DENVER & SAN FRANCISCO, Feb 26, 2008 (BUSINESS WIRE) -- First Data Corp., a global leader in electronic commerce and payments, has signed a multi-year contract extension with Wells Fargo Bank to provide debit processing services to Wells Fargo for its 19.6 million debit cards.

First Data also provides Wells Fargo with consumer credit and small business card processing services, statement production and mailing, plastic card personalization and fraud detection services.

"First Data is pleased Wells Fargo has extended our longstanding relationship," said Matt Lewis, president of First Data Financial Institution Services. "Wells Fargo is an innovator, and we continue to support them with technologies that help them build stronger, more valuable customer relationships."

"Wells Fargo has enjoyed a long relationship with First Data, and we are pleased to announce the extension of our agreement," said Ed Kadletz , executive vice president and Debit Card business manager of Wells Fargo Card Services.

Wells Fargo has been a First Data client since 1971. Through the years, Wells Fargo and First Data have worked closely together to drive innovation in the payments industry.

About First Data

First Data Corp. is a leading provider of electronic commerce and payment solutions for businesses worldwide. With operations in 38 countries, First Data serves over 5 million merchant locations, 1,900 card issuers and their customers. We power 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 merchant transaction processing services; credit, debit, private-label, gift, payroll and other prepaid card offerings; fraud protection and authentication solutions; receivables management solutions; electronic check acceptance services through TeleCheck; as well as Internet commerce, loyalty and mobile payment solutions. The company's STAR Network offers PIN-secured debit acceptance at 2.1 million ATM and retail locations. For more information, visit www.firstdata.com.

About Wells Fargo & Company

Wells Fargo & Company is a diversified financial services company with $575 billion in assets, providing banking, insurance, investments, mortgage and consumer finance to more than 23 million customers from almost 6,000 stores and the internet (wellsfargo.com) across North America and elsewhere internationally. Wells Fargo Bank, N.A. is the only bank in the U.S., and one of two banks worldwide, to have the highest possible credit rating from both Moody's Investors Service, "Aaa," and Standard & Poor's Ratings Services, "AAA."

SOURCE: First Data 

First Data
Glen Turpin, 303-967-6552
glen.turpin@firstdata.com
or
Wells Fargo
Lisa Westermann, 415-222-6236
lisa.b.westermann@wellsfargo.com

Copyright Business Wire 2008

News Provided by COMTEX