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And it will also bring on board Ms. Meeker, who currently sits on only one other corporate board, that of the payments processor Square.
Yahoo recently appointed Scott Thompson, the former president of PayPal, the online payments processor owned by eBay, as its chief executive.
"Open loop" systems, where the consumer pays many merchants through a single payments processor — the way micropayments were originally envisioned — are much less successful.
"However, as a leading payments processor, First Data receives and duly responds to thousands of forms of legal process each year," Ms. Goeson said.
The credit card and global payments processor MasterCard said Friday that first-quarter profit fell 18percentt from the year-earlier period, but topped analysts' expectations.
The British payments processor Neteller will forfeit $136 million but will not be prosecuted for conspiracy under a deferred-prosecution agreement with the United States government announced yesterday.
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Everyone wants a piece of financial technology — and that has meant bids for payments processors.
Less known among consumers but also strong in its market is Wirecard, a German online-payments processor, Mr. Yockey said.
Revenue could dry up without an online payment processor.
(Transactions conducted at the machine are handled by WorldPay, a card payment processor).
The online payment processor SafeCharge got off to a good start on Aim yesterday.
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