The payment processor's monthly SpendTrend report said despite the dip, overall spending remains healthy.
Payments processor First Data Corp. said it has received $3.5 billion in new investment, financially stabilizing the firm and reducing its debt burden.
Payments processor announces CEO Frank Bisignano has done such a good job, he's also been named chairman of the board.
First Data Corp. reported that January's harsh weather significantly lowered consumer spending from the previous month.
While spending dropped overall due to winter weather, retailers selling necessities and cold weather supplies saw robust growth.
Qualified credit unions must use personalization processes and chip certification to match the faster program.
The world's largest payment processor outsources 21 administrative jobs at its Omaha location.
J.P. Morgan VP shared information with his childhood friend on at least 15 pending transactions, including the First Data acquisition.
At least one ratings agency has approved a move by private equity firm KKR & Co. and other investors to inject another $300 million into First Data Corp., a major payments processing firm used by both credit unions and banks.
Fitch gives "modest positive" to KKR move to retire most of $2 billion in 11.5% debt from 2007 private equity takeover.