First Data
ProviderEmbedded-finance provider tracked in the Embedded Finance Index — disclosed by 14 companies across 1 category.
CategoriesPSP
Rank#28 of 528 in PSP
Buyers14 companies
HeadquartersMilwaukee, Wisconsin, USA
Founded1984
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Founders & story · from First Data’s own dossier
Fiserv was founded in 1984 serving core processing for US banks and credit unions. Its transformative event was the 2019 merger with First Data, which added Clover, merchant acquiring, and global payment processing scale, making Fiserv one of the four dominant US merchant processors (alongside JPMorgan, Global Payments, and Worldpay). More recently it has pivoted toward embedded finance — lending, BaaS, digital payouts, and program management (Payfare, acquired 2025) — positioning itself against digitally-native processors like Stripe and Adyen.
Latest round: Public (Nasdaq: FISV)
Recent developments
- 2023-10Fiserv and Plaid announce agreement to enable secure, credential-less API-based data sharing for ~3,000 bank/CU clients via AllData Connect. source ↗
- 2025-10Fiserv signs definitive agreement to acquire StoneCastle Cash Management to aggregate institutional deposits and support FIUSD stablecoin issuance. source ↗
- 2026-07-01Selected as exclusive embedded finance provider for Datavault AI's planned NIL Exchange marketplace. source ↗
- 2026-10-01Digital Asset Platform went live with its first production client: Bank of North Dakota's “Roughrider Coin,” a dollar-backed stablecoin giving 90+ North Dakota banks and credit unions interbank settlement through Fiserv's Commercial Center online banking — VersaBank issues and custodies the coin, Fireblocks supplies tokenization infrastructure, settlement runs on Solana. source ↗
Who uses First Data
14 companies disclose First Data in their stack
Buyer mix · 14 of 14 classified
Vertical SaaS / Payments · 3Infrastructure / Payments · 2Vertical SaaS / Hospitality · 2Fintech / Payments · 1Infrastructure / Core Banking · 1Vertical SaaS / Faith-based (Church giving & management) · 1Vertical SaaS / Government Payments · 1Vertical SaaS / Health & Fitness · 1
What the disclosures say
Cardpayment Services“cardpaymentservices.net/partner-solutions: 'CPS processes on First Data and TSYS platforms'; cardpaymentservices.net/payment-solutions: 'Clover Mini...”
Datafi Payments“Homepage explicitly states 'Long-established partnerships with credit card processing companies, including First Data, allow us to pass savings on to you.' Homepage also mentions 'data encryption and tokenization' as a feature offered via technology partners.”
Electronic Payment Exchange (epx)“epx.com homepage: 'EPX combines the functionality of an ISO, merchant acquirer, gateway, front-end, and back-end processor under one roof.' North American Bancard partner page: 'We own EPX… we still work with our partners Global Payments since 1992 and First Data since 2007.' Authorize.net processor list explicitly nam…”
Subscribe Pro“Terms of Service: 'Our Service integrates with tokenized payment gateways (Authorize.Net, Braintree, CyberSource, First Data and others)'.”
JustiFi“Registered ISO in Canada with Wells Fargo and First Data.' Homepage advertises cards, ACH, digital wallets, BNPL — online and in-person; Configurable Fees API and justifi-checkout web components.”
T2 Systems“Digital Iris merchant-account documentation lists direct integrations with ADS, First Data (Concord/Nashville), First Horizon, Link2Gov, Moneris, Paymentech, Heartland, Elavon, Converge and TD Merchant Services, with Authorize.Net as a gateway.”
The complete buyer list and each company’s full embedded-finance stack are in the
Embedded Finance Index report. Represent First Data? Claim this profile above to unlock your own full list.
Sample distribution — illustrative only, not First Data’s actual buyers.
🇺🇸 United States · 40🇬🇧 United Kingdom · 22🇩🇪 Germany · 14🇮🇳 India · 12🇫🇷 France · 9🇸🇬 Singapore · 7🇦🇺 Australia · 6🇧🇷 Brazil · 5+2 more
What First Data runs on · from its own dossier
The third-party providers First Data itself discloses, layer by layer — the vendor as a buyer. Distinct from the companies above that disclose First Data.
Alternatives to First Data
Other PSP providers in the index, by the number of companies that disclose them. A count of public disclosures, not a ranking of the products.
Share this rank
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<img src="https://www.embeddedfinanceindex.com/api/badge/first-data/install" width="1" height="1" alt="" style="display:none">First Data — frequently asked
Which companies use First Data?
14 companies are linked to First Data in the Embedded Finance Index 2026, through their own public disclosures or First Data's published customer list, including Cardpayment Services, Datafi Payments, Electronic Payment Exchange (epx), Subscribe Pro, JustiFi, Hotelogix, T2 Systems, Daxko, 360 Payment Solutions, North American Bancard and 2 others.
What does First Data do?
First Data is an embedded-finance provider in PSP. It ranks #28 of 528 PSP providers by linked companies.
What are the alternatives to First Data?
The most-named PSP alternatives to First Data are Stripe (782 buyers), Adyen (317 buyers), PayPal (153 buyers), Checkout.com (114 buyers), Worldpay (88 buyers) and Mollie (63 buyers).
Where is First Data headquartered?
First Data is founded in 1984 and headquartered in Milwaukee, Wisconsin, USA.
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