsville to be the entitlement sponsor for the track’s fall MENCS race, starting with the First Data 500 on October 29.

NOTES OF INTEREST:

  • Family Affair: While First Data will be featured on the hood of Larson’s No. 42 Chevy, its Clover point-of-sale platform and CardConnect, an advanced payment solutions system, will also be seen on the car. Each First Data brand provides tools for businesses small and large to enable commerce safely, securely and quickly.
  • Chiming In: First Data’s name will be a common sight as the MENCS Playoffs head to Martinsville. In addition to riding around the track with Larson and sponsoring the First Data 500, fans will also get to buy concessions using First Data’s Clover point-of-sale systems, which will be deployed at the track. Additionally, Clover will be used at Phoenix Raceway and Homestead-Miami Speedway.
  • Playoff Push: Larson is firmly locked into the MENCS Playoffs, and will be looking for victory lane in the No. 42 First Data Chevy at two vastly different tracks in the second and third rounds of the Playoffs. Larson currently boasts three wins with a total of ten top-two finishes; four better than the next driver, and is poised for a strong run in the Playoffs.
  • Opposites Attract: NASCAR fans will see the No. 42 First Data Chevy race at two very unique tracks. While Talladega Superspeedway is known for high speeds and full-throttle racing, Martinsville Speedway is better known for its sharp turns and hard braking. Although the speeds at Talladega and Martinsville might differ drastically, both tracks feature the close-quarter conditions that highlight these unique forms of NASCAR.

CGR QUOTEBOARD:

  • Chip Ganassi, Owner, Chip Ganassi Racing: “I am very excited to welcome First Data to an expanded role with our team. We began a relationship with First Data last season, and it’s a great to see the increased value they find in both the team and NASCAR. We look forward to providing First Data with a world class experience both on and off the track.”
  • Frank Bisignano, Chairman and CEO, First Data: “We are excited to partner with Chip Ganassi Racing and Kyle Larson to bring the No. 42 First Data Chevrolet SS to two historic race tracks. First Data sits at the nexus of global commerce, powering payments for millions of businesses around the world, and NASCAR presents a tremendous opportunity for First Data to connect with legions of racing fans. We’re looking forward to cheering on Kyle in his pursuit of a championship.”
  • Kyle Larson, Driver No. 42 First Data Chevrolet SS: “It’s great to see another new brand join our team. We’ve had such an exciting season so far, and we’re really glad to see First Data grow their relationship with the team and be a part of what’s happening at Chip Ganassi Racing. It’s also cool to see them get involved with NASCAR by sponsoring the Martinsville race. The grandfather clock there is definitely one of the most unique trophies on the circuit, and I’d love to park the First Data Chevy in victory lane and take home a clock.”

About First Data:

First Data (NYSE: FDC) is a global leader in commerce-enabling technology, serving approximately six million business locations and 4,000 financial institutions in more than 100 countries around the world. The company’s 24,000 owner-associates are dedicated to helping companies, from start-ups to the world’s largest corporations, conduct commerce every day by securing and processing more than 2,800 transactions per second and $2.2 trillion per year.

To learn more, please visit www.firstdata.com.

About Chip Ganassi Racing:

Chip Ganassi has been a fixture in the auto racing industry for over 30 years and is considered one of the most successful as well as innovative owners the sport has anywhere in the world. Today his teams include four cars in the Verizon IndyCar Series, two cars in the Monster Energy NASCAR Cup Series, two cars in the NASCAR XFINITY Series, two factory Ford GT’s in the IMSA WeatherTech SportsCar Championship, and two factory Ford GT’s in the FIA World Endurance Championship. Overall his teams have 18 championships and more than 190 victories, including four Indianapolis 500s, a Daytona 500, a Brickyard 400, seven Rolex 24 At Daytonas, the 12 Hours of Sebring and the 24 Hours of Le Mans. Ganassi boasts state-of-the-art race shop facilities in Indianapolis and Concord, N.C., with a corporate office in Pittsburgh, Pa.

For more information log onto www.chipganassiracing.com

Source: First Data

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 17%; adjusted diluted EPS of $0.40, up 14%
  • Q2 record total segment EBITDA of $786 million, up 5%; up 7% excluding impacts from currency and Australian ATM divestiture
  • Q2 cash flow from operations of $580 million; free cash flow of $448 million
  • Refinanced approximately $8.0 billion of debt since end of Q1; increased AR securitization facility at reduced rate; annual cash interest savings from these activities of approximately $50 million
  • Acquired CardConnect; signed agreement to divest Baltics business

NEW YORK, 2017-Aug-08 — /EPR Retail News/ — First Data Corporation (NYSE: FDC), a global leader in commerce-enabling technology, today (07 Aug 2017) reported financial results for the second quarter ended June 30, 2017. Consolidated revenue for the second quarter was $3.0 billion, up 3% versus the prior year period, or up 4% excluding currency impacts. Total segment revenue was $1.8 billion for the quarter, up 3% versus the prior year period, or up 5% excluding the impacts from currency and the divestiture of the Australian ATM business that occurred at the end of the third quarter of 2016.

Net income attributable to First Data for the second quarter of 2017 was $185 million, or $0.20 per diluted share. This represents a 22% increase from the second quarter of 2016 net income of $152 million, or an 18% increase in net income per diluted share from $0.17 in the prior year period.

Adjusted net income, which modifies net income for items such as debt extinguishment charges, stock-based compensation, amortization of acquisition intangibles, restructuring costs and other items, was $378 million, or $0.40 per diluted share. This represents a 17% increase from the second quarter of 2016 adjusted net income of $323 million, or a 14% increase in adjusted net income per diluted share from $0.35 in the prior year period. The increase was primarily driven by improved operating results and lower interest expense.

Total segment earnings before interest, taxes, depreciation, and amortization (total segment EBITDA) in the second quarter 2017 was $786 million, up 5% versus the prior year period, or up 7% excluding impacts from currency and the Australian ATM divestiture. Total reported segment EBITDA margin improved 100 basis points to 42.5% in the quarter.

“The second quarter delivered record quarterly revenue and earnings as we continue to see good new business momentum and improved customer retention across our business segments,” said First Data Chairman and CEO Frank Bisignano. “As we enter the latter half of 2017, we are focused on initiatives to continue the momentum across our global businesses, maintaining an appropriate balance between investing and managing costs, while also driving improved cash flow. We reiterate our full-year 2017 and medium-term financial guidance,” Bisignano added.

Segment Results

Global Business Solutions (GBS)

Second quarter 2017 GBS segment revenue was $1.1 billion, up 3% versus the prior year period, or up 5% excluding the impacts from currency and the Australian ATM divestiture. Within geographic regions, North America revenue of $826 million was up 1% versus the prior year period as growth in non-JV revenue was partly offset by an anticipated decline in JV revenue. EMEA revenue was $140 million, flat versus the prior year, or up 6% excluding currency impacts, primarily driven by growth in the United Kingdom and Germany. Latin America revenue was $64 million, up 56%, or up 60% excluding currency impacts, driven by strong results in Brazil and Argentina.  APAC revenue was $36 million, down 12%, or up 13% excluding impacts from currency and the Australian ATM divestiture, primarily driven by growth in India.

