• Revenue growth of 4% on a constant currency basis
• Formed major alliance, Bank of America Merchant Services
• Renewed processing agreement with PNC and 67 other financial institutions

ATLANTA, Aug. 14, 2009 – First Data Corp.. today reported its financial results for the second quarter ending June 30, 2009. Consolidated revenues were $2.2 billion, or flat, and up 4% on a constant currency basis. Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) were $607 million, down 5%, or down 1% on a constant currency basis. In addition to the adverse impact of the strong U.S. dollar, adjusted EBITDA comparisons were unfavorably affected by lower royalty revenue. Excluding currency effects and the change in royalty revenue, adjusted EBITDA was up 1%. The net loss attributable to First Data was $196 million, which includes after-tax interest expenses of $284 million. "We continue to execute well on all fronts," said Michael Capellas, chairman and CEO of First Data. "In particular, our unique strategic alliances continue to enhance our leadership position in delivering innovative payment services to merchants."
Segment Results
Retail and Alliance Services
Retail and Alliance Services reported revenue of $1.3 billion, up 8%. Retail and Alliance Servicesformed a major new alliance, Bank of America Merchant Services, which will process more than onebillion transactions per month. In addition, 33 new independent sales organizations, 11 new referralpartners and one new revenue share agreement (RSA) were added to the distribution network. Excludingdebit network fees, segment revenue was down 5% and primarily was affected by weakness in the overalleconomy reflected in lower average consumer tickets as well as continued transaction mix shifts. EBITDAwas $309 million, down 11%, and EBITDA margin excluding debit network fees was 38.6%. Operatingprofit was $123 million, compared with $124 million in the second quarter of 2008. Operating profit marginwas 9.5%.
Financial Services
For the quarter, Financial Services revenue was $532 million, down 4%. Revenue excludingreimbursables was down 1%. Financial Services renewed 68 contracts in the quarter and recognized $15million in net revenue from early termination fees less the associated discontinued services. EBITDA was$184 million, up 4%, and EBITDA margin excluding reimbursables was 48.7%. Operating profit was $74million, compared with $92 million in the second quarter of 2008. Operating profit margin was 13.8%.
International
For the quarter, International generated revenue of $404 million, down 13%. Revenue on a constantcurrency basis was up 3%. International transactions grew 7%. EBITDA was $109 million, up 12%, andEBITDA margin was 27%. On a constant currency basis, EBITDA was $134 million, up 38%, and EBITDAmargin was 28.0%. Operating profit was $36 million compared with $30 million in the second quarter of2008. Operating profit margin was 8.9%.
Significant Events
Bank of America Merchant Services Alliance
On June 29, 2009, First Data announced the formation of a new alliance, Bank of America MerchantServices. The new company will deliver next-generation payment solutions to merchants ranging fromsmall business to commercial and corporate clients worldwide. Going forward the results of the alliancewill be reflected on a consolidated basis throughout First Data's financial statements.
PNC Merchant Services Alliance Extension
On June 30, 2009, First Data and PNC Bank extended their merchant alliance, PNC Merchant Services,LLC for an additional eight years. PNC acquired National City in December 2008, and First Data'sagreement with PNC Bank now includes merchant referrals from most of the legacy National City Bankfootprint.
PNC Financial Services Processing Renewal
On Aug. 11, 2009, First Data and PNC Financial Services Group announced they had renewed andexpanded their agreement for transaction processing services. Under the agreement, First Data willprovide signature debit, PIN debit and ATM processing services, ATM terminal driving, credit card, smallbusiness and home equity loan processing, fraud and collection services, remittance processing, prepaidprocessing and plastic, statement and letter production services. PNC will transfer some credit cardprocessing not currently with First Data as well as adding PIN debit and ATM processing it had gainedthrough its acquisition of National City. First Data services more than 15 million total accounts on file forPNC Financial Services.
Wells Fargo Card Processing Expansion
On June 8, 2009, First Data and Wells Fargo & Company announced they had expanded their agreementfor card processing services. Under the terms of the agreement, Wells Fargo will move its newly acquiredWachovia credit card portfolios to First Data for comprehensive card processing services. Wells Fargo willadd the Wachovia credit card accounts, the Wells Fargo Private Label card accounts and the PersonalCredit Management line of credit accounts to the existing Wells Fargo portfolios serviced on First Data'ssystem.
New Global Headquarters in Atlanta
First Data is executing against an overall global site strategy. As part of this strategy, Atlanta will nowbecome First Data's global headquarters and principal executive office location. The company willcontinue to maintain additional key administrative and operational sites including Denver and Omaha,Neb.

The company will host a conference call and webcast on Friday, Aug. 14 at 8 a.m. EDT to review secondquarter 2009 financial results. Michael Capellas, chairman and CEO of First Data, will lead the call. Alsoparticipating will be Phil Wall, chief financial officer, and Silvio Tavares, senior vice president, investorrelations.
To listen to the call, dial 877-723-9520 (U.S.) or +1-719-325-4817 (outside the U.S.) 10 minutes prior tothe start of the call. The call also will be webcast on the "Investor Relations" section of the First Data Website, http://ir.firstdatacorp.com/events.cfm. Please click on the webcast link at least 15 minutes prior to thecall. A slide presentation to accompany the call will be included in the webcast and also will be availableunder the "Investor Relations" section of the Web site.
A replay of the call will be available through Aug. 20, 2009, at 888-203-1112 (U.S.) or +1-719-457-0820(outside the U.S.), replay pass code 7940027, and via webcast at http://ir.firstdatacorp.com/events.cfm.
About First Data
First Data powers the global economy by making it easy, fast and secure for people and businesses tobuy goods and services using virtually any form of electronic payment. Whether the choice of payment isa gift card, a credit or debit card or a check, First Data securely processes the transaction and harnessesthe power of the data to deliver intelligence and insight for millions of merchant locations and thousandsof card issuers in 36 countries. For more information, visit www.firstdata.com.
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Investor and Analyst Relations Contact:
Silvio Tavares
First Data
404-890-3000
silvio.tavares@firstdata.com
Media Relations Contact:
Elizabeth Grice
303-967-8526
elizabeth.grice@firstdata.com