In Other News: TALLY (funding); RADIAL (apps); APRIVA (FDC); and NFC FORUM (event). TALLY – Tally, a financial technology company that provides a credit card management app, announced it has secured a $15 million Series A round led by Shasta Ventures, bringing its total raise to $17 million. This round includes existing investors AITV, Silicon…
First Data’s (FDC) huge $1.2 billion loss in the fourth quarter is history as the 1Q/16 loss logged in at a mere $56 million. FDC posted 1Q/16 revenue of $2.8 billion, up 3% year-on-year (YOY) or up 5% on a currency adjusted (FX) basis. For the first quarter, the net loss includes the impact of…
CardFlash News Briefs: ALLIED (IPO); SYNAPTICS (Nok Nok); VINDICIA (BBC); and TCF (FDC).
CardFlash News Briefs: FDC (NCR); Nuspay (Nepal); ALLIED WALLET (j2Store); and AMEX (UAE).
HKT, 33 Finance and HNA Transforex each inked multi-year agreements with First Data to enable mobile payment services, prepaid transaction card systems and issuing and processing services, respectively.
First Data expects to raise $3.7 billion in its initial public offering. The deal involves 160 million shares of its Class A common stock. The initial public offering price is expected to be between $18.00 and $20.00 per share.
First Data supports Samsung Pay, now available for in-store use in the USA. Samsung Pay will be accepted across First Data’s point-of-sale devices, including the innovative Clover family of business management solutions. First Data’s STAR Network, the largest independent debit network, will also support Samsung Pay.
First Data launching Android Pay collaborator supporting the new service for in-store transactions. First Data will provide processing solutions for Android Pay that ensure a safe, secure transaction at the point of sale, enabling payment with a single, contactless tap.
First Data (FDC) is acquiring digital gift card pioneer Transaction Wireless (TWI), the San Diego-based enterprise digital gift card distribution platform. First Data now provides its gift card clients, distributors, partners and resellers a fully integrated, comprehensive physical and digital gift card program.
First Data will support its clients’ integration of Apple Pay, which is transforming mobile payments with an easy, secure and private way to pay, when it launches in the UK next month.
First Data reported its Merchant Solutions segment revenue for Q1/15 was $888 million, up 4% year-on-year (YOY), adversely impacted by 1% due to the sale of Electronic Funds Source (EFS). Merchant acquiring revenue increased 6% YOY due to transaction growth and revenue from the Company’s merchant suite of solutions.
First Data inked an extended agreement with Sam’s Club to improve member access to First Data solutions and technologies. The deal will also aim to help members to understand the EMV migration.