![]() The following pros and cons are based on information available on Clover POS’s website and reviews from Trustpilot. Over $1.9 trillion goes through them every year and they process 28% of the world’s eCommerce volume. They have award winning technology which is powered by 23,000 owner-associates worldwide, allowing them to process over 2,800 transactions per second. The company now has a worldwide presence across 118 countries, serving 4000 financial institutions and six million merchants. First Data was incorporated in 1989 and went public in 1992. The company grew over the next decade and in 1980, American Express bought 80% of the company, purchasing the remaining 20% over the next 4 years. Just two years later the company was acquired by First Data.įirst Data began its life in Omaha, Nabraska in 1971 by providing processing services to the Mid-America Bankcard Association (MABA).
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