Don't sleep on First Data Data a $1. PPS acct.?
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Posted On: 02/15/2019 12:18:38 PM
Don't sleep on First Data Data a $1. PPS acct.?
ACS has worked on this account tirelessly for a couple of years.
There were several delays in testing , and testing and more testing. Peeps wanted to linch Kay over the delays. However Big accounts of this nature require perfection when you turn the keys and start her up it can't sputter! And go back into the shop for a tune up. It has to purr like an indy car. Might have been another reason for the delay we were not aware of.
I never thought of it before , but perhaps one of the reasons recent delay for the last 6 months or so , remember Kay said in the fall 2018 we will see millions from huge accounts, might 1 of have been talking about First Data ?
I am making an educated speculation on this ,might the reason for the delay be the fact that TPG who owns First Data was in the process of selling First Data to FinServ , so perhaps they delayed implementation to keep the cost down during selling process, dre. Again just speculating on my part.
How big a client is First Data Corp? It has from a google search I did about 8 mil merchant service accounts processing credit cards. .
Remember OOBA is mandatory in the PCI Payment Card industry. Encryption is not. If encryption is included it could be more revs.
How might the OOBA process work with PCI clients?
Well, If everyone wakes up and fires up their computer and gets an OOBA to log into system . Thats 1 per day. How many computers are fired up per account per location? Lets just say each of the 8 mil PCI clients used just 1 OOBA,
I don't know the exact cost of OOBA, just guessing here I believe SFOR charges well north of .10
If cost is .10 per OOBA authentication 800,000 a day if we charged .10 per authentication that would be 800,000 a day X's 30 days = 24 mil a month
If .05 it were per authentication it would be 12 mil a month (144 mil annually) .10 would be 24 mil a month.(288 mil annually) Maybe lower maybe higher, you get the idea.
This would be monthly recurring revenue. I believe we normally charge more than .10 per authentications for large deals. Not sure however. Even if the cost was .04 or .03 per OOBA still a lot of money.
Like the dismissal First Data will certainly be well worth the wait.
Could you see dollars in SFORs PPS on the kind of revenue from First Data alone?
Something to think about!
ACS has worked on this account tirelessly for a couple of years.
There were several delays in testing , and testing and more testing. Peeps wanted to linch Kay over the delays. However Big accounts of this nature require perfection when you turn the keys and start her up it can't sputter! And go back into the shop for a tune up. It has to purr like an indy car. Might have been another reason for the delay we were not aware of.
I never thought of it before , but perhaps one of the reasons recent delay for the last 6 months or so , remember Kay said in the fall 2018 we will see millions from huge accounts, might 1 of have been talking about First Data ?
I am making an educated speculation on this ,might the reason for the delay be the fact that TPG who owns First Data was in the process of selling First Data to FinServ , so perhaps they delayed implementation to keep the cost down during selling process, dre. Again just speculating on my part.
How big a client is First Data Corp? It has from a google search I did about 8 mil merchant service accounts processing credit cards. .
Remember OOBA is mandatory in the PCI Payment Card industry. Encryption is not. If encryption is included it could be more revs.
How might the OOBA process work with PCI clients?
Well, If everyone wakes up and fires up their computer and gets an OOBA to log into system . Thats 1 per day. How many computers are fired up per account per location? Lets just say each of the 8 mil PCI clients used just 1 OOBA,
I don't know the exact cost of OOBA, just guessing here I believe SFOR charges well north of .10
If cost is .10 per OOBA authentication 800,000 a day if we charged .10 per authentication that would be 800,000 a day X's 30 days = 24 mil a month
If .05 it were per authentication it would be 12 mil a month (144 mil annually) .10 would be 24 mil a month.(288 mil annually) Maybe lower maybe higher, you get the idea.
This would be monthly recurring revenue. I believe we normally charge more than .10 per authentications for large deals. Not sure however. Even if the cost was .04 or .03 per OOBA still a lot of money.
Like the dismissal First Data will certainly be well worth the wait.
Could you see dollars in SFORs PPS on the kind of revenue from First Data alone?
Something to think about!
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