Concord EFS Executives to Present at Four Investor Conferences in November.

Business Editors/High-Tech Writers

MEMPHIS, Tenn.--(BUSINESS WIRE)--Oct. 28, 2002

Concord EFS, Inc. (Nasdaq:CEFT), a leading electronic commerce provider, is scheduled to present at investor conferences hosted by Midwest Research, Salomon Smith Barney, Goldman Sachs and Piper Jaffray during the month of November. Edward A. Labry III, Concord president and CEO-designate, Edward T. Haslam, chief financial officer, E. Miles Kilburn, chief strategy officer, and Bond R. Isaacson, executive vice president, will join executives of many leading public and private companies making presentations at these conferences. Live Webcasts of Concord's presentations will be available at Concord's website, www.ceft.com. Replays of each Webcast presentation will be available for 14 days following the event, usually beginning within 24 hours of the presentation.

The schedule for Concord's presentations at the conferences is as follows:

-- Mr. Haslam will present at the Midwest Research Business & Financial Technologies Conference on Tuesday, November 5, 2002 at 9:00 a.m. (Eastern time) in New York City.

-- Mr. Labry will present at Salomon Smith Barney's Electronic Financial Services Conference on Wednesday, November 6, 2002 at 2:30 p.m. (Eastern time) in New York City.

-- Mr. Kilburn will present at the Goldman Sachs IT Services Retreat on Wednesday, November 6, 2002 at 4:45 p.m. (Eastern time) in Laguna Niguel, California. (Note that participants for this webcast presentation will be asked to enter a username and password. The username is conference/conf8 and the password is goldman8.)

-- Mr. Isaacson will present at the Piper Jaffray Financial Services Conference on Tuesday, November 12, 2002 at 8:35 a.m. (Eastern time) in New York City.

Concord is a leading vertically integrated electronic transaction processor, providing transaction authorization, data capture, settlement and funds transfer services to financial institutions, supermarkets, petroleum retailers, convenience stores, restaurants, and other independent retailers. Concord's primary activities include Network Services, providing ATM driving, PIN-secured and signature debit card processing, deposit risk management, and STARsm network access to the financial services industry; and Payment Services, providing credit, debit, check authorization, and electronic benefits transfer processing services to selected retail segments. Concord news releases, links to SEC filings, and other information are available at www.concordefs.com.

The presentations may contain or incorporate by reference forward-looking statements made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Any such statements are not guarantees of future performance and involve risks, uncertainties, and other factors which may cause our actual performance or achievements to be materially different from any future results, performance, or achievements expressed or implied by those statements. Concord undertakes no obligation to publicly update or revise any forward-looking statements to reflect changed assumptions, the occurrence of anticipated or unanticipated events, or changes to future results over time. See the cautionary statements included as Exhibit 99.2 to our Annual Report on Form 10-K filed on February 26, 2002 for a more detailed discussion of certain of the factors that could cause our actual results to differ materially from those included in the forward-looking statements.