Tom Foremski

Tom Foremski reports on the business and culture of Silicon Valley at the intersection of technology and media.

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First Data Could Allow User Generated Financial Credit Reports

At the recent Fortune Brainstorm conference I spoke with Michael Capellas, CEO of First Data, which processes about one-half of all US credit card transactions.He said that the company collects massive amounts of financial data and that this part of the business is just ten percent of revenues--he wants it to be one half of total revenues within the next two years.

July 31, 2008 by

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