Under the terms of the deal, First Data will offer merchants POS terminals and payment processing services to complement Yahoo! Merchant Solutions and Web Hosting subscription-based products. Yahoo! Merchant Solutions can provide both hosting functions and e-commerce functions such as product catalogue, shopping cart and transaction processing.
Yahoo Web Hosting is the web hosting service which provides hosting space and unlimited data transfer for small business hostings. Related services include Yahoo Domains- domain hosting and Yahoo Merchant Solutions - ecommerce hosting.
First Data enables over 5.3 million merchant locations to accept electronic payments in stores, over the phone or online. Most recently, the company has signed a contract with PayPal to enable debit cardholders in First Datas STAR Network to link their STAR debit card to a PayPal account online.
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