First Data

civilization and politics Embedded Finance paytech small business

·Jun. 3, 2019

$20 Billion TSYS acquisition in the shadow of Alibaba’s $500B SME aggregation

I have been reading Alibaba: The House that Jack Ma Built this week, something everyone interested in understanding the future of Google, Goldman, Uber, or Amazon should do. The narrative starts with China's small business explosion, and Ma's genius is to tap into global demand for the products of those businesses through an online marketplace and associated financial services. But I am getting ahead of myself. Let's pause to acknowledge a massive, systemic transaction that was announced this week: payments processing company Global Payments acquiring TSYS (Total Payments Systems) for $21.5 billion.

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Fintech News Roundup

·Jan. 17, 2018

Ant Financial’s Push Into the US

US regulators did not sign off on Ant Financial’s acquisition of MoneyGram, but this won’t hamper their US ambitions; Last May Ant Financial did a deal with First Data, the payment infrastructure company; Ant Financial has been largely successful in China due to the unique financial system there; in the US they face other challenges which includes a more developed financial system with legacy players; it remains to be seen whether the eventual leaders in the US will be technology companies like Amazon, something we’ve seen happen in China. Source

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Fintech News Roundup USA

·May. 3, 2019

Facebook Building Cryptocurrency-Based Payments System

The Wall Street Journal is reporting that Facebook has been quietly working on a new cryptocurrency-based payments system. Dubbed Project...

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Fintech News Roundup USA

·Feb. 7, 2020

Fiserv Already Seeing Payoff from First Data Acquisition

Fiserv saw $3.7bn in revenue for Q4 2019 with First Data accounting for 61 percent of that total or $2.2bn;...

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Fintech News Roundup USA

·May. 14, 2020

New Fiserv CEO Talks First Data Merger and Post Covid Financial World

New Fiserv CEO Frank Bisignano is set to take over in July and has quite the to do list ahead...

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Europe Fintech News Roundup USA

·Oct. 25, 2016

Ant Financial Looks to US and Europe, Partners with Verifone and First Data

Ant Financial announced at Money 20/20 a partnership with payment processor First Data and hardware provider Verifone; new move will expand scope of their wallet product, AliPay, into North America and Europe for wealthy Chinese travelers; AliPay has 450 million active users, totaling nearly 70% of the third party payment market in China. Source

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big tech Crypto enterprise blockchain paytech stablecoins

·May. 6, 2019

Facebook and Bitfinex both want $1 Billion for Crypto Stablecoins

There is poetry in the symmetry of this situation. Bitfinex is looking to raise $1 billion in capital to support the most popular stablecoin Tether, which it controls. Facebook is reportedly looking to raise $1 billion in capital from First Data, Visa and Mastercard and other payments companies to shore up its own stablecoin asset. Poetry is where the similarities end, and all these devils are in the details.

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Fintech News Roundup USA

·Jan. 17, 2019