First Data Completes Acquisition of Korea Mobile Payment Services.

SEOUL, South Korea -- First Data Corp. (NYSE:FDC), a global leader in electronic commerce and payment services, today announced that it has completed the acquisition of approximately 80% interest in Korea Mobile Payment Services (KMPS), a leading provider of Value-Added Network (VAN) services, an authorization switcher that provides a network between merchants and issuers.

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

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

Pam Patsley, president, First Data International, said: "The acquisition of KMPS allows First Data to bring a vast array of services, products and innovations to the Korean market. It also positions First Data to deliver these benefits to all of Asia, which reinforces our commitment to the Asian market."

KMPS is a market leader, with one of the largest point-of-sale networks in Korea, and provides financial payment services including VAN services and terminal interface services to a well-established portfolio of 250,000 merchants. The acquisition by First Data will enable the combined company to broaden its service offering.

About First Data

First Data Corp. (NYSE:FDC) is a leading provider of electronic commerce and payment solutions for businesses and consumers worldwide. Serving 4.1 million merchant locations, 1,500 card issuers and millions of consumers, First Data powers the global economy by making it easy, fast and secure for people and businesses around the world to buy goods and services using virtually any form of payment. The company's portfolio of services and solutions includes credit, debit, private-label, smart and stored-value card issuing and merchant transaction processing services; money transfer services; money orders; fraud protection and authentication solutions; check guarantee and verification services through TeleCheck; as well as Internet commerce and mobile solutions. Western Union and its subsidiary, Orlandi Valuta, together make up one of the world's largest money transfer networks with approximately 242,000 Agent locations in more than 200 countries and territories. The company's STAR Network offers PIN-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 of credit card and payment services. Established in July 2000, KMPS offers a variety of payment services including VAN (Value-Added Network) 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 22 sales representative offices, serving 250,000 merchants nationwide. For further information, please visit http://www.kmps.co.kr.

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