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The Green Sheet Online Edition

January 23, 2012 • Issue 12:01:02

10 Years ago in
The Green Sheet

    First Data acquires Cardservice

    After purchasing 50 percent interest in Cardservice International Inc. in 1997, First Data Corp. completed the acquisition in 2002 by purchasing the remaining 50 percent interest. Cardservice retained its name and continued providing processing and risk management services through its nationwide network of sales agents.

    MasterCard touts EBPP

    MasterCard International (now MasterCard Worldwide) launched an educational campaign to broaden consumer awareness of electronic bill presentment and payment (EBPP). By promoting the benefits of EBPP, the company hoped to drive the long-awaited adoption and aggressive growth the company envisioned for EBPP.

    Fed provides snapshot on payments

    Federal Reserve data presented in A Snapshot of the Retail Payments System showed that 50 billion checks were written in 2000 valued at $47.4 trillion, while an estimated 30 billion payments were initiated electronically at a total value of $7.2 trillion. The Fed was then under a mandate from Congress to promote electronic alternatives to checks. end of article

    Notice to readers: These are archived articles. Contact names or information may be out of date. We regret any inconvenience.

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