First Data Corporation successfully completes the acquisition of BluePay Holdings, Inc.

NEW YORK, 2017-Dec-04 — /EPR Retail News/ — First Data Corporation (NYSE: FDC), a global leader in commerce-enabling technology and solutions, today (DECEMBER 1, 2017) announced the successful completion of its acquisition of BluePay Holdings, Inc. from BluePay’s current owners including TA Associates and BluePay management.

BluePay is a provider of technology-enabled payment processing for merchants in the U.S. and Canada and was one of First Data’s largest distribution partners with a strong focus on software-enabled payments and Card-Not-Present transactions. It processes approximately $19 billion of annual sales volume for more than 77,000 merchants and is integrated into more than 450 software platforms. BluePay offers software integration solutions that complement those offered through First Data’s CardConnect business.

“The addition of BluePay’s integrated Card-Not-Present solutions to CardConnect’s cutting-edge ISV product suite affords First Data a unique and comprehensive offering in the high-growth integrated payments space,” said First Data Chairman and CEO, Frank Bisignano. “Importantly, this acquisition will also allow us to enhance our service offerings to our JV alliances and other distribution partners.”

BluePay CEO, Bala Janakiraman, will continue to lead BluePay operations.

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 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 BluePay

BluePay is a leading provider of technology-enabled payment processing for merchants in the United States and Canada. Through physical POS, online, and mobile interfaces, as well as CRM and ERP software integrations, BluePay processes business-to-consumer and business-to-business payments while providing real-time settlement, reporting, and reconciliation, along with robust security features such as tokenization and point-to-point encryption.

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

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

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 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