NXP Semiconductors
CardWeb.com’s CardData database of Company Profiles today features NXP Semiconductors.
First Data Raises Private Placement for Debt Consolidation
First Data has received commitments to purchase approximately $3.5 billion of its common equity in a private placement to strengthen the company’s balance sheet through repaying portions of its debt. The $3.5 billion comprising the private placement announced today includes $1.5 billion from existing investors and $2.0 billion from new investors, including a diverse group of pension funds, mutual funds, asset managers and wealthy individuals. KKR provided approximately $1.2 billion, including $500 million from its 2006 Fund and $700 million from its balance sheet. Upon close of the transaction, KKR’s balance sheet will have approximately $1.0 billion invested in First Data’s equity, through general partner and limited partner interests.
First Data Names New Vice Chairman
First Data announced its Board of Directors has named Joseph J. Plumeri vice chairman. Plumeri was appointed to the First Data Board of Directors and as a senior advisor to KKR in August 2013. Since then he also has been serving as senior advisor to First Data Chairman and CEO Frank Bisignano, and as the head of First Data’s client delivery, innovation and marketing organization. He will continue in these roles.Since joining First Data, Plumeri has played a pivotal role in the company’s transformation from a transaction processor to a payments technology company and solutions provider to merchants and financial institutions. Plumeri has spearheaded company-wide efforts to become more client-centric, including realigning how the company delivers solutions to and serves its global and strategic accounts, national merchants and enterprise clients, financial institutions, small business clients, bank partners and agents and ISO clients. Plumeri was chairman and chief executive officer of Willis Group Holdings, plc before joining First Data. Appointed in 2000,
First Data Adds Latest Board Member
First Data Chairman announced Heidi G. Miller has joined its Board of Directors. Miller was president of JPMorgan International, a division of JPMorgan Chase & Co. Before that she served as CEO of JPMorgan Chase’s Treasury and Security Services, leading 35,000 people in 50 countries. Miller also served as executive vice president and chief financial officer for Bank One Corporation. She has held other CFO positions including at the Travelers Group and later at Citigroup. She graduated from Princeton University with a bachelor’s degree in history and completed her doctorate in history at Yale University in 1979.
Mozido Appoints Former First Data Head Chairman
Mozido announced today that it has received the first $30 million of a committed $70 million round of financing led by a Boston-based investment advisor with assets under management of over $500 billion. This funding will allow Mozido to accelerate its growth both organically and through strategic acquisitions. The announcement brings total funding of the company to over $100 million with participation from Brentwood Investments, TomorrowVentures, Atlanticus Corporation and Bob Turner personally of Turner Investments.
First Data Announces Latest to Board of Directors
Joseph J. Plumeri is joining the Board of Directors of First Data, a KKR portfolio company. Having served 12 years as Willis Group chairman and CEO and as its non-executive chairman through July 2013, Plumeri strengthened Willis’ position as one of the world’s leading insurance brokers through industry-sector-leading organic growth and operating margins, strategic expansion, and a return to public ownership in 2001. Prior to joining Willis, Plumeri had a 32-year career at Citigroup and its predecessor companies. As CEO of Citibank North America, he led the integration of the consumer businesses at Citicorp and Travelers Group. He also served as chairman and CEO of Travelers Primerica Financial Services, vice chairman of the Travelers Group, and president and managing partner of Shearson Lehman Brothers.
First Data Reports Full Year 4Q/09 Fiscals
First Data has reported consolidated revenue for 4Q/09 up 12% to $2.6 billion, primarily driven by the
formation of the Bank of America Merchant Services alliance. Adjusted Revenue increased 1% for the quarter
due mainly to growth in International Segment Revenue helped by a weaker U.S. dollar. Meanwhile, adjusted
earnings before interest, taxes, depreciation and amortization (EBITDA) were $530 million compared to
$645 million for the year ago period. For the full year, consolidated revenue was up 6% to $9.3 billion while Adjusted Revenue declined 7% thanks to lower revenue in the Retail and Alliance Services segment and the stronger U.S. dollar. For 2009, Adjusted EBITDA was $2.1 billion compared to $2.6 billion for 2008, unfavorably impacted by the weaker economy, a stronger U.S. dollar and lower royalty revenues. The full-year net loss attributable to First Data was $1.1 billion, which includes after-tax interest expense of $1.1 billion. For complete details on First Data’s third quarter performance visit CardData (www.carddata.com).