Second quarter 2017 GBS segment expenses were $583 million, down 1% versus the prior year period, or up 1% excluding the impacts from currency and the Australian ATM divestiture.

Second quarter 2017 GBS segment EBITDA was $483 million, up 8% versus the prior year period, or up 9% excluding impacts from currency and the Australian ATM divestiture. Segment EBITDA margin improved 210 basis points to 45.3% in the quarter.

Global Financial Solutions (GFS)

Second quarter 2017 GFS segment revenue was $402 million, up 2% versus the prior year period, or up 4% excluding currency impacts. Within geographic regions, North America revenue of $233 million was down 1%, as growth in processing revenue was more than offset by a decline in card personalization revenue. North America GFS card accounts on file grew 6% year over year. EMEA revenue was $110 million, up 2%, or up 10% excluding currency impacts, primarily driven by internal growth and new business primarily in the United Kingdom. Latin America revenue was $34 million, up 10%, or up 14% excluding currency impacts, driven by growth in Argentina and Colombia.  APAC revenue was $25 million, up 25%, or up 24% excluding currency impacts, primarily driven by growth in Australia.

Second quarter 2017 GFS segment expenses were $235 million, flat versus the prior year period, or up 2% excluding currency impacts.

Second quarter 2017 GFS segment EBITDA was $167 million, up 4% versus the prior year period, or up 7% excluding currency impacts. Segment EBITDA margin improved 100 basis points to 41.5% in the quarter.

Network & Security Solutions (NSS)

Second quarter 2017 NSS segment revenue was $381 million, up 4% versus the prior year period. Stored Value revenue grew low-double digits, Security and Fraud revenue grew low single digits, and EFT revenue was flat.

Second quarter 2017 NSS segment expenses were $201 million, up 1% versus the prior year period.

Second quarter 2017 NSS segment EBITDA was $180 million, up 8% versus the prior year period. Segment EBITDA margin improved 180 basis points to 47.2% in the quarter.

Cash Flow

In the second quarter 2017, cash flow from operations was $580 million, up $58 million compared to $522 million in the prior year period. Free cash flow, which the Company defines as cash flow from operations less capital expenditures, distributions to minority interests and other, was $448 million in the current quarter, up $140 million compared to $308 million in the prior year period, primarily driven by lower cash interest payments and improved operating results.

Capital Structure

Total borrowings at June 30, 2017 were reduced to $18.3 billion, from $18.5 billion at December 31, 2016. Net debt at June 30, 2017 declined $304 million to $17.9 billion, from $18.2 billion at December 31, 2016.

As previously disclosed, in April 2017, the Company closed on a new term loan totaling $4.2 billion with an interest rate of LIBOR plus 250 basis points maturing in April 2024. The proceeds of the term loan were used to redeem a $4.2 billion term loan with an interest rate of LIBOR plus 300 basis points maturing in March 2021.

In June 2017, the Company closed on a new term loan totaling $3.8 billion with an interest rate of LIBOR plus 225 basis points maturing in July 2022. The proceeds of the term loan were used to redeem $3.8 billion of U.S. and euro-denominated term loans with interest rates ranging from LIBOR plus 300 basis points to LIBOR plus 325 basis points.

On June 28, 2017, the Company entered into an amendment to its Receivable Financing Agreement. The amendment increased the borrowing capacity of the facility from $240 million to $600 million, reduced the interest rate from LIBOR plus 200 basis points to LIBOR plus 150 basis points, and extended the termination date from January 2019 to June 2020.

The aggregate annualized cash interest savings derived from the above transactions is approximately $50 million.

CardConnect Acquisition

As previously disclosed, on July 6, 2017, the Company announced the successful completion of First Data’s tender offer to purchase the outstanding shares of CardConnect Corp. common stock. CardConnect’s results will be consolidated in the results of First Data’s GBS business as of July 6, 2017.

Divestiture

On July 25, 2017, First Data entered into an agreement to divest all of its businesses in the Baltics (Lithuania, Latvia and Estonia) for €73 million (approximately $85 million). The deal is expected to close in the third quarter of 2017. The businesses were reported within the GFS segment.

Innovation

First Data continues to invest in innovation to differentiate itself as a leader in commerce-enabling solutions. Below are examples of innovative solutions that the company introduced during the second quarter:

•      Clover Flex – First Data’s latest addition to the Clover family can be used as a handheld device or on the countertop. Clover Flex is fully integrated into the Clover platform and can accept PIN entry, NFC, mag stripe, EMV and electronic gift cards. Flex is perfect for the service-based merchant that wants to take the checkout experience to the customer.

•      Local Payments – First Data’s new online payments solution that powers cross-border global commerce around the world. Local Payments allows merchants to manage up to 195 local payment options online through a single interface.

•      Global PFAC – First Data’s solution for payment facilitators around the globe allows a payment facilitator to achieve global scale through a single integration interface. Global PFAC enables payment facilitators to easily authorize transactions in more than 150 currencies worldwide, and settle in 17 currencies, as well as providing a robust range of other services.

•      Business Activity Monitor – First Data’s new operational monitoring solution for issuing clients, which enables financial institutions to easily access and monitor their customers’ transaction activity and track the operational health of their portfolios in real-time.

•      Fraud Detect – First Data’s latest comprehensive solution to help merchants around the world detect fraudulent activity. Fraud Detect uses artificial intelligence and machine learning, fraud scoring, cybersecurity intelligence, and information from the dark web to help merchants detect fraudulent in-store, at the pump, online, mobile and in-app transactions before they occur.

Non-GAAP Measures

To supplement the Company’s consolidated financial statements presented in accordance with generally accepted accounting principles, or GAAP, the company uses non-GAAP measures of certain financial performance. These non-GAAP measures include total segment revenue, total segment expense, total segment EBITDA, total segment EBITDA margin, adjusted net income, adjusted net income per diluted share, free cash flow and net debt. The company has included non-GAAP measures because management believes that they help to facilitate comparisons of the company’s operating results between periods. The company believes the non-GAAP measures provide useful information to both management and users of our financial statements by excluding certain expenses, gains and losses that may not be indicative of its core operating results and business outlook. In disclosing year-over-year comparisons, the company has chosen to present non-GAAP measures because it believes that these measures provide users of our financial statements a consistent basis for reviewing the company’s performance across different periods.

These non-GAAP measures are not in accordance with, or an alternative to, measures prepared in accordance with GAAP and may be different from non-GAAP measures used by other companies. In addition, these non-GAAP measures are not based on any comprehensive set of accounting rules or principles. Non-GAAP measures have limitations in that they do not reflect all of the amounts associated with the company’s results of operations as determined in accordance with GAAP. These measures should only be used to evaluate the company’s results of operations in conjunction with the corresponding GAAP measures.

