First Data Acquires Datawire Communication Networks.Datawire's Unique IP Communication Brings Fast, Reliable and Inexpensive Transaction Transport to Merchants Around the Globe DENVER -- First Data Corp. (NYSE NYSE See: New York Stock Exchange : FDC FDC - Floppy Disk Controller ), a global leader in electronic commerce and payment services, today announced it has acquired the assets of Datawire Communication Networks Inc., a leader in Internet-based transaction delivery. Financial terms of the deal were not disclosed. Datawire Communication Networks Inc. offers the Datawire VXN VXN The implied volatility on the Nasdaq 100 (NPX) option. This volatility is meant to be a forward looking volatility. It is calculated from both calls and puts that are near the money. [R], a globally deployed Transaction Delivery Network. The VXN is a fast and secure network built for moving transactions over the Internet, and fully managed by Datawire. The VXN network is designed to globally transport any real-time data Real-time data denotes information that is delivered immediately after collection. There is no delay in the timeliness of the information provided. Some uses of this term confuse it with the term dynamic data. , such as financial transactions, with optimum security and reliability. "The acquisition of Datawire helps First Data further its global lead and commitment to Internet Protocol-based transactions," said Barry McCarthy, president of Product Innovation at First Data Commercial Services. "The Datawire VXN technology is an important and strategic complement to other recently announced proprietary products including the FD-100 terminal and the First Data POS (1) See point of sale and packet over SONET. (2) "Parent over shoulder." See digispeak. POS - point of sale Value Exchange." Established in 1999, Datawire has proven the benefits of the VXN through successful connectivity to industry-leading payment processors and integration with many point-of-sale applications and devices to provide fast and secure transaction transport. The successful adoption of the Datawire network by the financial transaction processing Updating the appropriate database records as soon as a transaction (order, payment, etc.) is entered into the computer. It may also imply that confirmations are sent at the same time. Transaction processing systems are the backbone of an organization because they update constantly. services industry has led to cost savings, flexibility, increased revenue and increased ease of use for its customers. "We're committed to continuing the same great service for our current customers, which are some of the world's largest payment processors and merchant acquirers," said Patrick Cummiskey, chief executive officer at Datawire Communication Networks. "Additionally, we look forward to supporting the international expansion efforts of First Data by offering Datawire's solutions to its clients and merchant customers around the globe." About First Data First Data Corp. (NYSE: FDC) is a leading provider of electronic commerce and payment solutions for businesses worldwide. Serving 4.9 million merchant locations, 1,900 card issuers and their customers, First Data powers the global economy by making it easy, fast and secure for people and businesses around the world to buy goods and services In economics, economic output is divided into physical goods and intangible services. Consumption of goods and services is assumed to produce utility (unless the "good" is a "bad"). It is often used when referring to a Goods and Services Tax. using virtually any form of payment. The company's portfolio of services and solutions includes merchant transaction processing services; credit, debit, private-label, gift, payroll and other prepaid pre·pay tr.v. pre·paid, pre·pay·ing, pre·pays To pay or pay for beforehand. pre·pay  ment n. card offerings; fraud protection and authentication (1) Verifying the integrity of a transmitted message. See message integrity, e-mail authentication and MAC.(2) Verifying the identity of a user logging into a network. solutions; electronic check acceptance services through TeleCheck; as well as Internet commerce and mobile payment solutions. The company's STAR Network offers PIN-secured debit acceptance at 2 million ATM and retail locations. For more information, visit www.firstdata.com. FDC-1 |
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