GREENWOOD VILLAGE, Colo. -- Electronic commerce and payment services provider First Data Corp. said it has acquired the assets of Datawire Communication Networks Inc., which provides Internet-based transaction delivery. Financial terms of the deal were not disclosed.
Datawire offers the Datawire VXN, a globally deployed Transaction Delivery Network. The VXN is a 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, such as financial [image-nocss] 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 Greenwood Village, Colo.-based 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 Value Exchange.
Patrick Cummiskey, CEO at Toronto-based Datawire Communication Networks, said, 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. 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.
Serving 4.9 million merchant locations, 1,900 card issuers and their customers, First Data's portfolio of services and solutions includes merchant transaction processing services; credit, debit, private-label, gift, payroll and other prepaid card offerings; fraud protection and authentication 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 two million ATM and retail locations.
Members help make our journalism possible. Become a CSP member today and unlock exclusive benefits, including unlimited access to all of our content. Sign up here.