New Company to Develop E-Payment Solutions

Share this content:
First Data Corp. and iFormation Group, New York, yesterday launched eOne Global LP, a new company designed to develop and provide emerging payment technologies and services for e-commerce.

EOne will be an online payment company that can give clients and customers immediate access to First Data's distribution channels, payment products and existing relationships.

First Data, Atlanta, which owns Western Union, has 2 million merchant locations and 1,400 card issuers.

IFormation, a company created by Goldman Sachs, Boston Consulting Group and General Atlantic Partners to back online businesses, will put up $135 million in cash and receive a 25 percent equity interest in eOne. First Data has invested $360 million for 75 percent of the equity in the company.

EOne will be based in Menlo Park, CA, with offices in Omaha, NE; New York, Denver, London and Hong Kong.

Next Article in Marketing Strategy

Sign up to our newsletters

Company of the Week

Brightcove is the world's leading video platform. The most innovative and respected brands confidently rely on Brightcove to solve their most demanding communication challenges because of the unmatched performance and flexibility of our platform, our global scale and reliability, and our award-winning service. With thousands of customers and an industry-leading suite of cloud video products, Brightcove enables customers to drive compelling business results.

Find out more here »

Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here

Relive the 2017 Marketing Hall of Femme

Click the image above