First Data reported earnings that were largely in line with expectations, but showed softness within some of its North American operations. Revenues were $1.9 billion for the third quarter, excluding reimbursable items, up 4.4 percent year over year, and earnings were $0.40 a share, matching consensus....
Payably, a mobile payments solution that integrates into QuickBooks, has announced a new partner, CardConnect, to enhance its offering. In an announcement Monday (July 24), Payably said it will integrate CardConnect‘s payment processing technology into its own mobile payments platform, used by SMEs to accept...
First Data Corporation, the commerce-enabling technology and CardConnect, a payment processing and technology solutions provider, announced Thursday (July 6) the successful completion of First Data’s tender offer to purchase the outstanding shares of CardConnect common stock for $15 per share in cash In a press...
When Frank Bisignano took the reins as CEO of First Data in 2013, he was emphatic that the firm could use its size, scale and enterprise relationships to “transform” a firm that everyone referred to as the world’s largest merchant processor into a technology leader...
May 30, 2017
As of yesterday, First Data has officially agreed to acquire rival payment processor CardConnect for around $750 million. The deal will reportedly be covered mostly in cash — and will include the repayment of CardConnect’s debt. This buy represents First Data’s biggest acquisition since going public in 2015. First Data handles, on average, $2.2 trillion in […]
October 31, 2017
First Data reported earnings that were largely in line with expectations, but showed softness within some of its North American operations. Revenues were $1.9 billion for the third quarter, excluding reimbursable items, up 4.4 percent year over year, and earnings were $0.40 a share, matching consensus. First Data investors have been focused on the North American […]
July 07, 2017
First Data Corporation, the commerce-enabling technology and CardConnect, a payment processing and technology solutions provider, announced Thursday (July 6) the successful completion of First Data’s tender offer to purchase the...
May 30, 2017
As of yesterday, First Data has officially agreed to acquire rival payment processor CardConnect for around $750 million. The deal will reportedly be covered mostly in cash — and will include...
