First Data to pay $6.7B for Concord 

Posted: 1:00 am Wed, April 2, 2003
By admin

First Data Corp., the world's biggest credit-card processor and parent of the Western Union money-transfer service, agreed to buy Concord EFS Inc. for $6.75 billion to become the largest owner of automated-teller machine networks. The purchase would give First Data Chief Executive Charles Fote 69 percent of the $900 million market for debit-card and ATM ...