March 01, 2015 3:05 PM ET

IT Services

Company Overview of First Data Corporation

Company Overview

First Data Corporation provides electronic commerce and payment solutions for merchants, financial institutions, and card issuers worldwide. The company operates in three segments: Retail and Alliance Services, Financial Services, and International. The Retail and Alliance Services segment offers merchant acquiring services that facilitate the merchants’ ability to accept credit, debit, stored-value, and loyalty cards; and processing services comprising authorization, transaction capture, settlement, chargeback handling, and Internet-based transaction processing. It also provides prepaid stored-value card issuance and processing services for retailers and others; program management and proce...

5565 Glenridge Connector, NE

Suite 2000

Atlanta, GA 30342

United States

Founded in 1989

Phone:

404-890-2000

Key Executives for First Data Corporation

Chairman and Chief Executive Officer
Age: 55
President and President of First Data Holdings Inc.
Age: 54
Executive Vice President and Director of Finance
Age: 57
Chief Operations Officer and Executive Vice President
Age: 52
Director and President of Retail & Alliance Services
Age: 51
Compensation as of Fiscal Year 2014.

First Data Corporation Key Developments

Gustavo Marin to Join First Data on March 1, 2015

First Data announced that Gustavo Marin will join the company on March 1, 2015 to lead its business in the Latin America region. Reporting to Chairman and CEO Frank Bisignano, Marin will be based in SÃo Paulo, Brazil, where he has strong ties to the business and government communities. Marin will also become a member of First Data Management Committee.

First Data Corporation Appoints Dan Charron as Executive Vice President, Global Business Solutions

First Data Corporation appointed Dan Charron as Executive Vice President, Global Business Solutions. Charron, whose appointment is effective immediately, will report to First Data Chairman and CEO Frank Bisignano and will serve on the company's Management Committee. Before joining First Data, Charron spent 14 years at Chase Paymentech, the global payment processing business of JPMorgan Chase & Co. He joined that company in 2000, taking on roles of increasing responsibility until being named president in 2013.

First Data Corporation Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Earnings Guidance for the Year 2015

First Data Corporation reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported total revenue of $2,883.3 million compared to $2,797.1 million a year ago. Operating profit was $420.1 million compared to $357.7 million a year ago. Income before income taxes and equity earnings in affiliates was $37.8 million compared to loss before income taxes and equity earnings in affiliates of $135.7 million a year ago. Net income was $65.6 million compared to net loss of $68.2 million a year ago. Net income attributable to the company was $11.8 million compared to net loss attributable to the company of $123.1 million a year ago. Net cash provided by operating activities was $436.0 million compared to $340.7 million a year ago. Adjusted earnings before interest, taxes, depreciation, and amortization (adjusted EBITDA) was $712 million, up 6% versus the prior year period or 8% excluding currency impacts, driven by growth in revenue and positive operating leverage. Adjusted revenue, modified for items such as the exclusion of pass-through debit network fees and postage, was up 4% versus the prior year period to $1.8 billion or 6% excluding currency impacts. Capital expenditures totaled $157 million For the full year, the company reported total revenue of $11,151.8 million compared to $10,808.9 million a year ago. Operating profit was $1,439.3 million compared to $1,122.6 million a year ago. Loss before income taxes and equity earnings in affiliates was $402.0 million compared to loss before income taxes and equity earnings in affiliates of $793.9 million a year ago. Net loss was $264.5 million compared to net loss of $692.1 million a year ago. Net loss attributable to the company was $457.8 million compared to net loss attributable to the company of $869.1 million a year ago. Net cash provided by operating activities was $1,013.2 million compared to $672.7 million a year ago. EBITDA was $3,057.3 million. Capital expenditures totaled $567 million versus $379 million for the full year 2013, reflecting investments in data centers and hardware, along with new products and security functionality. Adjusted revenue and adjusted EBITDA for the full year were $7 billion and $2.7 billion, respectively, with adjusted revenue up 3% and EBITDA up 9%. On a constant-currency basis, revenue was up 4% and EBITDA up 10% for the full year. For 2015, the company anticipates cash interest payments of approximately $1.6 billion, down $132 million compared to 2014.

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