LAS VEGAS--(BUSINESS WIRE)--Last night in Las Vegas, First Data Chairman and CEO Frank Bisignano delivered the keynote speech kicking off the third annual Money 20/20, the leading global event for innovations in money. The keynote, which was presented to leaders from across the payments industry, shined a spotlight on the major milestones First Data has achieved in the year since Bisignano took the Money 20/20 stage.
Last year, Bisignano introduced the “New First Data” and promised to transform the company from a payments processor to a full-service technology, information and solutions provider. Since then, First Data secured a $3.5 billion private placement, strengthening the company’s financial situation, as well as invested $80 million in the First Data financial services business. Further, First Data launched more than 50 products and services designed to better meet the needs of the company’s clients.
During the speech, Bisignano expanded on First Data’s commitment to help merchants grow their businesses. Referencing the Clover™ Solution, a dynamic business management solution, the First Data CEO announced that more than 26,000 Clover sales have been completed since its launch. Bisignano also discussed other major components of the First Data small business portfolio, including Insightics™, Gyft®, the enhanced TransArmor® Solution and the Perka™ beacon. The portfolio is designed to help merchants provide their customers with a secure, simple shopping experience and engage with them beyond the point of sale.
“We recognize that First Data sits at the nexus of this industry, and we have spent the last year and a half rebuilding the company in order to better serve our clients,” said Frank Bisignano of First Data. “First Data is a waterfront property, and we are in the business of helping our clients grow their businesses. We want to work with each of you to prepare for the next generation of payments technology.”
Bisignano also elaborated on EMV™ and tokenization, referring to the new technology as a chance to change the point-of-sale and interactions between merchants and customers. Further, he shared more on First Data’s role as the grand collaborator in the payments ecosystem, and how the company is instrumental in shaping commerce and leading the way towards the future of payments.
About First Data
First Data is a global technology leader in the financial services industry. With 24,000 employee-owners and operations in 35 countries, the company provides secure and innovative payment technology and services to more than six million merchants and financial institutions around the world, from small businesses to the world’s largest corporations. Today, businesses in nearly 70 countries trust First Data to secure and process more than 2,000 financial transactions per second, totaling $1.8 trillion a year. First Data’s unparalleled infrastructure, scale and partnerships go “beyond the transaction” with next-generation point-of-sale technology fueled by powerful analytics to detect fraud, gain insights into consumer spending, and strengthen customer loyalty. All day, every day, First Data helps its clients thrive in the evolving world of commerce.