TORONTO, Feb 01, 2007 (BUSINESS WIRE) -- TASQ Technology, a subsidiary of First Data Corp. (NYSE: FDC) and one of the largest providers of Point of Sale (POS) equipment and services for the credit, debit, and check markets in the U.S., has announced its expansion into the Canadian market. The expansion is a result of First Data's acquisition of Solika Solutions, Inc., a proven provider of inventory management solutions in the Canadian POS industry. Financial terms of the deal were not disclosed.
TASQ offers a full array of POS sales, services and support. This includes equipment sales, inventory management, repair, deployment, call center services, supplies and other logistics services. This Canadian acquisition will be the first TASQ deployment operation outside of the United States.
"This acquisition is an ideal fit for TASQ. Our premium technology and progressive end-to-end service offerings separate us from our competition and enable us to offer our customers high-quality, single-source solutions," said Earney Stoutenburg, President, TASQ Technology. "We are excited to leverage First Data's global reach and Solika's industry knowledge, experience and infrastructure to bring TASQ services to Canada."
This acquisition perfectly complements First Data's existing business in Canada and will provide its clients further choice of innovative solutions. Currently, First Data provides merchant acquiring processing services and card issuing processing services from office locations in Canada.
"The expansion of TASQ into the Canadian marketplace supports First Data's global expansion strategy and reinforces our market-leading position as a worldwide payment processing company delivering locally," said Peter Harrington, President, Latin America and Canada, First Data International.
About TASQ Technology
TASQ Technology, a subsidiary of First Data, is one of the largest providers of Point of Sale (POS) equipment and services in North America. For over a decade, TASQ has been known as a premier one-source solution for deployment, call center services and supplies. TASQ's high-quality, single-source solutions and progressive end-to-end service offerings allows the company to provide its customers - Financial Institutions, transaction processors, and ISOs alike - with all of the equipment, support and service necessary to be successful. For more information, visit www.tasq.com.
About First Data
First Data International, part of First Data Corp. (NYSE:FDC), is a leading provider of electronic commerce and payment solutions for financial institutions and merchants around the world. First Data International serves a diverse range of markets, leveraging global scale through a local presence and maintaining focus on individual client needs. The company has more than 7,900 employees and operates across Europe, Middle East and Africa, Latin America, Canada, Australia and Asia-Pacific.
First Data Corp. is a leading provider of electronic commerce and payment solutions for businesses worldwide. Serving 4.9 million merchant locations, 1,900 card issuers and their customers, First Data powers the global economy by making it easy, fast and secure for people and businesses around the world to buy goods and services using virtually any form of payment. The company'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 2 million ATM and retail locations. For more information, visit www.firstdata.com.
FDC-1
SOURCE: TASQ Technology
TASQ Technology
Elizabeth Grice, 303-967-8526
elizabeth.grice@firstdatacorp.com
or
First Data International
Julie Holan, 321-263-3838
julie.holan@firstdata.com
Copyright Business Wire 2007
News Provided by COMTEX
