First Data Completes Acquisition of FundsXpress

OMAHA, Neb.--(BUSINESS WIRE)--First Data Corp. (NYSE: FDC) today announced that it has completed its acquisition of FundsXpress, a premier provider of online banking and bill payment services for consumers and small businesses.

FundsXpress has more than 500 financial institution customers, consisting primarily of community financial institutions. First Data currently serves thousands of similar institutions coast-to-coast. The complementary capabilities of First Data and FundsXpress will result in a broad and robust suite of products for secure electronic commerce and Internet banking transactions.

Financial terms were not disclosed.

About First Data

First Data Corp. (NYSE: FDC) is a leading provider of electronic commerce and payment solutions for businesses worldwide. Serving over 5 million merchant locations, 1,900 card issuers and their customers, First Data powers the global economy by making it easy, fast and secure for people and businesses around the world to buy goods and services using virtually any form of payment. The company's portfolio of services and solutions includes merchant transaction processing services; credit, debit, private-label, gift, payroll and other prepaid card offerings; fraud protection and authentication solutions; electronic check acceptance services through TeleCheck; as well as Internet commerce and mobile payment solutions. The company's STAR Network offers PIN-secured debit acceptance at 2 million ATM and retail locations. For more information, visit www.firstdata.com.

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First Data
Glen Turpin, 303-967-9552
glen.turpin@firstdata.com