Concord EFS Adds Depth to Executive Management Team.

Business Editors

MEMPHIS, Tenn.--(BUSINESS WIRE)--April 25, 2000

Concord EFS, Inc. (NASDAQ: CEFT), a leading electronic commerce provider, announced today that it has strengthened its executive management team with the promotions of two senior executives of its Electronic Payment Services, Inc. (EPS) subsidiary and the addition of a transportation industry sales executive. Dan Palmer, Concord chairman and chief executive officer, and Edward A. Labry III, Concord president, announced that Edward T. Haslam, chief financial officer of EPS, has been named Concord chief financial officer; Steve A. Lynch, formerly senior vice president, technology at EPS, has been named to the new enterprise-wide chief information officer position; and Ryan Ramey, former director of sales for Pilot Corporation, was named senior vice president in charge of Concord's transportation services.

Haslam, the new CFO, will have enterprise-wide responsibility for financial accounting and reporting, financial planning and business analysis, legal, human resources, and facilities. Haslam has 26 years of experience in finance and accounting. Prior to joining EPS, Haslam was senior vice president of finance at SEI Corporation, a technology-driven financial and investment services company. Haslam received an MBA and a bachelors degree in business administration from Temple University in Philadelphia.

Lynch, the new CIO, will have responsibility for technology development and operations at Concord's data centers in Atlanta, Chicago, Memphis, North Olmsted, Ohio and Wilmington, Delaware. He brings 18 years of technology management experience to the position, with an emphasis in point of sale (POS) and electronic funds transfer processing systems. Prior to EPS, Lynch was director of business development for VeriFone, Inc., a leading POS terminal manufacturer. Lynch holds a bachelor of sciences degree in mathematics and computer science from Georgia Southern University.

As head of Concord's transportation services division, Ramey will be responsible for managing the sales, development, and delivery of Concord's services to trucking and other transportation companies nationwide. Previously, Ramey was responsible for leading a 25-person sales force for Pilot Corporation, an industry leader in the travel center business. Mr. Ramey earned a bachelors degree in finance at the University of New Mexico.

"Ed, Steve and Ryan are all proven, result-oriented leaders that have distinguished themselves during their careers, and they will add important depth to Concord's executive management team," said Labry. "I'm confident that they will help Concord strengthen its infrastructure while profitably expanding its sales and product offerings."

About Concord:

Concord is a vertically integrated electronic transaction processor, providing transaction authorization, data capture, settlement and funds transfer services to selected markets. Concord's primary activities include providing credit, debit, check authorization, and electronic benefits transfer (EBT) processing services to supermarket, petroleum, convenience store and other retailers; and providing gateway processing, ATM driving and MAC(R) network access to the financial services industry. Concord also provides electronic payment and payroll services to trucking companies, truck stops and other segments of the market. Concord news releases, links to SEC filings, and other financial information are available on its corporate web site at www.concordefs.com.

This release may contain or incorporate by reference statements which may constitute "forward-looking" information, within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Act of 1934, as amended. Any such statements are not guarantees for future performance and involve risks and uncertainties, and actual results may differ materially from those contemplated by such forward-looking statements. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future results over time. See the cautionary statements included as Exhibit 99 to our Form 10-Q for the quarter ended March 31, 1999 for a more detailed discussion of certain of the factors that could cause actual results to differ materially from those included in the forward-looking statements.