Reconciliation to the most directly comparable GAAP measure of all non-GAAP measures can be found in the tables included in this press release.

The company excludes certain items and other adjustments from total segment revenue, total segment expense, total segment EBITDA, total segment EBITDA margin, adjusted net income and adjusted net income per diluted share. See reconciliations for a complete list of items excluded from non-GAAP measures.

Adjusted net income is a non-GAAP financial measure used by management that provides additional insight on performance. Adjusted net income excludes amortization of acquisition-related intangibles, stock-based compensation, restructuring costs and other items affecting comparability and, therefore, provides a more complete understanding of continuing operating performance. Management believes that the presentation of adjusted net income provides users of our financial statements greater transparency into ongoing results of operations allowing them to better compare our results from period to period.

The company uses free cash flow, a non-GAAP measure. Free cash flow is defined as cash flow used in/provided by operating activities less capital expenditures, distributions to minority interest, and other. The company considers free cash flow to be a liquidity measure that provides useful information to management and users of our financial statements about the amount of cash generated by the business which can then be used to, among other things, reduce debt outstanding.

The company also uses net debt, a non-GAAP measure. Net debt is defined as total long-term borrowings plus short-term and current portion of long-term borrowings, at par value, excluding lines of credit used for settlement purposes, less cash and cash equivalents. The company believes that net debt provides additional insight on its level and management of leverage.

Certain revenue measures in this release are presented excluding the estimated impact of foreign currency changes (constant currency). To present this information, monthly results in the current period for entities reporting in currencies other than United States dollars are translated into United States dollars at the average exchange rates in effect during the corresponding month of the prior fiscal year, rather than the actual average exchange rates in effect during the current fiscal year. Once translated, each month in the period is added together to calculate the constant currency current period results. The company believes that revenue growth is a key indication of how First Data is progressing from period to period and the non-GAAP constant currency financial measure is useful to investors, lenders and other creditors because such information enables them to measure the impact of currency fluctuations on the company’s revenue from period to period.

Investor Conference Call

The company will host a conference call and webcast on Monday, August 7, 2017, at 8 a.m. ET to review the second quarter 2017 financial results.

To listen to the call, dial +1 (844) 826-3033 (U.S.) or +1 (412) 317-5172 (outside the U.S.) at least 10 minutes prior to the start of the call. The call will also be webcast on the “Investor Relations” section of the First Data website at investor.firstdata.com along with a slide presentation to accompany the call.

A replay of the call will be available through September 7, 2017, at +1 (877) 344-7529 (U.S.) or +1 (412) 317-0088 (outside the U.S.); passcode 10109727 and via webcast at investor.firstdata.com.

Please note: Other than the replay, First Data has not authorized, and disclaims responsibility for any recording, replay or distribution of any transcription of this call.

About First Data

First Data Corporation (NYSE: FDC) is a global leader in commerce-enabling technology, serving approximately six million business locations and 4,000 financial institutions in more than 100 countries around the world. The company’s 24,000 owner-associates are dedicated to helping companies, from start-ups to the world’s largest corporations, conduct commerce every day by securing and processing more than 2,800 transactions per second and $2.2 trillion per year.

Contact:

Peter Poillon
Investor Relations
First Data
212-266-3565
Peter.Poillon@firstdata.com

Liidia Liuksila
Public Relations
First Data
212-515-0174
Liidia.Liuksila@firstdata.com

Source: First Data Corporation

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 Martinsville’s First Data 500 race

NEW YORK and MARTINSVILLE, Va., 2017-Aug-04 — /EPR Retail News/ —First Data (NYSE: FDC), a global leader in commerce-enabling technology, announced Wednesday it will enter into a three-year agreement, running through 2019, with Martinsville Speedway to be the entitlement sponsor of the fall Monster Energy NASCAR Cup Series race, starting with the First Data 500, on October 29. In addition, First Data’s Clover platform, a business management and point-of-sale payments solution, will be deployed at three International Speedway Corporation tracks this season: Martinsville, Phoenix Raceway, and Homestead-Miami Speedway.

The half-mile speedway, known for its unique layout and iconic grandfather clock trophy, has given race fans 70 years of excitement since opening in 1947. “The Paperclip,” as it’s often referred to, is the only speedway on the original 1949 NASCAR schedule that continues to host the sport’s top series today.

“Martinsville Speedway is a legendary race track, and Clay Campbell and his team have been terrific partners for First Data as we add our payments solutions to the NASCAR experience for the benefit of race fans,” said First Data Chairman and CEO Frank Bisignano. “We can’t wait for the fall race to host our clients and partners, many of whom are die-hard race fans, and see the First Data 500 logo proudly displayed on the infield and all around the property.”

“It’s really exciting to have First Data come on board for a multiyear partnership with Martinsville Speedway, as the entitlement sponsor of our fall race,” Martinsville Speedway President Clay Campbell said. “It’s great to see First Data use Martinsville Speedway and NASCAR as the platform to expand their brand and create a deeper public understanding of how their technology is at the heart of transactions around the world.”

Having the Clover platform at International Speedway Corporation tracks is the next step in expanding First Data’s footprint in the sports world, which already includes placement in stadiums and arenas across the country.

Clover offers several different devices, including Clover Mobile and the recently-launched Clover Flex. Clover is designed to safely and securely accept a variety of payment methods, offering increased flexibility to customers. Clover offers an array of apps that simplify business operations, including data and analytics tools that help businesses of all sizes better understand the needs of their customers.

Clover can be used by a wide range of businesses, from neighborhood shops to large businesses. Recently, stadiums and arenas across the country have implemented Clover devices to improve the fan experience. Now, Clover devices will enable commerce at some of the most storied race tracks in the country, including Martinsville.

“Having First Data choose Martinsville as the platform in which they showcase their brand and products is exciting for all of us at ISC,” Executive Vice President, Chief Development Officer and Chief Digital Officer for International Speedway Corporation Craig Neeb said. “NASCAR racing offers them the opportunity to not only get in front of fans, but also help build relationships with Fortune 500 companies across the globe.”

The First Data 500 is the first race in the Round of 8 of the Monster Energy NASCAR Cup Series Playoffs. If the winning driver is in the Playoffs, he or she would be the first to clinch a spot in the Championship race at Homestead-Miami Speedway. Last fall, Jimmie Johnson won his ninth grandfather clock, on the way to winning his record-tying seventh NASCAR Cup Series championship.

Tickets for the First Data 500 are on sale and may be purchased by calling 877.RACE.TIX or online at www.martinsvillespeedway.com.

About First Data

First Data (NYSE: FDC) is a global leader in commerce-enabling technology and solutions, serving approximately six million business locations and 4,000 financial institutions in more than 100 countries around the world. The company’s 24,000 owner-associates are dedicated to helping companies, from start-ups to the world’s largest corporations, conduct commerce every day by securing and processing more than 2,800 transactions per second and $2.2 trillion per year.

