Boehm Named to Lead First Data Global Product Group

Industry Veteran to Lead Innovation for Financial Services

ATLANTA, April 8, 2010 – First Data Corporation, a global leader in electronic commerce and payment processing, today announced that Steve Boehm has joined the company as senior vice president leading global product management and innovation for First Data’s Financial Services division.

“Steve brings a wealth of financial services industry knowledge and experience that will be invaluable and relevant for our financial institution customers,” said Kevin Schultz, president, First Data Financial Services.  “Steve and his team will drive product direction for both new and existing products across First Data to support our goal of providing high-value transaction processing and account management services to financial institutions around the world.”  

Boehm most recently was co-leader of the Wells Fargo/Wachovia integration team at Wachovia. Prior to that, he held various leadership roles during a 17-year career at Wachovia, including president of Card and Payment Solutions, general manager of Wachovia Director Access (contact centers), and chief operating officer of the Customer Direct Access division (cards, web banking, customer service). Previously, Boehm led member relations for the western United States for Visa USA, ran financial services product management for the American Automobile Association and acted as chief operating officer of the credit card business at First Virginia Bank. Steve has a bachelor’s degree from James Madison University and an MBA from George Mason University.

About First Data
First Data powers the global economy by making it easy, fast and secure for people and businesses to buy goods and services using virtually any form of electronic payment. Whether the choice of payment is a gift card, a credit or debit card or a check, First Data securely processes the transaction and harnesses the power of the data to deliver intelligence and insight for millions of merchant locations and thousands of card issuers in 36 countries. For more information, visit www.firstdata.com.

Contact
Nancy Etheredge, First Data
402-222-6214
nancy.etheredge@firstdata.com