| | Business Summary | | First
Data
Corporation
provides
transaction
processing
services.
In
partnership
with
clients
and
a
worldwide
Western
Union
agent
network,
First
Data
processes
the
information
that
allows
consumers
to
pay
for
goods
and
services
by
check
or
card
or
any
form
of
payment,
except
cash.
The
Payment
Instruments
segment
includes
Western
Union,
Integrated
Payment
Systems,
Orlandi
Valuta
Companies
and
TransPoint,
and
provides
non-bank
money
transfer
and
payment
services
to
consumers
and
commercial
entities,
including
money
transfer,
official
checks
and
money
orders.
The
Card
Issuer
Services
segment
encompasses
domestic
and
international
card
processing,
bankcard
customer
servicing
and
certain
information
based
services.
The
Merchant
Processing
Services
segment
is
comprised
of
First
Data
Merchant
Services,
TeleCheck,
First
Data
POS
and
its
joint
venture
interests
in
BMCF
and
Card
Service
International,
Inc.
This
segment
provides
merchants
with
credit
and
debit
card
transaction
processing
services. | | Financial Summary | | First
Data
Corporation
provides
high-volume
information
processing
and
related
services,
payment
instruments,
card
issuer
services,
and
merchant
processing
services.
For
the
nine
months
ended
9/30/99,
total
revenues
rose
8%
to
$4.07
billion.
Net
income
increased
49%
to
$541.4
million.
Revenues
reflect
strong
volume
increases
related
to
international
and
commercial
money
transfer.
Earnings
also
reflect
the
absence
of
a
$125.2
million
contract
loss
provision. Recent Earnings Announcement For
the
3
months
ended
12/31/1999,
revenues
were
1,472,100;
after
tax
earnings
were
658,300. (Preliminary; reported in thousands of dollars.) | | | | FY1998 Pay | |
| Henry Duques, 55 Chairman,
CEO | $3.4M | Charles Fote, 50 Pres
and COO | 1.6M | Lee Adrean, 47 Exec.
VP and CFO | 1.3M | Robert Levenson, 57 Exec.
VP | 1.3M | David Bailis, 43 Exec.
VP | 805K | | Dollar
amounts are as of 31-Dec-1998 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
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Comparisons |
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