First Data Launches Global eCommerce Solution for Payment Facilitators
May 18 2017 - 11:00AM
Business Wire
This new solution, Global PFAC, offers more
flexibility and a variety of currencies through a single source
provider
Strengthens First Data’s market-leading
position in global eCommerce
With the rise of the “sharing” economy, companies across
industries are increasingly acting as payment facilitators,
building frictionless commerce capabilities for their customers. As
customers have come to expect a seamless payment experience, these
companies – from ride sharing to home rentals – need a trusted
partner to enable commerce. That’s why today First Data (NYSE:
FDC), a global leader in commerce-enabling technology, announced
the availability of the First Data Global PFAC™ solution, which
offers unmatched capabilities and scope for payment
facilitators.
With First Data’s Global PFAC solution, payment facilitators
have access to a single integration interface, enabling their
merchants to easily authorize transactions in more than 150
currencies worldwide, and settle in 17 currencies.
“Payment facilitators need to be nimble, agile, and have access
to proven technology to achieve global scale, especially as
eCommerce has opened the door for companies to do business
worldwide,” said Shane Fitzpatrick, global head of eCommerce at
First Data. “First Data’s Global PFAC solution empowers merchants
to do business wherever they want, whenever they want, while
streamlining the administrative burden of enabling payments around
the world.”
The Global PFAC solution is structured into two programs to make
it easy for payment facilitators to manage the payment needs of
their customer base. For payment facilitators seeking to serve
smaller customers with a more streamlined approach, the Single MID
Program allows them to manage all merchants with one account. The
Multi MID Program is designed for payment facilitators who would
like to use separate accounts for each customer, as well as access
additional First Data products and services.
Additional benefits of First Data’s Global PFAC solution
include:
- First Data’s easy integration and fast
boarding for payment facilitators’ clients
- Comprehensive payment options
- Industry-leading security and fraud
detection solutions
- Underwriting services
- Robust reporting
- Periodic reviews of transactional rates
and pricing
- Currency conversion and a range of
payment methods, allowing consumers to shop and pay in the currency
and method of their choice
Global PFAC enhances First Data’s robust eCommerce portfolio,
which includes a range of solutions for businesses of all sizes.
Earlier this year, First Data announced the acquisition of
Acculynk, a technology company with unique debit routing
capabilities that help merchants reduce their total cost of payment
acceptance. First Data’s eCommerce portfolio is available across
the First Data client landscape, from multinational corporations to
sole proprietors operating online stores.
For more information on First Data’s eCommerce offerings, please
visit firstdata.com/paymentfacilitators.
About First Data
First Data (NYSE: FDC) is a global leader in commerce-enabling
technology and solutions, serving approximately six million
business locations and 4,000 financial institutions in more than
100 countries around the world. The company’s 24,000
owner-associates are dedicated to helping companies, from start-ups
to the world’s largest corporations, conduct commerce every day by
securing and processing more than 2,800 transactions per second and
$2.2 trillion per year.
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Aimee ErtleyFirst Data404-890-2684Aimee.Ertley@firstdata.com
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