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Article: First Data Corp. Acquires Paymap Inc. Addition Allows First Data Subsidiary Western Union To Offer New Money Management Solutions.
- Article from:
- PR Newswire
- Article date:
- April 9, 2002
CopyrightCOPYRIGHT 2002 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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DENVER -- First Data Corp. , a global leader in electronic commerce and payment services, today announced the acquisition of Paymap Inc., a San Francisco-based financial services company offering proprietary electronic payment services to financial institutions. Financial terms of the deal were not disclosed.
Paymap will become part of First Data's Western Union Financial Services subsidiary. Its addition will aid Western Union in its goal of extending its current portfolio of payment services into previously unserved markets. By broadening the scope of its services, Western Union will offer the convenience and value of a full range of funds transfer, bill ...