First Data

First Data is a U.S. company based in Sandy Springs, Georgia. It is a provider of e- commerce and payment solutions, whose main competitor is TSYS. The product and service line of solutions includes the service for transaction processing, editing; Credit card, debit card, prepaid card, gift card, payroll and other prepaid performances; Fraud protection and authentication solutions; Services for electronic check acceptance services through TeleCheck; Internet commerce and mobile payment solutions. The STAR Network offers PIN - secured this company debit acceptance at ATMs and retail locations.

History

The company is engaged in the banking industry and was founded in 1969. In 1994, the Western Union Company was acquired by First Financial Management Corporation, which in turn along came a year later with First Data. On January 26, 2006, First Data announced plans according to which the company Western Union to be spun off as an independent, publicly traded company. Western Union became an independent company.

2007 First Data by Kohlberg Kravis Roberts was taken.

On the electronic cash network service WEAT First Data holds a stake of 20 %, the network service provider has TeleCash First Data since 2003:

TeleCash

2003 TeleCash GmbH & Co. KG, Stuttgart ( TeleCash ), which was previously owned by Deutsche Telekom, a subsidiary of First Data was. 2003 TeleCash was the market leader in electronic payments via debit and credit cards in Germany, had 340 employees and generated 166,000 point-of -sale terminals an annual turnover of 80 million euros.

In 2006, the company TeleCash the company Gesellschaft mbH for payment, Bad Vilbel ( GZS ).

Criticism

2013 U.S. Auspähprogramm called PRISM was known. It was the fact publicly that First Data has voluntarily given to the FBI " all the support in the fight against terrorism ", ie there were information worldwide such as Passed remittances to total 12 000 branches.