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November 25, 2020

On the web

How Fiserv Is Working With Google Pay And ExxonMobil To Go ‘Beyond the Buy Button’

Digital Transactions

“With digital and physical commerce melding, Fiserv Inc. intends to position its Carat platform as the engine to enable providers such as Alphabet Inc.’s Google unit and merchants to process transactions across both channels. Fiserv took a big step in that direction last week when it announced it will enable petroleum giant ExxonMobil to deliver new commerce experiences at the pump through the newly enhanced Google Pay mobile application. Fiserv plans also to drive offers through the digital wallet, says Nandan Sheth, head of global digital commerce for Fiserv.”

July 6, 2020

On the wires

ALDI Nord Moves In-Store Acquiring in Germany to Fiserv

Fiserv, Inc., a leading global provider of payments and financial services technology solutions, today announced that ALDI Nord has selected Fiserv to enable all in-store card payments across its flagship German market. In the interest of its customers, ALDI Nord, a global leader in the food industry, decided at the end of June to transfer its entire in-store acquiring volume in Germany to a new provider on short notice. In just four days, ALDI Nord and Fiserv reached an agreement, and Fiserv began processing payments for more than 2,250 ALDI Nord locations in Germany within 12 hours of the agreement being signed. Payments are processed via TeleCash from First Data GmbH, now Fiserv.”

July 31, 2019

On the web

BofA to End Payments Joint Venture With First Data Next June


Bank of America Corp. said it will end a payments joint venture with First Data Corp. next June when a contract between the two companies expires.    The firms will continue to provide delivery of products and services for existing clients through at least June 2023, but will otherwise pursue independent merchant-services strategies next year, Charlotte, North Carolina-based Bank of America said in a statement . The bank said in a filing it expects to take a charge of about $1.7 billion to $2.1 billion in the third quarter related to the planned exit, which won’t affect its capital plan.”

July 26, 2019

On the web

October 30, 2018

On the web

First Data Plans To Bring Its Popular Clover Platform to Full-Service Restaurants

Digital Transactions News

“First Data Corp. plans to further exploit its fast-growing Clover point-of-sale hardware and software platform for small and mid-sized businesses by bringing it to full-service restaurants. “Clover has always been strong in small, quick-service restaurants, but the FSR segment needs much deeper functionality and is a large addressable software market that enables Clover to increase its revenue per merchant,” First Data chairman and chief executive Frank Bisignano said Monday morning while reviewing the Atlanta-based processor’s third-quarter financial results.”

October 29, 2018

On the wires

First Data to Support Royal Bank of Scotland to Deliver Merchant Services to U.K. Businesses

“First Data (NYSE: FDC), a global leader in commerce enabling technology, announced today it has signed an agreement with Royal Bank of Scotland Group (RBSG) to provide merchant services to business customers throughout the U.K. This aligns with RBSG’s commitment to provide the very best service to its customers and will be supported by First Data’s processing and support services and market-leading Clover smart terminals.”

October 24, 2018

On the wires

First Data Launches Clover Platform in Canada

“Clover Flex is the first POS device in Canada to offer access to a third-party app market, connecting merchants with applications designed to simplify daily business tasks and support functions which are critical to business owners. The apps can sync with popular accounting programs, optimize employee management, drive customer loyalty, and more.”

September 17, 2018

On the wires

First Data Ships 1 Millionth Clover Device

“Since First Data’s acquisition of Clover five years ago, Clover’s innovative approach to point-of-sale (POS) technology has transformed how business owners manage their business needs through cloud-based development tools, lower-cost software and a more robust set of tools to help them run their operations with added efficiency and productivity. Clover has become the number one choice for small and medium sized businesses seeking to leverage sophisticated and integrated tools with a next generation POS platform, across geographies and industries.”

August 16, 2018

On the wires

August 7, 2018

On the wires

First Data and Community Brands Announce Strategic Payment Processing Technology Partnership

First Data (NYSE: FDC), a global leader in commerce-enabling technology, today announced it has entered into a strategic partnership with Community Brands, the leading provider of cloud-based software solutions for associations, nonprofits, schools and faith-based groups. Together, the two companies will integrate secure payment processing with the Community Brands association management software (AMS) solutions. The strategic integration will deliver comprehensive features, including recurring billing, account updater and other value-added functionalities to clients.”

May 9, 2018

On the web

Eye on Integrated Payments: First Data Invests in Salido While Square for Restaurants Debuts

Digital Transactions News

“First Data Corp. is betting big on integrated payments, and Square Inc. is adding a restaurant-specific point-of-sale system to capture more transactions from larger merchants. Atlanta-based First Data was one of the investors in a $12 million funding round for Salido Inc., a restaurant POS system provider, reported CNBC.com Wednesday. The site said First Data initially was interested in buying Salido and potentially adding it alongside its Clover POS system, but decided to make an investment instead.”

May 1, 2018

On the web

A Walmart Win And Burgeoning ISV Transactions Buoy First Data’s Expectations

Digital Transactions News

“Processing giant First Data Corp. said on Monday Walmart Inc. has added Star signature debit acceptance to its roster of payment options. The company also noted that its integrated payments business continues to grow. Both observations came during the Atlanta-based company’s first-quarter earnings call with equity analysts.”

March 19, 2018

On the wires

First Data Enables Alipay Acceptance at 35,000 North American Merchants

“The expanded partnership follows a May 2017 announcement unveiling First Data’s plans to integrate Alipay at the point-of-sale across four million U.S. merchant locations. The ongoing rollout includes merchants using First Data’s Clover suite of solutions. Clover, a leading point of sale platform, serves the needs of merchants ranging from food trucks and small retailers to regional coffee houses and even the largest sports stadiums.”

March 12, 2018

On the wires

February 14, 2018

On the web

First Data’s Prepaid Business Shines as Struggling Bank Joint Ventures Begin Turnaround

Digital Transactions News

“First Data Corp.’s struggling merchant-acquiring joint ventures with three big banks are showing nascent signs of a turnaround, and business is booming in the company’s prepaid card unit, top executives reported Monday. The Atlanta-based processor reported last year that new merchant referrals from its big joint ventureswith The PNC Financial Services Group Inc., Bank of America Corp., and Wells Fargo & Co. had dipped below year-earlier levels. In an early morning conference call to review fourth-quarter financial results, chief financial officer Himanshu Patel said lead flows from the joint ventures had turned slightly positive, but were “still not acceptable.””

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