First Data Corporation provides electronic commerce solutions for merchants, financial institutions, and card issuers worldwide. It operates through three segments: Global Business Solutions, Global Financial Solutions, and Network & Security Solutions. The Global Business Solutions segment offers retail point-of-sale merchant acquiring and e-commerce services; and next-generation offerings, such as mobile payment services and webstore-in-a-box solutions, as well as its cloud-based Clover point-of-sale operating system, which includes a marketplace for proprietary and third-party business applications. The Global Financial Solutions segment provides credit solutions for bank and non-bank iss...
5565 Glenridge Connector NE
Atlanta, GA 30342
Founded in 1989
First Data Launches Clover™ Mini and Clover™ Mobile in the U.K
Dec 8 16
First Data announced the expansion of its Clover platform with the launch of Clover Mini and Clover Mobile in the U.K. The all-in-one business management solutions have enjoyed broad adoption in the U.S. since they were introduced last year. With Clover, business owners have the point-of-sale technology to handle the daily challenges of running a business. The Clover Mini and Clover Mobile devices utilize unique cutting-edge technology that allows consumers to enter their PIN on a tablet based, touchscreen device that is EMV® compliant and has completed common criteria evaluation against the JTEMS POI Protection Profile. As such, Clover Mini and Clover Mobile are among the very first devices to be approved with this technology for deployment in the U.K. market and represent a groundbreaking innovation in cardholder authentication. Clover Mobile was created to sell on the move, whether that be at a restaurant table, from a food van, at displays in store or in a busy queue. Clover Mobile gives business owners the power of integrated inventory management, accounting, analytics and more – all in a hand-held device. Clover Mini redefines the payment terminal, providing business owners with a comprehensive solution to streamline operations. Clover Mini operates with the same power as the original Clover device, Clover Station®, in a much smaller package, meaning business owners can access the same intuitive tools without compromising on counter space. As part of the Clover family, both Clover Mini and Mobile provide access to the Clover App Market which allows developers to create innovative apps for business owners. Apps such as appointment scheduling, reporting and inventory management free up small business owners’ time by simplifying and/or automating tasks. Benefits of Clover Mobile and Mini include: Ability to accept multiple EMV credit and debit payment types, contactless payments (including Android PayTM and Apple PayTM) and Swipe (MSR),Manage tips and cash back, Optional Bluetooth printer (Mobile only), Front-facing camera that enables barcode and QR code reading, Wi-Fi, 3G or Ethernet (Mini only) connectivity options,7" Antimicrobial Corning® Gorilla® Glass display screen, Touchscreen PIN entry for debit transactions and touchscreen signature capture for credit transactions, Fully PCI PTS 4.0 certified, including the Secure Reading and Exchange of Data (SRED) module and Liquid silicone rubber surrounding Clover Mobile provides additional product protection for improved impact (drop) performance.
First Data Corp Announces 2016 November Joinder Agreement Relating to Credit Agreement
Dec 7 16
On December 5, 2016, First Data Corporation entered into a 2016 November Joinder Agreement relating to its Credit Agreement, dated as of September 24, 2007, as amended and restated as of September 28, 2007, as further amended as of August 10, 2010, March 24, 2011, March 13, 2012 and August 16, 2012, as modified as of September 27, 2012 and February 13, 2013, as further amended as of April 10, 2013, April 15, 2013, January 30, 2014, July 18, 2014 and June 2, 2015 and as further modified as of July 10, 2015, November 24, 2015, April 13, 2016, June 2, 2016 and October 14, 2016, respectively, among the company, the several lenders from time to time parties thereto and Credit Suisse AG, Cayman Islands Branch, as administrative agent. Pursuant to the Joinder Agreement, the company incurred an aggregate principal amount of approximately $2.78 billion in new U.S. dollar denominated term loans maturing on July 10, 2022 and approximately 761 million in new euro denominated term loans maturing on July 10, 2022. The interest rate applicable to the 2022C New Dollar Term Loans is a rate equal to, initially, at the company's option, either LIBOR plus 300 basis points or a base rate plus 200 basis points. The interest rate applicable to the 2022C New Euro Term Loans is a rate equal to, initially, LIBOR plus 325 basis points. The interest rates on both the 2022C New Dollar Term Loans and 2022C New Euro Term Loans may be reduced by 25 basis points based on the company's leverage ratio. The company used the proceeds from the incurrence of the 2022 New Term Loans to refinance all of its existing U.S. dollar denominated term loans and euro denominated term loans maturing on July 10, 2022.
First Data Corporation Provides Earnings Guidance for the Year 2017
Nov 16 16
First Data Corporation provided earnings guidance for the year 2017. The company expects to achieve total segment revenue growth in the 3% to 5% range on a constant currency basis in 2017. The company expects the second half growth to be a bit better than the first half, with the first half more consistent with 2016 exit rate. EBITDA growth of 5% to 7% in 2017 on a constant currency basis. And finally, The company expects to generate free cash flow in excess of $1 billion in 2017.