History | First Data

2015

In the largest U.S. IPO of the year, First Data is listed as a public company on the New York Stock Exchange (NYSE) with the ticker symbol FDC.
First Data becomes the first payments technology company to earn both controller and processor certifications for its binding corporate rules, granting the company permission to manage customer data across borders.
In February 2015, First Data reported its first profitable quarter in 29 quarters since it was acquired and became a privately held company in 2007.

2014

In early 2014, First Data's STAR Network is the first ATM network to adopt the Visa and MasterCard common application IDs for EMV-compliant debit transactions.
Frank Bisignano assumes the role of Chairman and launches an equity ownership plan for all First Data owner-associates.
First Data raises a historic $3.5 billion private placement, including $1.5 billion from existing investors and $2.0 billion from new investors.
First Data introduces the Insightics analytics solution for small and medium size businesses which was created with Palantir, and acquires the mobile gift card platform Gyft.
First Data expands its presence in Brazil with Bin, the company's acquiring solution developed specifically for the local market.
First Data announces it will provide encryption technology for Apple Pay. Integrating the new payments technology with the STAR Network, First Data becomes a token service provider, supporting safe POS transactions in Apple Pay.

2013

At the beginning of the year, Jon Judge announces his retirement and Ed Labry is named interim CEO. In April, Frank Bisignano is named CEO.
First Data acquires the Clover Network point of sale platform and the Perka mobile loyalty platform.

2012

First Data acquires remaining equity stake in OmniPay from FEXCO, a Dublin-based specialist provider of financial transaction processing, foreign exchange and outsourcing services. First Data took a majority equity interest in OmniPay in August of 2006.
First Data opens state-of-the-art Learning and Innovation Center at the company’s global headquarters in Atlanta.

2011

First Data opens a new operations and technology center in Bratislava, Slovakia, enabling the company to further improve its client service and operational efficiency across the Europe, Middle East and Africa (EMEA) region.
First Data, Google, Citi, MasterCard and Sprint launch Google Wallet, allowing consumers to store their payment card information on their smartphones to make secure purchases.

2010

First Data and ICICI Bank, India’s largest private sector bank, form a merchant acquiring alliance named ICICI Merchant Services.
Joe W. Forehand is named chairman and interim CEO.
Jonathan J. Judge joins company as CEO in October.

2009

First Data and Bank of America form Banc of America Merchant Services, an alliance to deliver next-generation payments solutions to merchants ranging from small businesses to commercial and corporate clients worldwide.

2008

First Data continues its global growth by forming AIB Merchant Services with Allied Irish Bank and entering the Polish market by making an agreement with Allianz Bank.
First Data and EUFISERV form Trionis, enabling greater access to ATMs, POS terminals and card accounts for consumers in Europe.
GO-Tag, First Data’s contactless payment technology, premieres during the Democratic National Convention in Denver.
First Data and JPMorgan Chase announce the dissolution of Chase Paymentech Solutions.

2007

First Data announces agreement to be acquired by KKR.
Michael D. Capellas is named chairman and CEO.
Merger agreement with KKR closes in September, and First Data becomes a privately held company.

2006

First Data announces plans to separate Western Union into an independent, publicly traded company through a tax-free spinoff.
First Data and Standard Chartered Bank launch Merchant Services, a merchant alliance serving markets throughout Asia Pacific.
First Data completes acquisition of GZS, expanding its position in the German market, and Argencard, a leading payment processor in Argentina and Uruguay.
First Data completes successful spinoff of Western Union.

2005

First Data acquires EuroProcessing International, gaining a significant foothold in Central and Eastern Europe.
First Data enters Korea with the acquisition of KMPS.
Ric Duques resumes leadership as chairman and CEO.

2004

First Data merges with Concord EFS.
First Data acquires Cashcard Australia Limited and what is now known as First Data Hellas in Greece.

2003

First Data acquires TeleCash Kommunikations-Service GmbH, a Germany-based provider of POS terminals.

2002

Charlie Fote becomes CEO.

2001

First Data expands its presence in the European market.
First Data acquires TASQ Technology, a provider of POS devices.
First Data also acquires VisionPLUS, a global processing platform from PaySys International.

1998

TeleCheck introduces its Electronic Check Acceptance (ECA) service.

1996

First Data Merchant Services forms as a result of the merger between Card Establishment Services and National Bancard Corp.
First Data divests MoneyGram.

1995

First Data merges with First Financial Management Corporation, owner of Western Union Financial Services, Inc. ValueLink introduces its stored-value gift card program.

1994

First Data provides card-issuing processing services in Mexico.

1992

First Data spins off from American Express through an initial public offering (NYSE: FDC).
Ric Duques is named CEO.
The STAR Network is created.
First Data begins Electronic Funds Transfer (EFT) processing operations in Australia.

1991

First Data begins card processing operations in the U.K.

1980

American Express buys 80 percent of First Data Resources (the remaining 20 percent was purchased in five percent increments each subsequent year until June 1983).

1976

First Data becomes the first processor of Visa and MasterCard bank-issued credit cards.

1971

First Data is founded in Omaha, Neb., providing processing services to the Mid-America Bankcard Association (MABA).

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