Concord EFS Reports Systems Remain Fully Operational; All Concord Employees Safe and Accounted For.

Business Editors

MEMPHIS, Tenn.--(BUSINESS WIRE)--Sept. 17, 2001

Concord EFS, Inc. (Nasdaq:CEFT), a leading electronic commerce provider, announced today that all systems are running normally and all 2,400 employees nationwide are accounted for following the national tragedy last week.

Concord's ATM processing, point of sale processing, and STAR network all remained fully operational and business offices were open following the tragic events of September 11. "All of us at Concord are devastated by last week's events, and our sympathies and thoughts are with those who have suffered terrible personal loss," said Edward A. Labry III, Concord President.

As a leading processor for the petroleum and supermarket industries, Concord handled an unprecedented number of point of sale transactions in the 24 hours following the disaster as people responded to the emergency. Since then, transaction volumes have continued at normal levels.

"Concord's systems infrastructure and telecommunications network have multiple layers of redundancy built-in, so we were able to route around telecommunications disruptions that occurred in the Northeast," said Steve Lynch, Concord's Chief Information Officer. "In addition, because our transaction processing is built with plenty of excess capacity in the event of emergency-driven demand at grocery stores and gas stations, we were able to handle volumes that were well in excess of normal processing volumes without interruption."

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, and other independent retailers. Concord's primary activities include Network Services, providing ATM driving, online and signature debit card processing, and STAR(SM) 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 on its corporate web site at www.concordefs.com.

This release 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 99.1 to our Form 8-K filed on July 18, 2001 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.