Payments

Lets Understand in a simple way how First Data, Ingenico and Verifone performed Financially

MEDICI

Verifone (Profitability Concerns in Short Term) 

  • Revenue increased by approx 15% over last five years driven by the growth in company’s European software maintenance and extended warranty services, business acquisitions, and increased repair volumes
  • Revenue increased by approx 14.3% in last two years driven by acquisitions of new businesses, launch of new services and the growth of existing businesses, increased customer demand, and economic improvements
  • Operating loss decreased by approximately 56% over last five years due to decrease in personnel and outside services costs from a global reduction in headcount in sales and marketing, and decrease in spending on travel, trade shows, events and marketing communications
  • Operating profit decreased by approximately 90% in last two years due to increased personnel costs related to headcount growth from acquired businesses and hiring to support business in new geographies and spending related to new products and initiatives

Verifone

Ingenico (Doing good)

  • Revenue increased by approx 18.3% over last five years driven by strong demand from China and Brazil, and dynamic growth in Payment Terminals revenue
  • Revenue increased by approx 8.2% in last two years driven by growth in all business segments and strong demand from emerging economies
  • Operating profit increased by 44% in last five years because of reduced restructuring related charges
  • Operating profit increased by 13.1% in last two years primarily due to better efficiency on operations

Ingenico

First Data (Profitability hurt) 

  • Revenue increased by approx 3.8% over last five years driven by growth in transaction and processing service fees and increase in merchant related services revenue
  • Revenue increased by approx 0.4% in last two years. Revenue remained flat as increases in merchant related services revenue were offset by decreases in card services and check services
  • Operating profit increased by 13.7% over last five years due to lower cost terminal replacements, and decreases in certain costs associated with the BAMS alliance and net check warranty expense
  • Operating profit increased by 12.4% in last two years due to cost reduction initiatives, and shift in processing from the alliance partner to the company related to the BAMS alliance beginning in October 2011

First data_revenue (1)

MEDICI Team

MEDICI

MEDICI Team is a group of content writers, bloggers, journalists, researchers, and editors from the MEDICI team who collaborate to create FinTech insights.

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