SimplyTapp & Diebold are continuing to securely connect the digital and physical worlds of cash with a secure, white-label mobile wallet offering.
Europe’s leading beauty retailer is partnering with the first European cross-channel payment solution. Douglas perfumeries will initially integrate Yapital in all 450 stores in Germany by November
Global processing powerhouse First Data had a busy year with nine contract extensions, a new German contract, and expanded nine partnerships. FDC also introduced three new products: Clover Station, VisionPLUS Flex, and Go Daddy Payment Solutions, plus upgraded a number of existing products. FDC also acquired Perka and took 100% ownership of JV. The Company also had three CEO’s during 2013 and received two major awards. Annual revenues also increased slightly in 2013, after two level years.
Kilowatt Credit Union selected First Data for debit processing services. Having joined the Star Network, signing a multi-year agreement under which STAR will provide PIN-secured debit point-of-sale (POS) and ATM access to its cardholders, Kilowatt Credit Union serves the employees and families of Alliant Energy Corporation and its subsidiaries. The League has had a relationship with First Data for debit processing services for more than a decade. STAR EFT networks has more than 2 million retail and ATM locations, and a First Data company. First Data is a global leader in electronic commerce and payment processing.
Austin Telco Federal Credit Union inked a multi-year agreement joining the Star Network, which will provide PIN-secured debit POS and ATM access to the credit union’s members. With more than $1 billion in assets, Austin Telco serves members throughout the five-county Austin metro area. STAR is one of the nation’s leading electronic funds transfer (EFT) networks, with more than 2 million retail and ATM locations, and a subsidiary of First Data payment processing.
USAePay has fully integrated with the First Data North processing platform, complimenting its existing support for the First Data Nashville platform to offer merchants access to its services and solutions. USAePay is especially pleased to have added support for PIN debit and Level III corporate card purchasing. USAePay supports a full range of eCommerce (card not present), Retail (card present) and recurring billing features. This integration effort is a continuation of USAePay’s commitment to provide merchants and service providers with the widest range of solutions.
Spokane Teachers Credit Union of Spokane, Wash., has joined the STAR® Network, signing a multi-year agreement under which STAR will provide PIN-secured debit point-of-sale (POS) and ATM access to STCU’s cardholders. With more than $1.6 billion in assets, STCU serves members throughout Washington, as well as Kootenai and Bonner counties in Idaho, with 15 branch…
First Data Corporation electronic commerce and payment processing and SunTrust Banks renewed their merchant services partnership, SunTrust Merchant Services. The joint venture currently serves more than 67,000 merchant locations and processes more than $29 billion in card volume every year. First Data will continue managing day-to-day operations, risk management and merchant sales activities, while SunTrust will continue to build upon the growth of the business through its client-facing channels, including its retail branch network of more than 1,650 locations throughout the Southeast and Mid-Atlantic regions and wholesale-relationship sales force. First Data also provides SunTrust signature debit, credit, prepaid and commercial card processing, fraud prevention and detection, and card production services.
The STAR network is now the preferred provider of PIN-secured debit POS and ATM access for OH-based Kemba Credit Union while First Data is to supply its debit processing. STAR offers electronic funds transfer (EFT) networks nationwide with more than 2 million retail and ATM locations and is a First Data company. Kemba serves more than 60,000 members in the Greater Cincinnati area, has more than $468 million in assets, issues 37,000 debit cards and operates 10 ATMs. The STAR Network focuses on real-time debit payment processing for driving increased reliability, security, cardholder convenience, and choice wherever and whenever consumers demand access to their money.
First Data 2Q/10 consolidated revenue was up $2.6 billion was up 18% since the year ago period thanks in great part to the Bank of America Merchant Services alliance. Adjusted revenue was $1.6 billion, up 4% thanks to merchant acquiring growth in the Retail and Alliance Services segment, while EBITDA was $513 million, compared with $589 million in the second quarter of 2009. Retail and Alliance Services segment revenue for the first quarter was $737 million, up 7%, while transaction growth was 9% and segment EBITDA was $249 million, compared to $265 million in 2Q/09. For the quarter, the net loss attributable to First Data was $171 million.
FIRST DATA REVENUE
First Data Corporation’s STAR Network has signed a multi-year agreement with top-ten debit
card issuer SunTrust Banks to provide PIN-secured debit point-of-sale (POS) and ATM access
to its cardholders. Through the merchant
processing alliance, SunTrust can offer a full suite of electronic
payment products and services including credit, debit, check, and gift
card programs to its business customers throughout the Southeastern
United States. First Data provides signature debit and credit card processing and
production to SunTrust, as well as merchant processing services to the
bankâs business and commercial customers. As of March 31, 2010,
SunTrust had total assets of $171.8 billion and total deposits of $118.7
billion and operates an extensive branch and ATM network
throughout the high-growth Southeast and Mid-Atlantic states and a full
array of technology-based, 24-hour delivery channels.
First Data’s “STAR Network” has become the first EFT network to launch, load and reload support for “STAR”-branded general purpose prepaid cards. The expanded transaction set includes activation, load/reload and split tender purchases â with PIN-security and the associated reduction in fraud built in. The new “STAR RELOAD” service icon denoting load/reload card capabilities will be displayed with the “STAR” brand on participating cards, merchant POS and ATM locations. The “STAR Network” has supported general purpose prepaid programs with PIN-secured ATM and POS transactions, and with its biller-direct payment service for many years. “STAR” has more than 2 million retail and ATM locations in the USA.