First Data and FLEETCOR offered to form a joint venture.

Gift card business Joint Venture of First Data, a provider of commerce-enabling technology, and FLEETCOR Technologies, a provider of commercial payment solutions, failed to complete. No termination fees will be payable by either company in connection with the termination of the joint venture agreement. “We’re going to explore some other ways to partner with First Data, while also revisiting our growth plans for an independent SVS,” Ron Clarke, FLEETCOR Chairman and CEO.