0 Comments
DENVER — First Data Corp. has announced plans to acquire InComm, a marketer and distributor of stored-value products. Specific terms and conditions of the agreement were not disclosed, but the transaction is expected to be accretive to First Data.
 
The acquisition is expected to wrap in the second quarter of this year.
 
With more than $300 million in 2007 revenue and almost $8 billion in retail-sales transactions processed in 2007, InComm is one of the United States' largest distributors of gift cards, prepaid wireless products, reloadable debit cards, digital music downloads, content, games, software and bill-payment solutions.
 
"The combination of First Data and InComm propels us into having a holistic prepaid product suite that includes banking products, payroll solutions, closed and open loop gift cards and now expanded distribution," said Ed Labry, president of First Data Corp.'s USA division. "We look forward to leveraging InComm's expertise and robust retail network to offer end-to-end prepaid solutions to our retail customers around the world."
 
InComm's innovative product and technology advancements in the United States have positioned the company well for continued international expansion. InComm provides stored-value product marketing and technology solutions to international markets in Europe and Canada.
 
Brooks Smith, current president and chief executive of InComm, will become the leader of First Data's Global Prepaid Services division when the transaction closes.
 
"First Data's global reach, unmatched scope of solutions and commitment to service excellence will not only enable us to enter new international markets, but also help to expand distribution and deliver innovative prepaid solutions to the small and mid market," Smith said.

Related Content

Reader Comments

Add a Comment

We welcome your thoughtful comments. All comments will display your real name.

Want to participate in the discussion?

Or log in for complete access.

  • Clear
  • Post
Be the first to post a comment for this story.
Products & Services

atmAd Solution

http://global.networldalliance.com/new/images/products/atmAd_logo_100_1108.gif

588/atmAd-Solution

Walk Up ATM - Monimax 5100T

http://global.networldalliance.com/new/images/products/nautilus_5040.gif

784/Walk-Up-ATM-Monimax-5100T

Custom ATM Accessories

http://global.networldalliance.com/new/images/products/4542.png

4542/Custom-ATM-Accessories

Shooting Sports Package

http://global.networldalliance.com/new/images/products/4663.png

4663/Shooting-Sports-Package

Mobile ATM

http://global.networldalliance.com/new/images/products/Mobile_ATM.jpg

832/Mobile-ATM

ATM Canopies & Buildings

http://global.networldalliance.com/new/images/products/1079.png

1079/ATM-Canopies-Buildings

Check Dispenser ATM

http://global.networldalliance.com/new/images/products/Itautec_IW1402.gif

733/Check-Dispenser-ATM

ATM Vault Cash

http://global.networldalliance.com/new/images/products/ATMVaultCash_0309.gif

639/ATM-Vault-Cash

Prepaid Media, Premiums & Incentives Dispensed via Enabled ATMs

http://global.networldalliance.com/new/images/products/ATM_Dispensing_Card_100.gif

910/Prepaid-Media-Premiums-Incentives-Dispensed-via-Enabled-ATMs

Two Way Wireless for ATMs, The DPL Group Hercules Plus

http://global.networldalliance.com/new/images/products/931.png

931/Two-Way-Wireless-for-ATMs-The-DPL-Group-Hercules-Plus

Request Information From Suppliers
Save time looking for suppliers. Complete this form to submit a Request for Information to our entire network of partners.