First Data Appoints Chairman and Interim CEO
First Data Corporation has appointed board member Joe Forehand as chairman and interim CEO. Most recently chairman and CEO of Accenture where he spent 34 years of his career, Forehand served as Accentureâs CEO from November 1999 through August 2004 and as Accentureâs chairman from 2001-2006. He is currently a senior advisor at KKR and prior to that served as chairman and CEO at Accenture from November 1999 through August 2004 and as chairman from 2001-2006. He led Accenture through a period of significant change and growth â including launching one of the largest global rebranding campaigns. In July 2001, Forehand led the company in its IPO, one of the largest in U.S. history. During Forehandâs term as CEO, Accenture grew from $9.6 billion in revenue and 66,000 employees to $13.7 billion in revenue and 103,000 employees.
BAMS Alliance Drives FDC’s Q3 Revenue Up
First Data posted a 13% gain in consolidated third quarter revenue of
$2.44 billion, driven by the new Bank of America Merchant Services
alliance. However, the Financial Services Segment revenue was off 11% to
$339 million. The International Segment generated revenue of $415
million, down 10%. The Retail and Alliance Services Segment reported
revenue of $798 million, down 4% over 3Q/08. But, reimbursable debit
network fees soared by 41% to $719.5 million, offsetting the declines in
the other segments. During the quarter, Financial Services renewed 131
contracts in the quarter including a significant contract with GE. Also,
First Dataâs International segment signed a long-term global agreement
with Barclays to provide technology for card issuing.
Additionally, First Data and RSA announced a new service called “First
Data Secure Transaction Management.” Bank of America Merchant Services
is First Dataâs largest merchant acquiring alliance and was established
in June 2009 after the extension of similar alliances with Wells Fargo
and PNC in recent quarters. For complete details on First Data’s third
quarter performance visit CardData (www.carddata.com)
FDC EXECS
First Data has hired Kevin Schultz, formerly global head of Visa
Processing Services for Visa, as president of its Financial Services
business segment. Also, John Elkins, formerly a senior advisor to
McKinsey & Company, as chief marketing officer. Schultz responsibilies
include Card Issuing, Debit Services, the STAR Network, Output Services,
Government and Education Markets, and analytic and decision services
products. Elkins will be responsible for global marketing and brand
development. First Data also announced that Henry Kravis and Joe
Forehand were appointed as new members to its board of directors.
Kravis is the co-founder, co-chairman and co-CEO of Kohlberg Kravis
Roberts & Co. Forehand retired as chairman of Accenture in 2006 after
more than 30 years with the firm.
First Data Hires Financial Services Exec & New CMO
First Data has hired Kevin Schultz, formerly global head of Visa Processing Services for Visa, as president of its Financial Services business segment. Also, John Elkins, formerly a senior advisor to McKinsey & Company, as chief marketing officer. Schultz responsibilies include Card Issuing, Debit Services, the STAR Network, Output Services, Government and Education Markets, and analytic and decision services products. Elkins will be responsible for global marketing and brand development. First Data also announced that Henry Kravis and Joe Forehand were appointed as new members to its board of directors.
Kravis is the co-founder, co-chairman and co-CEO of Kohlberg Kravis Roberts & Co. Forehand retired as chairman of Accenture in 2006 after more than 30 years with the firm.
POCIT
Communications provider Aricent has entered into a joint partnership to develop Tradebridge’s “Pocit” mobile banking application. The “Pocit” application, allows anyone with a credit card or bank account to make payments directly from the mobile application via a cell phone without having to know the recipient’s specific banking details. Once registered with “Pocit”, a user can receive, send, request and store money. In December 2008 the company launched Pocit Money which is similar to a shopping voucher; it allows money to be stored in the phone for multiple uses. Pocit Elect is a world first for elections, based on the model used by Barack Obama and his team, Pocit Elect takes the idea of cellphone fundraising for political parties further by giving a single sms number for donating to any one of multiple political parties.