Payments News

On The Web

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Companies

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, […]
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Companies

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

“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 […]
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Companies

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

“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 […]
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Companies

Fiserv-First Data Deal Set to Close

“Fiserv expects its $22 billion purchase of First Data Corp. to close on Monday after clearing regulatory requirements. “We’ve received all required regulatory approvals and plan to close the transaction on July 29,” Jeffery Yabuki, Fiserv’s president and CEO, told analysts in an earnings conference call this week.”

On The Wires

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Companies

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 […]
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Companies

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.”
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Companies

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 […]
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Companies

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 […]
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