01.02.2007 22:19:00
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TASQ Technology Expands into Canadian Market
TASQ Technology, a subsidiary of First Data Corp. (NYSE: FDC) and one of
the largest providers of Point of Sale (POS) equipment and services for
the credit, debit, and check markets in the U.S., has announced its
expansion into the Canadian market. The expansion is a result of First
Data’s acquisition of Solika Solutions, Inc.,
a proven provider of inventory management solutions in the Canadian POS
industry. Financial terms of the deal were not disclosed.
TASQ offers a full array of POS sales, services and support. This
includes equipment sales, inventory management, repair, deployment, call
center services, supplies and other logistics services. This Canadian
acquisition will be the first TASQ deployment operation outside of the
United States.
"This acquisition is an ideal fit for TASQ.
Our premium technology and progressive end-to-end service offerings
separate us from our competition and enable us to offer our customers
high-quality, single-source solutions,” said
Earney Stoutenburg, President, TASQ Technology. "We
are excited to leverage First Data’s global
reach and Solika’s industry knowledge,
experience and infrastructure to bring TASQ services to Canada.”
This acquisition perfectly complements First Data’s
existing business in Canada and will provide its clients further choice
of innovative solutions. Currently, First Data provides merchant
acquiring processing services and card issuing processing services from
office locations in Canada.
"The expansion of TASQ into the Canadian
marketplace supports First Data’s global
expansion strategy and reinforces our market-leading position as a
worldwide payment processing company delivering locally,”
said Peter Harrington, President, Latin America and Canada, First Data
International.
About TASQ Technology
TASQ Technology, a subsidiary of First Data, is one of the largest
providers of Point of Sale (POS) equipment and services in North
America. For over a decade, TASQ has been known as a premier one-source
solution for deployment, call center services and supplies. TASQ’s
high-quality, single-source solutions and progressive end-to-end service
offerings allows the company to provide its customers - Financial
Institutions, transaction processors, and ISOs alike - with all of the
equipment, support and service necessary to be successful. For more
information, visit www.tasq.com.
About First Data
First Data International, part of First Data Corp. (NYSE:FDC), is a
leading provider of electronic commerce and payment solutions for
financial institutions and merchants around the world. First Data
International serves a diverse range of markets, leveraging global scale
through a local presence and maintaining focus on individual client
needs. The company has more than 7,900 employees and operates across
Europe, Middle East and Africa, Latin America, Canada, Australia and
Asia-Pacific.
First Data Corp. is a leading provider of electronic commerce and
payment solutions for businesses worldwide. Serving 4.9 million merchant
locations, 1,900 card issuers and their customers, First Data powers the
global economy by making it easy, fast and secure for people and
businesses around the world to buy goods and services using virtually
any form of payment. The company's portfolio of services and solutions
includes merchant transaction processing services; credit, debit,
private-label, gift, payroll and other prepaid card offerings; fraud
protection and authentication solutions; electronic check acceptance
services through TeleCheck; as well as Internet commerce and mobile
payment solutions. The company's STAR Network offers PIN-secured debit
acceptance at 2 million ATM and retail locations. For more information,
visit www.firstdata.com.
FDC-1
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