First Data
First Data Corporation is a financial services company headquartered in Atlanta, Georgia, United States. The company's STAR Network provides nationwide domestic debit acceptance at more than 2 million retail POS, ATM, and at online outlets for nearly a third of all U.S. debit cards.
| Company type | Subsidiary |
|---|---|
| Industry | Financial services |
| Founded | 1971, in Omaha, Nebraska, U.S. |
| Headquarters | Atlanta, GA, U.S. |
Key people |
|
| Products | Merchant services |
| Revenue | US$ 12.05 billion (2017) |
| US$ 1.71 billion (2017) | |
| US$ 1.47 billion (2017) | |
| Total assets | US$ 48.27 billion (2017) |
| Total equity | US$ 6.01 billion (2017) |
Number of employees | 22,000 (2017) |
| Parent | Fiserv |
| Website | FirstData.com |
| Footnotes / references | |
First Data has six million merchants, the largest in the payments industry. The company handles 45% of all US credit and debit transactions, including handling prepaid gift card processing for many US brands such as Starbucks. It processes around 2,800 transactions per second and $2.2 trillion in card transactions annually, with an 80% market share in gas and groceries in 2014. First Data's SpendTrend Report is frequently used by national news networks such as WSJ, USA Today, ESPN, The New York Times, Vox Media, and Bloomberg.
On January 16, 2019, Fiserv announced a deal to acquire First Data in an all-stock deal with equity value of $22 billion. Fiserv completed the acquisition of First Data on Monday, July 29, 2019.