Summary
- First Data has acquired ayCash for an undisclosed sum.
- ayCash provides a range of payment processing services to German merchants.
- FDC is acquiring payment technologies as it seeks to widen and deepen its footprint on a global scale as the payments industry consolidates.
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Quick Take
First Data (FDC) announced it has acquired ayCash for an undisclosed amount.
ayCash operates as a cashless payment terminal and retail services provider in Germany.
FDC is continuing to acquire payment processors in major countries that are prone to adopting wider use of electronic payments.
