Visa USA and First Data Corporation Agree to Settle Legal Dispute

As part of this settlement, First Data and Visa agreed to worktogether to build a stronger business relationship to focus onstreamlining the payments processing business. To achieve this, Visawill provide financial support to pursue mutual business opportunitiesand cost cutting initiatives that are expected to drive newinnovation, reliability, security and new merchant acceptance. FirstData will transition existing private arrangements between itself andVisa member financial institutions onto VisaNet. Specific terms of thesettlement are confidential.

New leadership at both companies recognized a mutual interest inresolving legal differences. Visa CEO, John Philip Coghlan, and FirstData CEO, Ric Duques, both acknowledged the increased value in puttingthis litigation behind them and restoring their companies' focus onworking together to identify and build future business opportunities.

"By resolving this matter, both First Data and Visa can moveforward and work together to create new business opportunities for allstakeholders in the payments business. Card issuers, merchants andcardholders alike can expect more focus on creating choice,convenience and innovation in the payments marketplace," said Duques.

"Visa's continued success is reliant upon our maintaining andgrowing business relationships," said Coghlan. "This agreement withFirst Data symbolizes our desire to focus on what really matters -providing the processing services our members expect in the mostsecure, reliable and efficient manner we can."

About First Data

First Data Corp. (NYSE: FDC) is a leading provider of electroniccommerce and payment solutions for businesses and consumers worldwide.Serving 4.6 million merchant locations, 1,600 card issuers andmillions of consumers, First Data powers the global economy by makingit easy, fast and secure for people and businesses around the world tobuy goods and services using virtually any form of payment. Thecompany's portfolio of services and solutions includes credit, debit,private-label, gift and other prepaid card issuing and merchanttransaction processing services; money transfer services; moneyorders; fraud protection and authentication solutions; check guaranteeand verification services through TeleCheck; as well as Internetcommerce and mobile solutions. Western Union, together with itsaffiliates Orlandi Valuta and Vigo, are leaders in global moneytransfer, providing people with fast, reliable and convenient ways tosend money around the world, pay bills and purchase money ordersthrough a network of over 270,000 agent locations in more than 200countries and territories. The company's STAR Network offersPIN-secured debit acceptance at 1.9 million ATM and retail locations.For more information, visit www.firstdata.com.

About Visa USA

Visa USA is the nation's leading payment brand and largest paymentsystem, enabling banks to provide their consumers and businesscustomers with a wide variety of payment alternatives tailored to meettheir evolving needs. Visa USA is committed to increasing the choice,convenience, acceptance and security of Visa payments for allstakeholders in the payment system -- members, cardholders andmerchants. Through its 13,432 member financial institutions, more than510 million Visa-branded cards have been issued to cardholders in theUnited States. Last year, U.S.-based financial institutions relied onVisa's processing system, VisaNet, to facilitate $1.6 trillion intransactions with unparalleled reliability.

Worldwide, cardholders in more than 150 countries carry more than1 billion Visa-branded cards, accounting for more than $3 trillion inannual transaction volume.

Visa offers a trusted, reliable and convenient way to access andmobilize financial resources -- anytime, anywhere, anyway.

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