First Data to Add Accounts From GE Consumer Finance

DENVER, CO – First Data Corp., a global leader in electronic commerce and payment services, today announced that it will process more than 9 million additional active accounts for GE Consumer Finance based on recent new business agreements GE has won with Dillard’s and Mervyn’s. The portfolios are targeted to be converted in the next three to six months. “We are pleased to continue to expand our partnership with GE Consumer Finance,” said Charles T. Fote, chief executive officer, First Data Corp. “This is confirmation of the confidence our clients have in First Data to deliver the most flexible and innovative payment offerings in the marketplace.”

First Data currently processes more than 170 million private label accounts. First Data is the industry leader in private label processing, and through the reformulation of its technical platform, First Data offers the marketplace a system that delivers faster time to market, improved product development and multi-dimensional access to data.

About First Data
First Data Corp., 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® 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, the Middle East and Germany. Its Western Union and Orlandi Valuta money transfer networks include approximately 195,000 agent locations in more than 195 countries and territories. Visit www.firstdata.com for more information.