First Data, InComm Terminate Acquisition Plans

Greenwood Village, Colo.-based First Data, provider of electronic commerce and payment processing services, and InComm, an Atlanta-based marketer and distributor of stored value, gift and prepaid products, have mutually agreed to terminate the planned acquisition of InComm.

Instead, First Data and InComm have signed a distribution agreement and will continue to support their joint customers with prepaid card processing, program management and a distribution network that allows First Data and its merchants to sell prepaid products in InComm prepaid card malls.

Peggy Bresnick Kendler has been a writer for 30 years. She has worked as an editor, publicist and school district technology coordinator. During the past decade, Bresnick Kendler has worked for UBM TechWeb on special financialservices technology-centered ... View Full Bio