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First Data Completes Acquisition of FundsXpress
June 11, 2007
First Data Corp. announced that it has completed its acquisition of FundsXpress, a premier provider of online banking and bill payment services for consumers and small businesses.
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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.
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