The Wall St. Journal’s Heard on the Street column this morning focuses on First Data’s growth prospects.
Chief among the risks: Western Union is losing market share to other money-transfer companies and big banks even as unwelcome headlines loom amid regulatory scrutiny of the unit’s compliance in the wake of a settlement it reached recently with the New York State Banking Department over allegedly lax antimoney-laundering controls. In paying an $8 million fine, the company neither admitted nor denied wrongdoing.