First Data Presents Retail Merchants With Combined Processing Solutions
14 January, 2003
category:
First Data Presents Retail Merchants With Combined Processing Solutions Including Credit, Signature and Pin-Based Debit, Proprietary Gift Cards, Electronic Check and Check Services
NEW YORK, Jan. 13 /PRNewswire-FirstCall/ – First Data Corp. (NYSE: FDC),
a leader in electronic commerce and payment services, will demonstrate its
market-leading services and discuss the benefits of working through a single
provider for electronic payments and check processing throughout the National
Retail Federation Annual Convention at the Jacob Javitz Convention Center in
New York.
First Data currently offers, directly and through its partners, multi-lane
and specialty retailers, convenience stores, grocery stores and hypermarkets a
breadth of services including debit, loyalty card, gift card, e-check
conversion, electronic benefits transfers (EBT), fleet card, smart card and
credit card processing services. First Data processes virtually any payment
while leveraging the existing synergies between its services and subsidiaries,
such as PayPoint, ValueLink and TeleCheck. These relationships enable First
Data to launch the only comprehensive suite of point-of-sale (POS) solutions
tailored to meet the specific payment requirements of retail merchants.
First Data Merchant Services will demonstrate solutions such as the
LinkPoint All-In-One (AIO) Terminal. The LinkPoint AIO delivers a fully
loaded suite of high-end options including Credit, Debit, EBT, Gift Card
Services/ValueLink Gift Card, Loyalty, Purchase Card, TeleCheck Guarantee and
TeleCheck ECA. With the addition of the eN-Check 2500-check reader from
Ingenico as a peripheral to enable split dial ECA, First Data unveils the Low
Cost Complete Sales Solution. The LinkPoint AIO streamlines the payment
process from start to finish allowing merchants more time to concentrate on
the customer.
TeleCheck, the world’s leading provider of paper and electronic check
services, demonstrates its leading suite of electronic check conversion and
check guarantee services – Electronic Check Acceptance (ECA), Internet Check
Acceptance (ICA) and Checks by Phone. TeleCheck’s sophisticated analytical
scoring models, combined with the largest, most accurately maintained
databases, provides a state-of-the-art risk management tool that helps
merchants accommodate customers while increasing efficiency at the point of
sale.
eONE Global, a worldwide provider of technologically advanced transaction
processing systems, software and professional services, will showcase its
mobile, B2B and tax calculation and compliance solutions from Encorus,
BillingZone and Taxware, respectively. Encorus partners with leading
telecommunications companies to offer mobile payment solutions to their
customers, enabling millions of subscribers to purchase digital content or
traditional goods and services at the point of sale. BillingZone enables
buyers and their vendors to streamline the complexity of invoicing and payment
transactions. Its B2B electronic invoice presentment and payment solutions
provide an effective way to manage the entire invoice-to-cash process.
Taxware is a leading developer of global commercial tax compliance systems
that simplify the tax calculation and compliance process.
PayPoint offers market-leading services while providing the benefits that
can only be achieved when working through a single provider for electronic
payments and check processing. The combined resources of First Data and
PayPoint enable First Data to offer a comprehensive suite of point-of-sale
(POS) solutions tailored to meet merchants’ specific payment requirements.
These synergies position First Data as a single source for customizable
payment solutions that include PIN-based debit, gift cards, loyalty cards,
credit card processing and electronic check conversion.
ValueLink, a division of IPS Card Solutions, Inc., will demonstrate its
traditional gift and spending card programs, as well as Internet and virtual
card applications, cross-consortium programs involving multiple retailers,
customer loyalty tie-ins and cross border and international program offerings.
“First Data has created the future of combined processing,” said Steven L.
VanFleet, senior vice president of product development for First Data Merchant
Services. “Our relationships help to streamline the payment process from
start to finish allowing merchants more time to concentrate on the customer.”
ABOUT FIRST DATA
First Data Corp. (NYSE: FDC), with global headquarters in Denver, helps
power the global economy. As a leader in electronic commerce and payment
services, First Data serves approximately 2.8 million merchant locations,
1,400 card issuers and millions of consumers, making it easy, fast and secure
for people and businesses to buy goods and services using virtually any form
of payment. With 29,000 employees worldwide, the company provides credit,
debit, smart card and stored-value card issuing and merchant transaction
processing services; Internet commerce solutions; money transfer services;
money orders; and check processing and verification services throughout the
United States. First Data also offers a variety of payment services in the
United Kingdom, Australia, Canada, Japan, Mexico, Spain, the Netherlands, the
Middle East and Germany. Its Western Union and Orlandi Valuta money transfer
networks include a total of approximately 135,000 Agent locations in more than
190 countries and territories. For more information, please visit the
company’s Web site at http://www.firstdata.com .
SOURCE First Data Corp.
Web Site: http://www.firstdata.com
