First Data Completes Acquisition of BluePay
December 01 2017 - 6:55AM
Business Wire
First Data Corporation (NYSE: FDC), a global leader in
commerce-enabling technology and solutions, today announced the
successful completion of its acquisition of BluePay Holdings, Inc.
from BluePay’s current owners including TA Associates and BluePay
management.
BluePay is a provider of technology-enabled payment processing
for merchants in the U.S. and Canada and was one of First Data’s
largest distribution partners with a strong focus on
software-enabled payments and Card-Not-Present transactions. It
processes approximately $19 billion of annual sales volume for more
than 77,000 merchants and is integrated into more than 450 software
platforms. BluePay offers software integration solutions that
complement those offered through First Data’s CardConnect
business.
“The addition of BluePay’s integrated Card-Not-Present solutions
to CardConnect’s cutting-edge ISV product suite affords First Data
a unique and comprehensive offering in the high-growth integrated
payments space,” said First Data Chairman and CEO, Frank Bisignano.
“Importantly, this acquisition will also allow us to enhance our
service offerings to our JV alliances and other distribution
partners.”
BluePay CEO, Bala Janakiraman, will continue to lead BluePay
operations.
About First Data
First Data is a global leader in commerce-enabling technology
and solutions, serving approximately six million business locations
and 4,000 financial institutions in more than 100 countries around
the world. The company’s 24,000 owner-associates are dedicated to
helping companies, from start-ups to the world’s largest
corporations, conduct commerce every day by securing and processing
more than 2,800 transactions per second and $2.2 trillion per
year.
About BluePay
BluePay is a leading provider of technology-enabled payment
processing for merchants in the United States and Canada. Through
physical POS, online, and mobile interfaces, as well as CRM and ERP
software integrations, BluePay processes business-to-consumer and
business-to-business payments while providing real-time settlement,
reporting, and reconciliation, along with robust security features
such as tokenization and point-to-point encryption.
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First Data ContactsPeter PoillonInvestor RelationsFirst
Data212-266-3565Peter.Poillon@firstdata.comorLiidia LiuksilaPublic
RelationsFirst Data212-515-0174Liidia.Liuksila@firstdata.com
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