About Martinsville Speedway

Founded in 1947 by the late H. Clay Earles, Martinsville Speedway is only track which has hosted Monster Energy NASCAR Cup Series races every year since the division’s inception in 1949. At .526 miles in length, Martinsville Speedway is the shortest track on the Monster Energy NASCAR Cup Series circuit, and offers some of the most exciting and close-quarters racing in the sport. The track is also one of the most modern, with high-rise aluminum chair back seating, corporate and fan suites and state-of-the-art facilities for the media. Now owned by International Speedway Corporation, Martinsville Speedway conducts three major race event weekends each year. The track annually hosts the STP 500 and the First Data 500 Monster Energy NASCAR Cup Series races, the Alpha Energy Solutions 250 and Texas Roadhouse 200 presented by Alpha Energy Solutions NASCAR Camping World Truck Series races and the ValleyStar Credit Union 300 NASCAR’s biggest, richest and most prestigious Late Model Stock Car race.

For more information about Martinsville Speedway, visit www.martinsvillespeedway.com.

CONTACT:

Martinsville Speedway
Brooks Taylor
276-956-7202
bbtaylor@martinsvillespeedway.com

First Data
Liidia Liuksila
212-515-0174
Liidia.Liuksila@FirstData.com

Source: First Data

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 Board from eight members to nine.

“We are very pleased to have Henrique join First Data’s Board of Directors,” said First Data Chairman and CEO Frank Bisignano. “As First Data continues to innovate and expand its offerings to our millions of business owner clients and thousands of financial institution clients around the world, Henrique’s experience and vast knowledge of the global digital and mobile marketplace will be invaluable assets to our board,” Bisignano added.

De Castro, who has held senior leadership positions at Google Inc., Dell, and McKinsey & Company, most recently served as COO at Yahoo! Inc. While at Google from 2006 to 2012, De Castro served in roles including President of Global Media, Mobile & Platforms and President of Partner Business Worldwide. During his tenure, De Castro helped build the company’s Media, Mobile & Platforms Business into the world’s leading digital business. He also helped launch Google’s Media and Mobile operations in more than 40 countries and was instrumental in several of the company’s largest acquisitions. Earlier in his career, De Castro was Director of Sales and Business Development for Dell in Western Europe and served as a management consultant with McKinsey & Company.

“First Data has made enormous strides over the last several years and is poised for further growth as a world leader in commerce-enabling technology,” said De Castro. “I am honored to join First Data’s Board and work with Frank Bisignano and my colleagues as we help clients around the world grow their business and, in the process, increase shareholder value,” De Castro added.

De Castro also serves on the Board of Directors of Target Corporation and is an advisor to Cantor Fitzgerald. De Castro earned a Bachelor Degree in Business from the Instituto Superior de Economia e Gestão in Lisbon, Portugal and a Master of Business Administration degree from IMD in Lausanne, Switzerland.

About First Data

First Data (NYSE: FDC) is a global leader in commerce-enabling technology and solutions, serving approximately six million business locations and 4,000 financial institutions in more than 100 countries around the world. The company’s 24,000 owner-associates are dedicated to helping companies, from start-ups to the world’s largest corporations, conduct commerce every day by securing and processing more than 2,800 transactions per second and $2.2 trillion per year.

Contacts:

Mark Murphy
Public Relations
212-515-0280
Mark.Murphy@firstdata.com

Peter Poillon
Investor Relations
212-266-3565
Peter.Poillon@firstdata.com

Source: First Data

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 share in cash. The tender offer expired one minute after 11:59 p.m., Eastern Time, on July 5, 2017.

First Data subsequently completed the acquisition of the remaining CardConnect shares of common stock not acquired in the tender offer through a merger pursuant to Section 251(h) of the General Corporation Law of the State of Delaware. As a result, CardConnect is now a wholly-owned subsidiary of First Data and CardConnect shares will no longer be traded on the NASDAQ.

“We are thrilled with the acquisition of CardConnect and the opportunity to partner with Jeff Shanahan and his team and to integrate and expand the innovative products and skills that they bring to First Data,” said First Data Chairman and CEO, Frank Bisignano. “This acquisition allows us to improve our service offerings for our JVs and other distribution partners, accelerate our integrated solutions strategy, and enter the ERP integration business.”

As of the expiration of the tender offer, 22,987,356 shares were validly tendered and not validly withdrawn in the tender offer, representing approximately 72 percent of CardConnect’s outstanding shares of common stock, according to the depositary for the tender offer. Notices of Guaranteed Delivery were delivered with respect to 499,747 additional shares, representing approximately 2 percent of CardConnect’s outstanding shares of common stock, according to the depositary. First Data has accepted for payment and expects to promptly pay for all validly tendered (and not validly withdrawn) shares.

All CardConnect shares of common stock that were not validly tendered have been converted into the right to receive $15.00 per share in cash, without interest and less any applicable withholding taxes, the same price paid in the tender offer.

CardConnect CEO Jeff Shanahan will continue to lead CardConnect operations and will serve as an Executive Vice President and as a member of First Data’s Management Committee, reporting to Frank Bisignano.

CardConnect and First Data’s merchant acquiring businesses will be consolidated in First Data’s financial statements starting in the third quarter of 2017, but CardConnect will continue to operate under its own brand and will remain headquartered in King of Prussia, PA.

About First Data

First Data (NYSE: FDC) is a global leader in commerce-enabling technology and solutions, serving approximately six million business locations and 4,000 financial institutions in more than 100 countries around the world. The company’s 24,000 owner-associates are dedicated to helping companies, from start-ups to the world’s largest corporations, conduct commerce every day by securing and processing more than 2,800 transactions per second and $2.2 trillion per year.

About CardConnect

CardConnect is an innovative provider of payment processing and technology solutions, helping more than 67,000 organizations – from independent coffee shops to iconic global brands – accept billions of dollars in card transactions each year. Since its inception in 2006, CardConnect has developed advanced payment solutions backed by patented, PCI-certified point-to-point encryption (P2PE) and tokenization. The company’s small-to-midsize business offering, CardPointe, is a comprehensive platform that includes a powerful reporting and transaction management portal which extends to a native mobile app. CoPilot is a centralized business management tool to help distribution partners manage their business. For enterprise-level organizations, CardSecure integrates omni-channel payment acceptance into several ERP systems – such as Oracle, SAP, JD Edwards and Infor M3 – in a way that minimizes PCI compliance requirements and lowers transaction costs.

First Data Contacts:

Peter Poillon
Investor Relations
First Data
212-266-3565
Peter.Poillon@firstdata.com

Liidia Liuksila
Public Relations
First Data
212-515-0174
Liidia.Liuksila@firstdata.com

Source: First Data Corporation

First Data strengthens position as a market leader in global eCommerce with the introduction of Local Payments Solution

  • New online payments solution offers greater flexibility and reach for businesses around the world
  • Strengthens First Data’s position as a market leader in global eCommerce 

NEW YORK, 2017-Jun-29 — /EPR Retail News/ — The rise of global commerce is creating an increasingly borderless economy, and businesses need to provide the payment method their customers prefer, regardless of regional and cultural preferences. To meet this growing need, today First Data (NYSE: FDC), a global leader in commerce-enabling technology, announced the availability of the First Data® Local Payments solution, which will provide digital businesses and their customers with access to 195 local payment options when fully implemented.

