February 01, 2015 11:53 AM 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

22,310 Employees



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

First Data Corporation Appoints Matthew Cagwin as Vice President and Chief Accounting Officer

On January 14, 2015, the Board of Directors of First Data Corporation appointed Matthew Cagwin, as Vice President and Chief Accounting Officer of FDC. Mr. Cagwin has served as Vice President, Financial Reporting, Policies and Sarbanes Oxley at FDC since February 2014. Before joining FDC, Mr. Cagwin served as Vice President, Financial Services and Strategic Finance Initiative at Coca-Cola Enterprises from 2010 to 2014 and was Assistant Controller at Coca-Cola Enterprises from 2009 to 2010.

Alphonso Jackson Joins First Data Corporation as Senior Advisor

Former United States Secretary of Housing and Urban Development (HUD) Alphonso Jackson has joined First Data as a Senior Advisor. In this role, Secretary Jackson's primary objectives will be to strengthen First Data s government relations and public policy initiatives, and advance the company's government business opportunities. Prior to joining First Data, Secretary Jackson was Vice Chairman of Mortgage Banking with JPMorgan Chase.

First Data and UL Collaborate to Simplify EMV Adoption for Retailers

First Data announced a collaboration to help U.S. merchants expedite their acceptance of EMV-enabled credit and debit cards. Large-scale theft of consumer payment data from merchants’ integrated point-of-sale (POS) systems is among the biggest issues facing the payments industry. The solution will give large and mid-size merchants with integrated POS systems a one-stop EMV migration and certification solution for all major payment networks. Combining UL’s accredited testing tools and centralized certification management platforms streamlines EMV migration by combining training, test tools and testing services, while eliminating the inefficiencies found in the current process of certifying to multiple end-points and certification authorities. UL Transaction Security is a division within UL that guides companies in the payments, mobile, government and transit domains through the complex world of secure electronic transactions.

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