Glossary
First Data®
First Data is a prominent global leader in payment technology and services, offering a comprehensive range of solutions tailored to the diverse needs of merchants and financial institutions. The company operates in 36 countries and employs approximately 24,000 individuals. It provides its services to over 6 million merchant locations and numerous financial institutions across the globe, ranging from small businesses to some of the world's largest corporations.
With a processing capability that exceeds 2,500 financial transactions per second, First Data manages a substantial volume of global financial activities. The company's robust infrastructure and extensive network of partnerships enhance its service offerings, going "beyond the transaction." This includes advanced Point-of-Sale (POS) technology equipped with powerful analytics tools designed to detect fraud, analyze consumer spending patterns, and boost customer loyalty.
First Data's influence in the payment industry is marked by its commitment to security and innovation, ensuring that businesses around the world can execute transactions smoothly and securely. The company's technologies and services are pivotal in shaping the future of global commerce, providing critical infrastructure for the evolving demands of modern businesses.