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In May 2017 First Data announced their Global PFAC product, which provided payment facilitators with access to a single integration interface. On May 29, 2017, First Data announced its plans to acquire CardConnect, a provider of payment processing which processed approximately $26 billion of volume annually, for $750 million.
Clover was acquired on December 28, 2012, by First Data Corporation, which itself was acquired by Fiserv, the world's largest merchant acquirer, on July 29, 2019. Bank of America Merchant Services was the first to announce it would sell Clover to its merchant base in October 2013.
Advised CardConnect on its sale to First Data for $750 million in May 2017. The fee charged struck First Data executives as so egregious that they asked CardConnect to get it reduced. Advised Cayan on its acquisition by TSYS for $1 billion in January 2018. Advised GreenSky on its IPO in May 2018.
KING OF PRUSSIA, PA-- CardConnect has agreed to merge with FinTech Acquisition Corp. in a $350 million deal, according to multiple reports.-- CardConnect has agreed to merge with FinTech Acquisition
In 2018, MoneyPass — surcharge-free debit card and ATM processing network, acquired from Elan Financial Services, a unit of U.S. Bancorp [25] was then acquired by Fiserv. In 2019, First Data — payment processor was acquired for $22 billion, making it one of the largest acquisitions in the financial technology sector.
First Databank (FDB) is a major provider of drug and medical device databases that help inform healthcare professionals to make decisions. FDB partners with information system developers to deliver useful medication- and medical device-related information to clinicians, business associates, and patients.
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