Even in a global, always-on digital economy, payment methods have remained largely regional and country specific. Trust and security concerns, cultural preferences, technological limitations, and political restrictions influence purchasing methods, which vary extensively around the world.

With First Data’s Local Payments solution, a merchant can manage varying online payment methods through a single interface, using a single collection model. Now, a retailer can easily enable a customer in Europe who wants to use a mobile wallet or a customer in Latin America who prefers making electronic cash payments. Local Payments facilitates numerous payment methods, including real-time online banking, direct debit, cash/voucher payments, payment wallets, payout schemes, and more.

“There has been a significant increase in cross-border shopping in recent years, and while geography is no longer a transactional barrier for eCommerce, payment methods can be a hurdle. Today, 57% of global consumers shop across international borders, and separate reports have indicated that as many as half of these people may end a sale if their payment choice is not offered,” said Shane Fitzpatrick, global head of eCommerce at First Data. “First Data’s Local Payments solution empowers businesses to accept payments in the methods their customers prefer, all through a single-source provider, no matter where they are located.”

Around the world, many people do not have access to banking services, which can pose challenges for cross-border transactions. Local Payments provides greater flexibility for payment acceptance, supporting consumer choice. The solution enables businesses to accept payments from their customers in the method they choose, whether they have a bank account or not. Adding Local Payments through a single integration represents a sales uplift opportunity for merchants.

The introduction of Local Payments expands First Data’s robust eCommerce portfolio. First Data now offers a range of solutions for businesses of all sizes, including the recently-announced Global PFAC Program for payment facilitators and the company’s cutting edge Fraud Detect Solution.

Earlier this year, First Data acquired Acculynk, a technology company with unique debit routing capabilities that help merchants reduce their total cost of payment acceptance. First Data’s eCommerce portfolio is available across the First Data client landscape, from multinational corporations to sole proprietors operating online stores.

For more information on First Data’s eCommerce portfolio, or to learn more about the Local Payments Solution, please visit Local Payments. If you are attending Money 20/20 Europe this week, please visit First Data at booth G36 to learn more about Local Payments and our eCommerce solutions. First Data’s vice president of eCommerce product, Peter O’Halloran, will also be presenting on Local Payments at Money 20/20 on Wednesday, June 28.

About First Data

First Data (NYSE: FDC) is a global leader in commerce-enabling technology and solutions, serving approximately six million business locations and 4,000 financial institutions in more than 100 countries around the world. The company’s 24,000 owner-associates are dedicated to helping companies, from start-ups to the world’s largest corporations, conduct commerce every day by securing and processing more than 2,800 transactions per second and $2.2 trillion per year.
SOURCE: First Data Corporation
Media Contact
Aimee Ertley
First Data
404-890-2684

Fraud Detect: First Data launches comprehensive fraud solution for merchants around the world

  • Fraud Detect strengthens line of defense for eCommerce, universal commerce, mobile, in-store, and at the pump fraudulent transactions
  • Leverages artificial intelligence and machine learning for real-time fraud scoring
  • In pilot test, Fraud Detect significantly reduced fraud risk for merchants

NEW YORK, 2017-Jun-02 — /EPR Retail News/ — First Data (NYSE: FDC), a global leader in commerce-enabling technology, today (JUNE 1, 2017) announced the launch of Fraud Detect, a comprehensive fraud solution for merchants around the world. Fraud Detect leverages artificial intelligence and machine learning, fraud scoring, cybersecurity intelligence, and information from the Dark Web to provide merchants with the capability to detect fraudulent in-store, at the pump, online, mobile, and in-app transactions before they occur.

Each year, First Data powers trillions of dollars of transactions around the world, including $2.2 trillion in 2016. Using artificial intelligence, Fraud Detect analyzes those vast datasets to identify fraud and potential chargebacks. In parallel, Fraud Detect incorporates data from the Dark Web, a collection of websites that exist on an encrypted network, to enhance the power of the solution with information that would otherwise only be viewed by cybersecurity experts.

In a recent pilot, Fraud Detect identified and prevented fraud that was undetected by other solutions in the market. Overall, merchants in the pilot saw lower false positive rates and an 80% improvement in identifying fraudulent transactions before they occurred. Fraud Detect also scored and assessed transactions in less than half a second.

Fraud Detect is available for businesses of all sizes and is applicable to a wide variety of industries, including retailers, restaurants, petroleum companies, and service providers.

“With Fraud Detect, our clients have seen an unprecedented reduction in fraud risk, while increasing payment acceptance and creating a better customer experience,” said Steve Petrevski, Senior Vice President, Security and Fraud Solutions at First Data. “First Data is giving clients an unparalleled line of defense across all commerce channels, allowing these businesses to enhance the way they interact with their own customers.”

Fraud Detect includes:

  • Dynamic, real-time machine learning so clients can respond quickly to evolving threats
  • World-class, enhanced, customized solutions for mid-market and enterprise businesses
  • A “turnkey” solution for small businesses to implement enterprise-quality solutions
  • Ability to customize settings to tailor to business needs
  • A reporting and analytics dashboard with near real-time analysis
  • Consultative client support to assist with implementation and training
  • Managed services offerings including fraud analysts and fraud program management

One key area for Fraud Detect is eCommerce. According to Aite Group, eCommerce fraud is expected to reach $5.9 billion by 2020, nearly double what it amounts to today. Consequently, merchants seeking to expand their businesses across online and mobile channels are increasingly vulnerable to eCommerce fraud risk.

“As consumers demand frictionless shopping experiences, clients are increasingly turning to First Data to enhance customer engagement with universal commerce,” said Shane Fitzpatrick, Global Head of eCommerce at First Data. “We are able to help our clients move into new channels and offer unique commerce functions, while helping to mitigate their security and fraud risk.”

“Merchants are expanding into new commerce channels, and they want technology solutions that protect their customers and reduce their exposure to false declines, chargebacks, and fraud,” said Julie Conroy, Research Director at Aite Group. “The technologies behind Fraud Detect and First Data’s ability to identify fraudulent transactions in real time will provide significant value to businesses around the world.”

In recent years, First Data has made significant enhancements and investments to its fraud and security offerings. With its unique internal alignment across the cybersecurity and security and fraud teams, clients benefit from the combined assets and resources of all of the businesses. Fraud Detect adds to First Data’s expansive fraud and security portfolio, which includes TransArmor for tokenization and encryption, EMV point-of-sale devices, including the Clover hardware and software solution suite, and the DefenseEdge product suite for financial institutions.

For more information about Fraud Detect, please visit our website.

