ICYMI June: First Data in the News
In case you missed it (ICYMI), below, we’ve compiled the biggest stories from around the web in June, featuring coverage of the innovative work being done with First Data’s APIs, news about Clover’s 1000 Miles of Main Street promotion, First Data’s climb up the Fortune 500 list, and more:
A week ago . . . Two of First Data’s APIs (application programming interface) were recognized by one of the leading developer news outlets, Devs World, in its series entitled "API of the Week." In the story, the publication spotlighted our two core APIs: Payeezy, an eCommerce solution for businesses of all sizes, and Clover, an open platform solution with the full Clover product suite.
Bruce Dragt, SVP, Head of Global eCommerce, was interviewed for the article and spoke to the APIs we offer, the benefits of working with First Data, and the solutions that have been developed using them. Bruce touched on First Data's scale, noting that developers who leverage our APIs have the potential to reach six million business locations and pointing out that First Data processes 28% of global eCommerce and 79 billion transactions globally.
When asked about the "cooler solutions that have been developed using our APIs," Bruce responded:
"The Clover App Market provides more than 150 examples of innovative solutions developed using our APIs...Booker, a service commerce solution that supports the ten million SMBs in the service industry, is a good example of a fast-growing company that leveraged our APIs. Booker caters to salons, spas, and other appointment-based businesses, helping business owners manage appointments online and make scheduling easy for staff and customers."
Two weeks ago . . . Four First Data owner-associates - Lexi Carden, Hally Sheldon, Rex Hall, and David Ridenour - packed up the Clover Van and hit the road to meet with small businesses on their turf and learn how First Data can better serve them. Along the way, the team documented every client visit, road stop and even taught us a few new things, like how to perfectly string a tennis racket at Power Tennis & Cool Springs or make a pizza at Boardwalk Pizza. By the end of the week, our team reached its destination—the College World Series in Omaha, NE. If you missed any of our team’s adventures, or would like to learn more about Clover, visit the journey’s official blog, Clover1Kmiles.com where you can link to videos, images, and updates about the trip.
Also . . . Entrepreneur mentioned First Data in an article titled "4 Strategies Small Businesses Can Use to Avoid a Data Breach." The writer referenced data from a white paper First Data published in 2014 called "Small Businesses: The Cost of a Data Breach is Higher than You Think." The article was subsequently picked up by many additional publications including FoxNews.com and local outlets like The San Antonio Express-News.
"What most people don’t realize is that a staggering 90 percent of breaches impact small businesses. Those figures, released by payment technology solutions powerhouse First Data, highlight the seriousness of the cyber security issue for small businesses."
Three weeks ago . . . Fortune published its 62nd annual Fortune 500 list, the definitive ranking of U.S. companies by revenue. Fresh off our IPO, First Data jumped up 16 spots this year, breaking into the top 250 companies. The Atlanta Journal Constitution and The Atlanta Business Chronicle mentioned First Data in its coverage of the Georgia-based companies, where First Data ranked eighth behind companies including Home Depot, UPS, Delta and Coca-Cola.
Also . . . Security Intelligence published an article that discussed the risks involved with financial institutions offering mobile banking to customers. The article highlighted First Data's top notch work to ensure it safeguards consumers and financial institutions. The article included:
"Take First Data Corporation as an example: It is one of the largest payment processing organizations in the world, working with about 6 million businesses and 4,000 financial institutions worldwide. It takes its security practices very seriously and works to identify best-in-industry business processes and solutions. It believes in taking a holistic approach to security, compliance and risk management. To do this, it tracks mobile device usage and use analysis to determine whether to allow access to the consumer’s banking information. First Data Corporation proactively manages threats to ensure safety, but with no interruption to the consumer’s process."