DENVER, Sept. 8 /PRNewswire-FirstCall/ -- First Data Corp. (NYSE: FDC), a
global leader in electronic commerce and payment services, today provided an
update on its 2004 share repurchase program.
In May, First Data increased its stock buyback authorization by
$2 billion. From June 30 to September 3, the company has repurchased nearly
22.8 million shares. That brings the year-to-date buyback to 57.4 million
shares for approximately $2.5 billion. The company has $695 million remaining
in its authorization. Consistent with past practices, purchases have been
made in the open market based on market conditions, business opportunities and
other factors.
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 around the world 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 and stored-value card
issuing and merchant transaction processing services; Internet commerce
solutions; money transfer services; money orders; and check guarantee and
verification services. The STAR(R) Network offers PIN-secured debit
acceptance at 261,000 ATMs and one million point-of-sale locations 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, Greece, the Middle East and
Germany. Its Western Union and Orlandi Valuta money transfer networks include
approximately 200,000 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:
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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