First Data Corporation (NYSE: FDC) is a payment processing company based in Greenwood Village, Colorado. It was spun-off from American Express in April 1992. First Data's acquisition of First Financial Management Corporation in 1995 brought Western Union under its corporate umbrella. On January 26, 2006, First Data announced plans to spin off Western Union as an independent, publicly traded company. New York Stock Exchange (June 2003) The New York Stock Exchange (NYSE) , also nicknamed the Big Board, is the largest stock exchange in the world in dollar volume and second largest by number of companies listed. ... In computer science, a transaction is a group of logical operations that must all succeed or fail as a group. ... Greenwood Village is a city located in Arapahoe County, Colorado. ... American Express (NYSE: AXP) is a diversified global financial services company, headquartered in New York City. ... 1992 (MCMXCII) was a leap year starting on Wednesday. ... 1995 (MCMXCV) was a common year starting on Sunday of the Gregorian calendar. ... The Western Union Logo Western Union is a financial services and communications company based in the United States and owned by First Data Corporation. ... January 26 is the 26th day of the year in the Gregorian calendar. ... 2006 (MMVI) is a common year starting on Sunday of the Gregorian calendar. ...
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History
First Data's flagship subsidiary, Western Union Financial Services, Inc., pioneered the first electronic money transfer in 1871. First Data was also the first processor of both VISA® and MasterCard® bank-issued credit cards in 1976, and helped link banks through the first ATM network in 1981. The Western Union Logo Western Union is a financial services and communications company based in the United States and owned by First Data Corporation. ... 1871 (MDCCCLXXI) was a common year starting on Sunday (see link for calendar). ... 1976 (MCMLXXVI) was a leap year starting on Thursday. ... Outdoor ATMs may be free-standing, like this kiosk, or built into the side of banks or other buildings An automatic teller machine, automated teller machine (ATM) or cash machine is an electronic device that allows a banks customers to make cash withdrawals and check their account balances without... 1981 (MCMLXXXI) was a common year starting on Thursday of the Gregorian calendar. ...
In addition, FirstData may determine whether its holdings in IPS should be characterized as investment securities, for purposes of section 3(a)(1)(C), on the basis of IPS' assets other than the segregated portfolio.
FirstData, a Delaware corporation, is a leading nonbank provider of various types of electronic commerce and payment services whose overall business purpose is to make commerce more convenient, more efficient, and more secure.
FirstData proposes to treat any such segregated portfolio in the same manner as the one described in this letter provided that there are no material differences in how the segregated portfolio operates and is regulated.
The FirstData values are: embodying the highest ethical standards, satisfying clients by always exceeding their expectations, treating people with respect and dignity, and creating value for the shareholder.
First Financial Management, which was also founded in 1971 and which merged with FirstData Resources in 1995, was created as the data processing unit of the First Railroad and Banking Company of Georgia.
FirstData was also the first processor of both VISA® and MasterCard® bank-issued credit cards in 1976, and helped link banks through the firstATM network in 1981.
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