About First Data

First Data (NYSE: FDC) is a global leader in commerce-enabling technology and solutions, serving approximately six million business locations and 4,000 financial institutions in more than 100 countries around the world. The company’s 24,000 owner-associates are dedicated to helping companies, from start-ups to the world’s largest corporations, conduct commerce every day by securing and processing more than 2,800 transactions per second and $2.2 trillion per year.

Media Contacts:
Liidia Liuksila
First Data
212-515-0174
Liidia.Liuksila@FirstData.com

Source: First Data

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 Providence-based smart government innovation center. The center will be the first such research partnership of its kind for First Data, and will leverage innovative research developed with the state’s leading educational institutions to address evolving needs in the public sector for data-driven policy design.

First Data will be the inaugural partner for the center, and it is expected that more for-profit organizations will join the effort. The center, to be located in Providence’s College Hill neighborhood, is expected to employ approximately 30 staff members, consisting of full time research faculty, graduate fellows, and student interns recruited from the State’s local universities. Talent for the center will be staffed through partnerships with local educational institutions and led by experts in each respective research area.

The center will primarily focus on research that addresses emerging issues in public and fiscal policy research. This will include the development of analytical tools that leverage proprietary and public financial data to assist in revenue estimating, consumer behavior forecasting, budget development, policy design, and innovation in digital commerce.

Among the institutions First Data will work with to develop data-driven innovative policy solutions is the Rhode Island Innovative Policy Lab (RIIPL) at Brown University – a state-of-the-art research lab with more than 30 behavioral economists, data scientists, and policy analysts dedicated to unlocking the power of data and science to improve policy, alleviate poverty, and increase economic opportunity.

“At First Data, we are committed to driving forward the future of commerce. This partnership will give us access to the best and brightest minds from within Rhode Island’s borders, building on years of research and development experience at First Data,” said Frank Bisignano, Chairman and CEO, First Data. “Governor Raimondo’s statewide government innovation and policy research initiatives, combined with Rhode Island’s role as an academic hub in New England, uniquely positions the state as a location for the center.”

“Rhode Island has maintained a long history of regional leadership in finance. Now, Rhode Island is partnering with the industry leader in commerce technology, First Data, to drive the latest solutions for government innovation,” said Governor Gina Raimondo. “We are excited to be a part of this new initiative that pairs some of our best resources with First Data’s expertise.”

The global market for predictive analytics and big data is expected to grow radically in the next three years. Estimates from the International Data Corporation predict the market will grow from US$130.1 billion as of 2016 to a projected $203 billion by 2020. The smart government center will leverage First Data’s expertise within the FinTech industry and its premier data and analytics capabilities to produce research and analytical tools with government applications. The tools developed by the center will be designed for eventual use by other local and state government agencies through pilot programs.

The placement of the center in Providence provides a distinct geographic advantage. Providence serves as a financial hub for the surrounding region, with many companies and banks that maintain a major presence in the city. Rhode Island is also home to Brown University’s Watson Institute for International and Public affairs and the recently-founded Government Innovation League, a government incubator founded under the Raimondo administration. The smart government innovation center would help to develop tools for agencies across all levels of government, with the goal of producing an impact that would be felt at the local and national level.

First Data’s Government Solutions group offers a unique combination of government program experience and technology expertise to help government organizations meet the demand for lower costs, as well as more efficient and effective government service.

About First Data

First Data (NYSE: FDC) is a global leader in commerce-enabling technology and solutions, serving approximately six million business locations and 4,000 financial institutions in more than 100 countries around the world. The company’s 24,000 owner-associates are dedicated to helping companies, from start-ups to the world’s largest corporations, conduct commerce every day by securing and processing more than 2,800 transactions per second and $2.2 trillion per year.

Media Contact:
Liidia Liuksila
212-515-0174
Liidia.liuksila@firstdata.com

Source: First Data

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 impact on leverage; medium-term deleveraging objective remains intact

NEW YORK AND KING OF PRUSSIA, PA,, 2017-May-30 — /EPR Retail News/ —First Data Corporation (NYSE: FDC), a global leader in commerce-enabling technology and solutions, and CardConnect Corp. (NASDAQ: CCN), a technology-oriented commerce solutions provider, announced today (29 May 2017) that they have entered into a definitive merger agreement for First Data to acquire all of the outstanding shares of common stock of CardConnect for $15.00 per share in cash. The transaction is expected to be modestly accretive to First Data’s adjusted EPS in the first full year post-closing, before expected synergies.

CardConnect is an innovative provider of payment processing and technology solutions and is one of First Data’s largest distribution partners. It processes approximately $26 billion of volume annually from about 67,000 merchant customers which are served by CardConnect’s large base of distribution partners.

“This transaction is consistent with our strategy of integrating and scaling innovative technologies across our distribution footprint to better serve our partners and customers,” said First Data Chairman and CEO, Frank Bisignano. “CardConnect is a long-standing First Data distribution partner and we are excited to incorporate their state-of-the-art solutions across some of our most important strategic initiatives such as partner-centric distribution, integrated payments, and enterprise payments solutions.”

“We are thrilled with the opportunity for CardConnect to partner with an organization that has the world class capabilities of First Data,” said CardConnect President and CEO, Jeff Shanahan. “This transaction improves our ability to innovate and deliver leading technology-oriented commerce solutions to our combined customer base. In addition, we believe our growth trajectory improves with First Data’s breadth of products and its powerful distribution network.”

Transaction Terms
Under the terms of the definitive merger agreement between the parties, a subsidiary of First Data will commence a tender offer to acquire all of the outstanding CardConnect common stock for a purchase price of $15.00 per share in cash, followed by a merger in which each share of CardConnect common stock not tendered will be converted into the right to receive $15.00 per share in cash. The aggregate transaction value is approximately $750 million, including repayment of CardConnect’s outstanding debt and the redemption of CardConnect’s preferred stock. First Data intends to fund the transaction with a combination of cash on hand and funds available under existing credit facilities.

The merger agreement has been unanimously approved by CardConnect’s Board of Directors. In addition, CardConnect shareholders holding approximately 40% of CardConnect common stock have entered into tender and support agreements agreeing to tender their shares of common stock into the tender offer and support the transaction. The transaction is subject to the tender of a majority of the outstanding shares of CardConnect common stock as well as other customary closing conditions, including expiration of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976. The parties expect the transaction to close in the third quarter of 2017.

Allen & Company LLC acted as the exclusive financial advisor to First Data and Weil, Gotshal & Manges LLP acted as its legal advisor. Financial Technology Partners LP and FTP Securities LLC (collectively, “FT Partners”), served as exclusive financial and strategic advisor to CardConnect, and Wachtell, Lipton, Rosen & Katz acted as CardConnect’s legal advisor.

Conference Call and Webcast
The companies will host a conference call and webcast to review the transaction on Tuesday, May 30, 2017 at 8 a.m. ET. To listen to the call, dial +1 (844) 826-3033 (U.S.) or +1 (412) 317-5172 (outside the U.S.). The call will also be webcast on the Investor Relations section of the First Data and CardConnect websites at investor.firstdata.com and investors.cardconnect.com, along with a slide presentation to accompany the call.

