First Data Completes Acquisition of Korea Mobile Payment Services

Mr. Nigel Lee, president of China & North Asia of First DataInternational, said: "We are very pleased to complete the acquisitionof KMPS. The combination of First Data and KMPS will build on KMPS'existing merchant relationships in Korea and First Data's extensivemerchant acquiring expertise that will jointly contribute to thegrowth and development of the Korean financial market."

This strategic acquisition extends First Data's global electronicpayment offering and marks its first official footprint in the Koreanpayment services market. Douglas Guen, CEO for KMPS, will continueserving in his role for the combined companies.

Pam Patsley, president, First Data International, said: "Theacquisition of KMPS allows First Data to bring a vast array ofservices, products and innovations to the Korean market. It alsopositions First Data to deliver these benefits to all of Asia, whichreinforces our commitment to the Asian market."

KMPS is a market leader, with one of the largest point-of-salenetworks in Korea, and provides financial payment services includingVAN services and terminal interface services to a well-establishedportfolio of 250,000 merchants. The acquisition by First Data willenable the combined company to broaden its service offering.

About First Data

First Data Corp. (NYSE:FDC) is a leading provider of electroniccommerce and payment solutions for businesses and consumers worldwide.Serving 4.1 million merchant locations, 1,500 card issuers andmillions of consumers, First Data powers the global economy by makingit easy, fast and secure for people and businesses around the world tobuy goods and services using virtually any form of payment. Thecompany's portfolio of services and solutions includes credit, debit,private-label, smart and stored-value card issuing and merchanttransaction processing services; money transfer services; moneyorders; fraud protection and authentication solutions; check guaranteeand verification services through TeleCheck; as well as Internetcommerce and mobile solutions. Western Union and its subsidiary,Orlandi Valuta, together make up one of the world's largest moneytransfer networks with approximately 242,000 Agent locations in morethan 200 countries and territories. The company's STAR Network offersPIN-secured debit acceptance at 1.7 million ATM and retail locations.For more information, visit www.firstdata.com.

About Korean Mobile Payment Services (KMPS)

Korea Mobile Payment Services (KMPS) is a leading provider ofcredit card and payment services. Established in July 2000, KMPSoffers a variety of payment services including VAN (Value-AddedNetwork) payment services, Draft Data Capture, mileage services, etc.KMPS provides its payment services to KORAIL, Pizza Hut Korea,T.G.I.F, E-land, SK Telecom, etc. KMPS is a non-listed company with 22sales representative offices, serving 250,000 merchants nationwide.For further information, please visit http://www.kmps.co.kr.

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