Selected Client List
Financial Services (see other industries)
Overcoming Performance Problems
The Challenge
RTMG integrated the Nashville center to the Fastrak X.25 clearing network for swipe terminal transactions. This enabled First Data to redeploy the systems in Nashville to process the new POS transaction stream, thus preserving and increasing its share of the transaction processing market.
The Solution
First Data found that its Nashville credit card payment clearing center was isolated from the emerging global networks for transaction processing. As more credit card transactions migrated from paper charge slips to point-of-sale card swipe terminals, the Nashville center's capabilities were becoming underutilized.
Background
Since its flagship subsidiary Western Union Financial Services, Inc. pioneered the first electronic money transfer in 1871, First Data has been sending money safely, securely, and reliably. From that auspicious beginning to becoming the first processor of both VISA® and MasterCard® bank-issued credit cards in 1976, First Data has been instrumental in every development involving the electronic transfer of money. Whether by linking banks through the first ATM network (1981) or forming partnerships that created the earliest Internet portals, First Data has been erasing geographic boundaries to connect people across the globe.
