First Data to Acquire GZS Gesellschaft fur Zahlungssysteme mbH.

BAD VILBEL, Germany -- First Data Corporation, a global leader in electronic commerce and payment services, and GZS, Gesellschaft fur Zahlungssysteme, announced today that they have signed an agreement for the acquisition of GZS by First Data. GZS is Germany's leading processor of cashless, card-based payment transactions. Terms of the agreement were not disclosed. Completion of the transaction, which is expected to occur in the second quarter 2006, is subject to approval of relevant authorities.

First Data is a leading provider of electronic commerce and payment solutions for businesses and consumers worldwide. First Data serves 4.1 million merchant locations, 1,500 card issuers and millions of consumers. GZS provides card issuing and acquiring processing as well as cross-border debit and fraud management solutions to its banking clients. Easycash, a fully owned subsidiary of GZS, delivers network service provider and E-business services. Today, GZS processes 982 million transactions per year and provides outsourced processing services for 8.5 million German and Swiss credit cards. Furthermore, GZS provides merchant processing services for its clients who serve more than 300,000 merchants. First Data's acquisition will enable the company to broaden its service offering to its banking and merchant clients and to support their cross-border strategies for growth.

David Yates, president, Europe, Middle East and Africa, First Data International, said: "We are very pleased that GZS' shareholders have selected First Data, and that we can bring renewed stability and investment capability to the company. This acquisition is a major step for First Data, and demonstrates our commitment to the German market. We are convinced that we will bring real value to GZS clients by offering a broad range of electronic processing and support services. We also look forward to working with the GZS management and staff to further develop the business."

Bernd M. Fieseler, chairman of the Supervisory Board of GZS, added: "From the partnership with First Data, GZS' clients will benefit from enhanced services and economies of scale. GZS is a market leader for card processing in Germany; First Data is a leading company in its industry both in Europe and worldwide. With First Data, we stabilize the ownership structure of GZS and enlarge services and investment capabilities. In this respect, First Data is our favoured partner to secure the future of GZS."

Norbert Pawlowski, chairman of the management of GZS, said: "The GZS management team welcomes this acquisition and has actively supported it. With First Data, GZS has a new shareholder, which brings all necessary prerequisites to develop our business and to significantly strengthen our competitiveness. As part of First Data, the staff of GZS will play a significant role in First Data's international expansion. From this, the company, its clients and staff will all benefit."

The acquisition complements First Data's expansion during 2004 into Greece, and during this year into Austria, Italy, Netherlands, Slovakia, Lithuania, Latvia, Serbia and Montenegro, Russia, Hungary and the Nordic region.

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 250,000 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 GZS

As leading service provider in the German speaking region, GZS Group arranges for the professional processing of cashless and card-based payments and offers innovative services in the area of intelligent transaction processing. Approx. 1,200 banks and clients trust in the services of GZS, which stood for approx. one billion card transactions and a card revenue of EUR 75.8 bn in 2004.

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