First Data Corp. on Aug. 10 reported a net loss attributable to the company of $171.2 million for the second quarter ended June 30, down from the $195.9 million loss the transaction processor reported during the same period last year. Revenues totaled $2.61 billion, up 18.1% from $2.21 billion, driven by the formation of the Banc of America Merchant Services LLC alliance.
Merchant services revenue totaled $883.8 million, up 24.6% from $709.6 million. Card services generated $431.1 million, down 5.1% from $454.2 million. Check services earned $97.8 million, up 15.6% from $84.6 million.
Reimbursable debit-network fees, postage and other earned $849.9 million in revenue, up 34.5% from $631.9 million.
Retail and Alliances Services segment revenue grew 13%, to $853.7 million from $755.4 million, driven by 9% transaction growth and double-digit revenue growth in the Telecheck, prepaid card and point-of-sale equipment lines of business. Credit/signature debit to PIN-debit transaction mix was 72%, and the regional average ticket was $69.50, down 1% from a year earlier.
Financial Services revenue totaled $351.4 million, down 7% $378 million, and that includes $40 million lost from the termination of the Washington Mutual relationship (JPMorgan Chase & Co. now owns WaMu).
International segment revenue totaled $387 million, up 3% from $376 million a year earlier, partly caused by an alliance with ICICI Bank in India and increased volumes and point-of-sale activity.