First Data is #9 in Top 21 Payment Processing services

Last updated: November 05, 2014
First Data is a global provider of electronic commerce and payment solutions. Around the world, every second of every day, First Data simplifies the connections that make commerce possible for merchants, financial institutions and their customers.

Positions in ratings

#9 in Top 21 Payment Processing services


The best alternatives to First Data are: PayPal, Square, Authorize.Net, Stripe

Latest news about First Data

2014. First Data takes on Square with its portable payments terminal

Payment processing giant First Data announced a new mobile product Clover Mobile that turns the POS system into a handheld slate. Clover Mobile has a magnetic stripe reader for standard card transactions, but also contains a slot for next-generation credit cards supporting the Chip-and-PIN transactions that are already standard overseas but arriving on U.S. shores this time next year. To support Apple Pay, Google Wallet and Softcard transactions, the tablet has an embedded near-field communications (NFC) radio. The tablet runs the regular Clover Station software on an Android-based operating system, and it has access to the Clover app store, where retailers can download POS, inventory and marketing software. While the portable payments terminal definitely takes aim at Square’s core small business customer base, Clover Mobile is probably more a means for First Data to protect its existing turf than expand into new markets. As Square and other new payment processors expand into bigger brick-and-mortar retail locations and restaurants, the traditional banks and payments processors trying to innovate with software and design.