July 25, 2014 5:05 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

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

Christopher Augustin Joins First Data as Chief Information Officer

Christopher Augustin has joined First Data as chief information officer. In his new role, Augustin will lead the company's software development work, engineering processes and software and application development strategy across the company. Chris' broad experience and creativity, ranging from startups to large financial institutions, will guide extensive development, conversion, and implementation efforts and maintain First Data's position at the forefront of a dynamic and competitive industry. Augustin joins First Data from Marked Private LLC, where he served as chief information officer and senior business advisor, responsible for designing and architecting the private messaging and social networking site for immediate market acceptance and future business growth. Prior to Marked Private, Augustin was co-founder and chief information officer for Javelin Capital Markets LLC, where he was involved in all aspects of growing that business.

First Data Corporation Appoints Michael K. Neborak as Executive Vice President and Director of Finance

On July 11, 2014, the Board of Directors of First Data Corporation appointed Michael K. Neborak as Executive Vice President and Director of Finance of FDC, overseeing the company’s financial reporting, corporate treasury and accounting functions. Prior to joining FDC, Mr. Neborak, age 57, was Group Chief Financial Officer of Willis Group Holdings Public Limited Company from July 2010 to June 2014. Mr. Neborak will replace Ray Winborne as the principal financial officer of the company.

First Data Introduces Perka(TM) Mobile Loyalty Solution for SMB Merchants

First Data Corporation announced the commercial integration of its Perka(TM) Mobile Loyalty Solution. Its apps are now available through First Data distribution systems. Extending far beyond traditional couponing, newspaper and yellow page ads, or old-fashioned paper loyalty cards, Perka, the most recent offering from First Data Small Business Solutions, is a cloud-based customer loyalty solution that connects businesses to their customers using location-based apps and mobile phones. It helps SMB owners maintain profitable and long-term relationships with their customers by providing a sustainable and highly personalized incentive program. How it works: Merchants sign up, activate their welcome kit and then work with a Perka customer service representative to design a customized loyalty program. Customers participate by downloading the Perka app on any smart phone, where they instantly see a list of participating merchants nearby and what loyalty promotions they are offering. When entering the store, customers launch the app and check in, which signals their presence to the merchant, who then greets them by name and validates their purchases. Making a personal connection with customers is a key factor in building loyalty, which often results in repeat visits. One of the newest specialty apps introduced to the platform, Perka is now available for the Clover(TM) Station, First Data's elegant touchscreen point-of-sale solution. The Clover solution helps merchants track inventory, manage employees, build lasting customer relationships, and accept payments with ease - all on one dynamic system. Merchants may customize and grow their system's capabilities with the ever-expanding Clover App Market, available only through the Clover Station.

Similar Private Companies By Industry

Company Name Region
Federal IT Consulting, LLC United States
Merchant Processing International, Inc. United States
Medical Mutual Services, LLC United States
I-Centrix, LLC United States
Lumar Worldwide Industries, Inc. United States

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
October 29, 2013
Perka, Inc.
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
NYC2012, Inc. United States
Lawyers Committee for Civil Rights Under Law United States
Bertelsmann AG Europe
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact First Data Corporation, please visit www.firstdata.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.