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First Data Posts 4Q/10 Flat Q/Q, FY Revenue

First Data posted its 4Q/10 consolidated revenue of $2.7 billion, up 6% compared to a year ago, thanks mostly to increases in debit network fees and merchant related services from U.S. economic growth. Meanwhile, the net loss attributable to First Data was $179 million, an improvement of $189 million and retail and alliance services revenue was up 7% to $873 million since the year ago period thanks to a transaction growth of 9%. The International segment revenue was $440 million, down 3% compared to the prior year. For the full year 2010, consolidated revenue was up 11% to $10.4 billion thanks in large part to Bank of America Merchant Services alliance and increases in debit network fees; adjusted revenue increased 3% to $6.4 billion thanks to revenue growth in Retail and Alliance Services, which was up 8% to $3.3 billion. This growth was driven by 10% transaction growth while Financial Services segment revenue for the year hit $1.4 billion, down 2% compared to 2009.