First Data CEO Taking M&A Break After CardConnect

The video discusses the timeline and rationale behind the acquisition of CardConnect by First Data, highlighting the transformation and innovation of both companies. It outlines the benefits of the acquisition, such as platform expansion and technology tools, and reflects on the company's progress over the past years. The video also touches on future deal activities, financial strategies, and the company's focus on paying down debt while remaining opportunistic.

What was the main reason for merging with CardConnect?

• To enter a new market

• To reduce the number of employees

• To expand the platform and leverage technology

• To increase product prices

What progress did First Data make over the past four years?

• Increased client attrition

• Decreased platform capabilities

• Introduced new technology tools

• Reduced the number of partners

What is the company's primary preference for cash usage?

• Paying down debt

• Expanding office locations

• Investing in new startups

• Increasing employee salaries

How much free cash flow did the company generate last year?

• Over three billion dollars

• Over five hundred million dollars

• Over a billion dollars

• Over two billion dollars

What is the company's approach towards future acquisitions?

• Focusing solely on internal growth

• Being opportunistic while managing current acquisitions

• Acquiring as many companies as possible

• Avoiding any new acquisitions