A replay of the call will be available through July 12, 2017, at +1 (877) 344-7529 (U.S.) or +1 (412) 317-0088 (outside the U.S.); passcode 10108324, and via webcast at investor.firstdata.com and investors.cardconnect.com.

About First Data
First Data (NYSE: FDC) is a global leader in commerce-enabling technology and solutions, serving approximately six million business locations and 4,000 financial institutions in more than 100 countries around the world. The company’s 24,000 owner-associates are dedicated to helping companies, from start-ups to the world’s largest corporations, conduct commerce every day by securing and processing more than 2,800 transactions per second and $2.2 trillion per year.

About CardConnect
CardConnect (NASDAQ: CCN) is an innovative provider of payment processing and technology solutions, helping more than 67,000 organizations – from independent coffee shops to iconic global brands – accept billions of dollars in card transactions each year. Since its inception in 2006, CardConnect has developed advanced payment solutions backed by patented, PCI-certified point-to-point encryption (P2PE) and tokenization. The company’s small-to-midsize business offering, CardPointe, is a comprehensive platform that includes a powerful reporting and transaction management portal which extends to a native mobile app. CoPilot is a centralized business management tool to help distribution partners manage their business. For enterprise-level organizations, CardSecure integrates omni-channel payment acceptance into several ERP systems – such as Oracle, SAP, JD Edwards and Infor M3 – in a way that minimizes PCI compliance requirements and lowers transaction costs.

Additional Information and Where to Find It
The tender offer for the outstanding shares of CardConnect (the “Company”) referenced in this communication has not yet commenced. This announcement is for informational purposes only and is neither an offer to purchase nor a solicitation of an offer to sell shares of the Company, nor is it a substitute for the tender offer materials that First Data Corporation and its acquisition subsidiary will file with the U.S. Securities and Exchange Commission upon commencement of the tender offer. At the time the tender offer is commenced, First Data and its acquisition subsidiary will file tender offer materials on Schedule TO, and the Company will file a Solicitation/Recommendation Statement on Schedule 14D-9 with the SEC with respect to the tender offer. The tender offer materials (including an Offer to Purchase, a related Letter of Transmittal and certain other tender offer documents) and the Solicitation/Recommendation Statement will contain important information. Holders of shares of the Company are urged to read these documents when they become available because they will contain important information that holders of the Company securities should consider before making any decision regarding tendering their securities. The Offer to Purchase, the related Letter of Transmittal and certain other tender offer documents, as well as the Solicitation/Recommendation Statement, will be made available to all holders of shares of the Company at no expense to them. The tender offer materials and the Solicitation/Recommendation Statement will be made available for free at the SEC’s web site at www.sec.gov. Additional copies may be obtained for free by contacting First Data, 225 Liberty Street, 29th Floor, New York, New York 10281, Attention: Investor Relations.

In addition to the Offer to Purchase, the related Letter of Transmittal and certain other tender offer documents, as well as the Solicitation/Recommendation Statement, First Data and the Company file annual, quarterly and special reports and other information with the SEC. You may read and copy any reports or other information filed by First Data or the Company at the SEC public reference room at 100 F Street, N.E., Washington, D.C. 20549. Please call the SEC at 1-800-SEC-0330 for further information on the public reference room. First Data’s and the Company’s filings with the SEC are also available to the public from commercial document-retrieval services and at the website maintained by the SEC at http://www.sec.gov.

Cautionary Statement Regarding Forward-Looking Statements
This communication contains forward-looking information relating to First Data and the proposed acquisition of CardConnect by First Data that involves substantial risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Forward-looking statements in this communication include, among other things, statements about the potential benefits of the proposed acquisition; First Data’s and CardConnect’s plans, objectives, expectations and intentions; the financial condition, results of operations and business of First Data and CardConnect; industry, business strategy, goals and expectations concerning First Data’s and CardConnect’s market position, future operations, future performance and profitability; and the anticipated timing of closing of the acquisition. Risks and uncertainties include, among other things, risks related to the satisfaction of the conditions to closing of the acquisition (including the failure to obtain necessary regulatory approval) in the anticipated timeframe or at all, including uncertainties as to how many CardConnect stockholders will tender their shares in the tender offer and the possibility that the acquisition does not close; the occurrence of any event, change or other circumstance that could give rise to the termination of the Merger Agreement, including in circumstances which would require First Data or CardConnect to pay a termination fee or other expenses; risks related to the potential impact of the announcement or consummation of the proposed transaction on First Data’s or CardConnect’s important relationships, including with employees, suppliers and customers; disruption from the transaction making it more difficult to maintain business and operational relationships; negative effects of this announcement or the consummation of the proposed acquisition on the market price of First Data’s or CardConnect’s common stock and on First Data’s or CardConnect’s operating results; significant transaction costs; the risk of litigation and/or regulatory actions related to the proposed acquisition; the possibility that competing offers will be made; and risks related to the ability to realize the anticipated benefits of the acquisition, including the possibility that the expected benefits from the proposed acquisition will not be realized or will not be realized within the expected time period. Other factors that may cause actual results to differ materially include those that will be set forth in the Schedule TO, Schedule 14D-9 and other tender offer documents filed by First Data, Merger Sub and CardConnect. Many of these factors are beyond First Data’s and CardConnect’s control. A further description of risks and uncertainties relating to First Data and CardConnect can be found in their Annual Reports on Form 10-K for the fiscal year ended December 31, 2016 and in their subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, all of which are filed with the SEC and available at www.sec.gov. Unless otherwise required by applicable law, each of First Data and CardConnect disclaims any intention or obligation to update forward-looking statements contained in this communication as the result of new information or future events or developments.

Contact:

First Data Contacts
Peter Poillon
Investor Relations
First Data
212-266-3565
Peter.Poillon@firstdata.com

Liidia Liuksila
Public Relations
First Data
212-515-0174
Liidia.Liuksila@firstdata.com

CardConnect Contacts
Joe Hassett
Gregory FCA Communications
610-228-2110
joeh@gregoryfca.com

Source: First Data Corporation

First Data becomes preferred provider of cybersecurity and payment processing solutions to NCR’s customers in the grocery, petroleum and convenience store industries

  • Agreement establishes First Data as preferred payments technology provider for NCR in grocery, petroleum and convenience store industries
  • NCR becomes First Data’s preferred ATM and services provider, including enterprise license for NCR CxBanking software

DULUTH, Ga. and NEW YORK, 2015-11-16 — /EPR Retail News/ — First Data (NYSE: FDC), a global leader in commerce-enabling technology and solutions, and NCR Corporation (NYSE: NCR), the global leader in consumer transaction technologies, have entered into a strategic commercial agreement. First Data will be a preferred provider of cybersecurity and payment processing solutions to NCR’s customers in the grocery, petroleum and convenience store industries. NCR will be a preferred provider of ATM hardware and services to First Data’s client base of more than 4,000 financial institutions. The two industry leaders will also pursue co-development of integrated commerce technology solutions for U.S. merchant clients.

