First Data provides eCommerce payment solutions for merchants, financial institutions and card issuers. The Company's product portfolio includes merchant transaction processing services, credit, debit, private-label, gift, payroll and other prepaid card issuing and processing, fraud protection and authentication solutions, electronic check acceptance services through TeleCheck, as well as Internet commerce and mobile payment solutions. 

Employee Rating

2.9More
TypeSubsidiary
Parent CompanyFiserv
HQAtlanta, US
Founded1971
Websitefirstdata.com
First Data was founded in 1971 and is headquartered in Atlanta, US
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Key People/Management at First Data

Frank Bisignano

Frank Bisignano

Chairman and Chief Executive Officer
Cindy Armine-Klein

Cindy Armine-Klein

Executive Vice President, Chief Control Officer
Dan Charron

Dan Charron

Executive Vice President, Head of Global Business Solutions
Guy Chiarello

Guy Chiarello

President
Ivo Distelbrink

Ivo Distelbrink

Executive Vice President, Head of Asia Pacific Region
Christopher Foskett

Christopher Foskett

Executive Vice President, Co-Head of Global Financial Solutions, Head of Institutional Sales
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First Data Office Locations

First Data has offices in Atlanta, Fairlawn, Wilmington, Marietta and in 49 other locations
Atlanta, US (HQ)
5565 Glenridge Con #2000
Atlanta, US
5565 Glenridge Con
Boston, US
53 State St
Chandler, US
240 N Roosevelt Ave
Chesapeake, US
1449 Kristina Way
Chicago, US
500 West Madison Street
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First Data Financials and Metrics

Summary Metrics

Founding Date

1971

Total Funding

$3.5 b

Investors

In total, First Data had raised $3.5 b. First Data is a subsidiary of Fiserv

First Data Revenue

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First Data's revenue was reported to be $9.50 b in FY, 2018 which is a 21.2% decrease from the previous period.
Annual
USDFY, 2015FY, 2016FY, 2017FY, 2018

Revenue

11.5b11.6b12.1b9.5b

Revenue growth, %

3%1%4%(21%)

Cost of goods sold

6.9b6.9b7.0b3.0b

Gross profit

4.5b4.6b5.0b6.5b
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

2.8b2.9b2.9b2.8b3.0b3.1b2.3b2.4b2.4b

Cost of goods sold

1.7b1.7b1.7b1.7b1.8b1.8b977.0m955.0m952.0m

Gross profit

1.1b1.2b1.2b1.1b1.3b1.3b1.3b1.5b1.4b

Gross profit Margin, %

38%41%41%39%41%42%57%61%60%
Annual
USDFY, 2015FY, 2016FY, 2017FY, 2018

Cash

429.0m385.0m498.0m555.0m

Accounts Receivable

1.8b1.9b2.2b

Prepaid Expenses

381.0m360.0m335.0m

Current Assets

10.8b17.4b23.4b
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Cash

311.0m282.0m475.0m503.0m493.0m502.0m586.0m544.0m601.0m

Accounts Receivable

1.8b1.8b1.7b1.8b1.8b1.9b2.1b2.2b2.1b

Prepaid Expenses

418.0m317.0m335.0m295.0m475.0m310.0m

Current Assets

10.2b11.0b11.4b12.1b12.6b17.9b20.5b20.2b23.7b
Annual
USDFY, 2015FY, 2016FY, 2017FY, 2018

Net Income

(1.3b)660.0m1.7b1.2b

Depreciation and Amortization

1.1b1.1b1.1b

Accounts Payable

(162.0m)35.0m(82.0m)

Cash From Operating Activities

795.0m2.1b2.0b2.3b
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

(6.0m)209.0m409.0m79.0m322.0m662.0m134.0m536.0m984.0m

Depreciation and Amortization

262.0m528.0m793.0m258.0m526.0m806.0m271.0m546.0m816.0m

Accounts Payable

(102.0m)(77.0m)5.0m(170.0m)(165.0m)(186.0m)(128.0m)(139.0m)(163.0m)

