First Data Corporation has formed First Data (China) Co., Ltd. The
new operations, administrative office, and data center will be based in
Shanghai. The wholly owned Chinese subsidiary will be fully operational in
the first quarter of 2003. First Data will offer a full range of card and
merchant processing services, in addition to its “VisionPLUS” software, to
card issuing and merchant acquiring companies in China. In China, FDC holds
relationships with several leading financial institutions to provide money
transfer services through its Western Union subsidiary. In addition, the
Industrial & Commercial Bank of China and the Agricultural Bank of China
recently chose to use the “VisionPLUS” transaction processing software
offered by First Data.

NPC 3Q/02

National Processing reported net income for the third quarter of $12.7 million, down 16% over 3Q/01. Third quarter revenues were $114.5 million, down 6% from 3Q/01. Merchant Card Services transaction volume for the third quarter was 974 million, a 9% increase. Total dollar volume processed was $41.9 billion, a 6% gain. Merchant Card Services revenue was $109.7 million, up 4% from one year ago. NPC says it is now estimating full year revenue to be in the $440 million to $450 million range. For complete details on NPC’s third quarter performance visit CardData ([www.carddata.com][1]).

[1]: http://www.carddata.com