“As respective leaders in payments and consumer transaction technologies across multiple industries, First Data and NCR are uniquely positioned to add customer value through a holistic consumer experience from the initiation of a transaction to its completion,” said Bill Nuti, Chairman and CEO, NCR Corporation. “We believe this new relationship will help drive revenue growth, reduce costs, and improve security for our customers. As payment security continues to drive decision-making among CIOs and CTOs, NCR and First Data’s unique payment security software will create a winning combination for retailers.”

“We are focused on partnering with NCR to bring integrated technology solutions, including payment acceptance, security, business intelligence, and digital gift card software, to clients in the petroleum, grocery and convenience store industries,” said Guy Chiarello, President, First Data. ”Merchants around the world are concerned with cybersecurity and data protection, and our collaboration with NCR enables us to offer best-in-class security to a broad range of businesses through our TransArmor solution.

Solutions for Grocery, Petroleum and Convenience Store Businesses

The strategic partnership will encompass payment card acceptance and technology solutions for clients in the grocery, petroleum and convenience store sectors. First Data will become a preferred partner of NCR and its value-added resellers in the U.S.

First Data and NCR will also collaborate to develop a payments security infrastructure that includes First Data’s TransArmor® Data Protection integrated with NCR Epsilon and Connected Payments® Gateway, which provides a secure routing technology delivered as a Software-as-a-Service solution. First Data’s TransArmor solution provides powerful payment card security that combines encryption with random-number tokenization technology. With TransArmor, payment card data is protected at every transaction stage, reducing the risk of data breach as well as the scope and costs of PCI compliance.

In addition, the companies will jointly explore opportunities to package their respective payment solutions and value-added services to deliver unique capabilities to their clients.

Solutions for Financial Institutions

Under the agreement, as a preferred provider, First Data will offer NCR’s industry-leading ATM hardware and services to First Data’s client base of more than 4,000 financial institutions. The agreement includes an enterprise license for NCR CxBanking software – such as APTRA applications and NCR Kalpana – allowing First Data to deliver highly accessible and differentiated consumer experiences.

Every second, more than 6,000 transactions around the world are being run through NCR hardware and software. NCR is the global leader in ATM technology and more than $1.134 trillion in cash moves through NCR ATMs each year.

The financial terms of the deal were not disclosed.

About First Data
First Data is a global leader in commerce-enabling technology and solutions, serving approximately six million business locations and 4,000 financial institutions in 118 countries around the world. The company’s 23,000 owner-associates are dedicated to helping companies, from start-ups to the world’s largest corporations, conduct commerce every day by securing and processing more than 2,300 transactions per second and $1.9 trillion per year.

About NCR Corporation
NCR Corporation (NYSE: NCR) is the global leader in consumer transaction technologies, turning everyday interactions with businesses into exceptional experiences. With its software, hardware, and portfolio of services, NCR enables more than 550 million transactions daily across retail, financial, travel, hospitality, telecom and technology, and small business. NCR solutions run the everyday transactions that make your life easier.

NCR is headquartered in Duluth, Georgia with over 30,000 employees and does business in 180 countries. NCR is a trademark of NCR Corporation in the United States and other countries.

Web sites: www.ncr.com
Twitter: @NCRCorporation
Facebook: www.facebook.com/ncrcorp
LinkedIn: www.linkedin.com/company/ncr-corporation
YouTube: www.youtube.com/user/ncrcorporation

News Media Contacts

Jeff Dudash
NCR Public Relations
770.212.5091
jeff.dudash@ncr.com

Liidia Liuksila
First Data Public Relations
212.515.0174
Liidia.liuksila@firstdata.com

SOURCE: NCR Corporation

Wincor Nixdorf to demonstrate how retailers deliver seamless omnichannel experience for consumers at EuroCIS 2015 in Düsseldorf

Paderborn, Germany, 2015-2-3 — /EPR Retail News/ — At EuroCIS 2015 in Düsseldorf, Wincor Nixdorf will show how its combination of hardware, software and professional services helps retailers deliver a seamless omnichannel experience for consumers. In this context, the company will also provide information on the latest version of its retail software suite TP.net 5.5.

According to a study by First Data (First Data 2013 Global Universal Commerce Consumer Tracker Study), around 60 percent of customers gather information online before making purchases in stores. In addition, research from business advisory firm Deloitte suggests that consumers who shop between various online, mobile and traditional channels spend significantly more per transaction compared to customers that only shop in a store.

When consumers leverage multiple channels to conduct purchases, they expect a consistent shopping experience across each channel. Against this backdrop, seamlessly integrating mobile, online and in-store systems remains one of the biggest IT challenges facing traditional brick-and-mortar retailers today. The ability to master this challenge will determine the long-term winners and losers in the retail space.

At EuroCIS, Wincor Nixdorf will therefore demonstrate how retailers can align their IT structures to connect online and offline commerce. And Wincor Nixdorf will showcase new mobile POS technologies that bring all sales-relevant data and information to the fingertips of store employees, to help them respond to consumer inquiries with the touch of a button or complete transactions anywhere in the store.
“In order to deliver a consistent shopping experience across any consumer channel, retailers not only have to link up their customer databases and various points of sale, but they also need to unify their back-end processes,” said Dr. Bernd Bueker, who is responsible for the IT specialist’s retail business in the D-A-CH region. “Our TP.net software suite is currently used by retailers in more than 70 countries to address these issues.” Wincor Nixdorf’s TP.net software forms the cornerstone of a true omnichannel platform. It provides retailers with seamless connectivity for applications across multiple channels, including customer loyalty programs, intelligent rules-based pricing and promotions, advanced checkout concepts and back-end functions for the management of store networks. The latest version of the software suite features a new customer relationship management component that provides real-time interaction with consumers on all channels, including social media touch-points.

TP.net 5.5 is part of Wincor Nixdorf’s comprehensive, modular TP Application Suite, which addresses the entire range of sales-related processes required by large, international retailers. The TP Application Suite consists of a series of integrated software applications that have been installed in over 200,000 POS systems worldwide. On the back-end side, the TP Application Suite seamlessly organizes cross-channel order processing, item availability checks and the handling of cash and non-cash payments. And Wincor Nixdorf ensures support for its solutions around the world through its closely-meshed delivery and service network.

Further details on the modular software architecture, graphical user interface and implementation of the suite will be made available during EuroCIS at stand C26 in Hall 9.

Visitors should also pencil in two presentations that Wincor Nixdorf will hold at the trade fair:

Retail goes mobile – the store’s digital transformation
Speaker: Mike Werder
February 24, 2015, 12:00 – 12:30 p.m. in the EuroCIS Forum (Hall 10, D04)

Ready for omnichannel retailing? Creating customer experiences, optimizing store processes
Speaker: Thomas Haas
February 25, 2015, 11:30 a.m. – 12:00 p.m. in the Multichannel Forum (Hall 9, F59)