Cash From Operating Activities

386.0m908.0m1.7b421.0m1.0b1.6b534.0m1.1b1.8b
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First Data Operating Metrics

FY, 2014FY, 2015FY, 2016FY, 2017May, 2018Dec, 2018FY, 2018

Gross Payment Volume

$1.70 t$1.70 t$1.90 t$2.10 t$2.40 t$2.40 t$2.60 t

Transactions per Second

2.50 k2.80 k3 k3 k3 k3 k

Transactions

74 79 b88 b93 b

Partners

4 k4 k4 k4 k4 k3.70 k
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First Data Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
Software ExpressMarch 13, 2019
BluepayDecember 01, 2017
CardConnectMay 30, 2017$750 m
AcculynkMarch 21, 2017
Clover NetworkOctober 09, 2013
Merchant Solutions International IncJune 10, 2013
Deecal InternationalOctober 18, 2007
First Data Polska S.A.August 01, 2007
FundsXpressApril 16, 2007
PaySys International Pty. Ltd.April 30, 2001
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First Data Revenue Breakdown

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First Data revenue breakdown by business segment: 8.6% from Reimbursable Debit Network Fees, Postage, and Other, 58.8% from Global Business Solutions, 16.8% from Global Financial Solutions and 15.7% from Network & Security Solutions

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First Data Online and Social Media Presence

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First Data News and Updates

Site24x7 Enters China Cloud Monitoring Market with Its First Data Center in Shanghai

The Company's Performance Monitoring Solution Ushers in Digital Transformation and Optimization Journey to Help Businesses Gain a Competitive Advantage.read more

First Data to acquire Brazil's Software Express

First Data is to acquire Brazilian eftpos manufacturer and software application developer Software E...

Atlanta Girl Scouts to process cookie sales with First Data Clover

This year, metropolitan Atlanta customers will have the opportunity to purchase their favorite Girl...

Lifshitz & Miller LLP Announces Investigation of CAS Medical Systems, Inc., Entegra Financial Corp., Fidelity Southern Corporation, First Data Corporation, Kinderhook Bank Corp., Maxwell Technologies, Inc., Ohr Pharmaceutical, Inc., and Owens Realty Mortgage, Inc.

NEW YORK, Feb. 14, 2019 /PRNewswire/ -- CAS Medical Systems, Inc. (CASM) Lifshitz & Miller announces investigation into possible breaches of fiduciary duties in connection with the proposed sale of CASM to Edwards Lifesciences Corporation for $2.45 per share. If you are a CASM investor,...

Fiserv's $22B purchase of First Data marks one of the largest acquisitions in the fintech industry (FISV)

This story was delivered to Business Insider Intelligence "Fintech Briefing" subscribers. To learn more and subscribe, please click here. US fintech solutions provider Fiserv has announced it will purchase payment processor First Data in an all-stock deal for $22 billion, marking one of the largest …

Fiserv's $22 billion deal for First Data is one of the biggest in fintech history, and already some on Wall Street are warning of a culture war (FISV, FDC)

Financial technology companies Fiserv said on Wednesday it is acquiring First Data for $22 billion.  The companies said they expect at least $500 million in revenue and $900 million in cost savings from synergies — the benefits created when two companies merge.  Some Wall Street analysts remain sk…
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First Data Frequently Asked Questions

  • When was First Data founded?

    First Data was founded in 1971.

  • Who are First Data key executives?

    First Data's key executives are Frank Bisignano, Cindy Armine-Klein and Dan Charron.

  • What is First Data revenue?

    Latest First Data annual revenue is $9.5 b.

  • Who are First Data competitors?

    Competitors of First Data include ACI Worldwide, Global Payments and Heartland Payment Systems.

  • Where is First Data headquarters?

    First Data headquarters is located at 5565 Glenridge Con #2000, Atlanta.

  • Where are First Data offices?

    First Data has offices in Atlanta, Fairlawn, Wilmington, Marietta and in 49 other locations.

  • How many offices does First Data have?

    First Data has 77 offices.