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Thursday, May 11, 2017 8:24:23 AM
TPG owns First Data Corporation. Acquired in 2007.
First Data Corporation is a global payment technology solutions company headquartered in Atlanta, Georgia, United States. The company's STAR interbank network offers PIN-secured debit acceptance at ATM and retail locations.
First Data has a global footprint of 6 million merchants, the largest in the payments industry.[2] The company handles 45% of all US credit and debit transactions, including handling prepaid gift card processing for many US brands such as Starbucks.[2][3] It processes over $1 trillion in card transactions annually, with an 80% market share in gas and groceries.[4] First Data has also provided shopping metrics for national news networks such as USA Today, ESPN, The New York Times and Vox.[5][6][7][8]
The company has been recognized by the UK's Information Commissioner's Office as one of the companies whose binding corporate rules for data privacy are aligned with the EU's Data Protection Directive.
https://en.wikipedia.org/wiki/First_Data.
Now with all the new MFA standards going into the card processing industry currently it would only seem like the next logical step for TPG is to acquire the patents for MFA. WOW
Hopefully I'm not too far off.
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