News Topic: First Data

Frank Bisgnano, who engineered a technology-driven recovery at First Data before it was acquired by Fiserv last year, will shortly take Fiserv's top job as the company forges its coronavirus strategy. ... Read full article

Bank of America said it will end a payments joint venture with First Data next June when a contract between the two companies expires. ... Read full article

Fiserv expects its $22 billion purchase of First Data Corp. to close on Monday after clearing regulatory requirements. ... Read full article

A trio of big deals in the payments and financial service provider area and continued bank and venture capital interest in fintech investments are creating expectations for a banner year. ... Read full article

As major vendors consolidate, financial institutions should be looking to adopt emerging technologies, rather than relying solely on legacy firms to provide services. ... Read full article

CFPB to scrap key underwriting portion of payday rule; Fiserv-First Data — why small banks fear big fintech; banks, credit unions help federal workers hurt by shutdown; and more from this week's most-read stories. ... Read full article

The Fiserv-First Data deal, valued at about $22 billion, will combine two of the financial services industry's largest technology and processing companies. ... Read full article

The numbers behind Fiserv's deal to acquire First Data are huge, particularly considering each company's existing tonnage still makes consolidation the best play when faced with nimble fintechs and mobile startups. ... Read full article

The large core banking software vendors are already criticized as large and slow-moving. Consolidations like these are only likely to make them more so. ... Read full article

The deal, valued near $22 billion, will combine two of the financial services industry's largest tech and processing firms; both banks top expectations. ... Read full article

Fiserv will acquire First Data in an all-stock deal with a value of about $22 billion that will combine two of the financial services industry's largest technology and processing companies. Fiserv shareholders will own almost 58% of the combined ... Read full article

The firing happened in 2013 after the staffer gained access to emails from top executives and shared them outside the company, according to a news report. ... Read full article

Four of the startups are focused on business and consumer bill payments, and a fifth offers student loan repayment assistance as an employee perk. ... Read full article

New entrants don’t pose a disruptive threat to the incumbent cohort of issuers, credit card networks and acquirers primarily because the incumbents — Visa, Mastercard and First Data — are prepared to compete in all segments of the market. ... Read full article