DENVER, Feb. 2 /PRNewswire-FirstCall/ -- First Data Corp. (NYSE: FDC), a
global leader in electronic commerce and payment services, today announced
that its share repurchase program has been increased by $1 billion. Added to
the company's remaining authorization, the additional authorization now
enables First Data to re-purchase up to $1.146 billion of its stock.
Consistent with past practices, purchases will be made in the open market
based on market conditions, business opportunities and other factors.
Since 1998, First Data has repurchased more than 156 million shares on a
split-adjusted basis for $5 billion under repurchase programs authorized by
the company's board of directors.
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, Japan, Mexico, Spain, the Netherlands, the
Middle East and Germany. Its Western Union and Orlandi Valuta money transfer
networks include a total of 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, Staci Busby,
+1-303-967-7188, both of First Data Corp.
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