DENVER, July 8 /PRNewswire-FirstCall/ -- First Data Corp. (NYSE: FDC), a
global leader in electronic commerce and payment services, today confirmed
that it has been notified by JPMorgan Chase of its intention to move its card
processing business from the First Data system.
"First Data will continue to work with JPMorgan Chase to ensure a smooth
transition," said Charlie Fote, chairman and chief executive officer, First
Data. "First Data expects this to occur within the next 18 months."
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 3.5 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 more than 30,000 employees worldwide, the company provides
credit, debit, private-label, smart card and stored-value card issuing and
merchant transaction processing services; Internet commerce solutions; money
transfer services; and check guarantee and verification services. The STAR(R)
Network offers PIN-secured debit acceptance at one million point-of-sale
locations and 264,000 ATMs nationwide. First Data also offers a variety of
payment services to businesses around the world including those in the United
Kingdom, Australia, Canada, Japan, Mexico, Spain, Panama, Brazil, China the
Netherlands, the Middle East and Germany. Its Western Union and Orlandi
Valuta money transfer networks include approximately 188,000 Agent locations
in more than 195 countries and territories. Visit http://www.firstdata.com for more
information.
FDC-1
SOURCE First Data Corp.
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Related links:
http://www.firstdata.com
CONTACT:
Investors, David Banks, +1-303-967-8057,
david.banks@firstdata.com, or Media, Donna Pennington,
+1-402-222-6178, donna.pennington@firstdatacorp.com, both of
First Data Corp.
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