First Data Completes Acquisition of BluePay


 
 
04:09 12/01/2017

First Data Corporation FDC , a global leader in commerce-enabling technology and solutions, 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.

It has been a very busy end of the year for FDC . In late October, First Data announced new initiatives with Apple AAPL  designed to broaden the distribution of First Data’s Clover® devices and accelerate the expansion and digital transformation of Apple Pay. First Data’s Clover Go device, an EMV and Apple Pay-enabled mobile card reader that gives business owners the flexibility to accept secure payments anywhere, will be available in the coming weeks on Apple.com and in Apple retail stores across the United States.

Apple Pay is transforming mobile and digital payments with easy, secure payments that are fast and convenient. First Data is supporting the further expansion of Apple Pay by enabling merchants to offer loyalty, gift, and stored value card solutions through integration with Gift Solutions and the Clover platform. This collaboration further enhances the Apple Pay user experience while boosting loyalty for the merchant.

First Data was one of the first payment technology companies to support the launch of Apple Pay. Today, more than one million of First Data’s business clients now accept Apple Pay.

“Enabling Apple Pay for our merchant clients allows us to offer our clients more forms of payment acceptance. This ensures that they can meet the evolving preferences of their customers through the secure, user-friendly experience Apple Pay delivers,” said Dan Charron, Executive Vice President, Global Business Solutions, First Data. “Apple is also giving us a great opportunity to create brand awareness for Clover Go devices, which we expect will benefit all of our sales channels.”


This article has been provided by a Chasing Markets contributor. All content submitted by this author represent their personal opinions, and should be considered as such for entertainment purpose only. All opinions expressed are those of the writer, and may not necessarily represent fact, opinions, or bias of Chasing Markets.
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