DENVER, Jan. 30 /PRNewswire-FirstCall/ -- Electronic commerce and payments
leader First Data Corp. (NYSE: FDC) announced that James L. Schoedinger, 45, a
twenty-four-year veteran of the financial services industry, has been named
president of the company's Card Issuing Services business unit.
In this role, Schoedinger will oversee the Card Issuing Services business
unit in Omaha, reporting directly to Charlie Fote, chairman and chief
executive officer, First Data. Schoedinger also will serve as a member of
First Data's Executive Committee.
"We're pleased to bring someone of Jim's talent and experience to First
Data," said Charlie Fote. "Jim will focus on maintaining, building, and
establishing relationships with our clients as well as converting the existing
pipeline of accounts."
Schoedinger most recently served as president of Transamerica Real Estate
Information Services, one of Transamerica Corporation's largest business
units, where he led a turnaround of the business using Six Sigma quality
initiatives to drive out costs while increasing the quality of service. He
also led the company's commercial and consumer finance business, which
included a variety of financial products, such as vendor leasing and private
label consumer credit cards. Before joining Transamerica Corporation,
Schoedinger spent sixteen years at GE Capital, where he held full profit and
loss responsibility for three GE Capital businesses: Private Label Credit
Cards, Personal Lending and the start-up of GE's Visa/Mastercard business.
About First Data
First Data Corp. (NYSE: FDC), with global headquarters in Denver, helps
power the global economy. As a leader in electronic commerce and payment
services, First Data serves approximately 3 million merchant locations, 1,400
card issuers and millions of consumers, making it easy, fast and secure for
people and businesses to buy goods and services using virtually any form of
payment. With 29,000 employees worldwide, the company provides credit, debit,
smart card and stored-value card issuing and merchant transaction processing
services; Internet commerce solutions; money transfer services; money orders;
and check processing and verification services throughout the United States.
First Data also offers a variety of payment services in the United Kingdom,
Australia, Canada, China, Japan, Mexico, Spain, the Netherlands, the Middle
East and Germany. Its Western Union and Orlandi Valuta money transfer
networks include approximately 169,000 Agent locations in more than 195
countries and territories. For more information, please visit the company's
Web site at http://www.firstdata.com .
FDC-1
SOURCE First Data Corp.
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Related links:
http://www.firstdata.com
CONTACT:
Investor Relations, David Banks,
+1-303-967-8057, or Media Relations, Donna Pennington,
+1-402-222-6178, both of First Data Corp.
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