First Data completes FundsXpress acquisition

Source: First Data

First Data Corp. (NYSE: FDC) today announced that it has completed its acquisition of FundsXpress, a premier provider of online banking and bill payment services for consumers and small businesses.

FundsXpress has more than 500 financial institution customers, consisting primarily of community financial institutions. First Data currently serves thousands of similar institutions coast-to-coast. The complementary capabilities of First Data and FundsXpress will result in a broad and robust suite of products for secure electronic commerce and Internet banking transactions.

Financial terms were not disclosed.

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