First Data Completes Acquisition of Cashcard Australia

Thursday 15 April 2004 08:33 CET | News

First Data has completed its merger with Cashcard Australia Limited, a leading electronic payments service provider in the Australian marketplace. Financial terms of the transaction were not disclosed.

The combined entity will process more than 1 billion electronic payment transactions per year and operate over 8,000 ATMs in Australia. Under terms of the agreement announced in December 2003, First Data acquired 100 percent of Cashcard Australia Limited shares. Cashcard Australia Limited shareholders voted to approve the acquisition on March 24, 2004.

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Categories: Payments & Commerce | Payments General
Countries: World
This article is part of category

Payments & Commerce