First Data Appoints CFO

DENVER--(www.AllPayNews.com)-- Today, First Data appointed Phil Wall, 50, as executive vice president and chief financial officer (CFO). Previously, Wall served as senior vice president of finance for First Data's international operations. He succeeds Kim Patmore, who has served as First Data's CFO since February 2000. Patmore will stay on through a brief transition period.

'Phil's experience in leading First Data's international finance operations, coupled with his extensive financial services industry knowledge, will make his transition to CFO seamless and transparent,' said Michael Capellas, chairman and chief executive officer of First Data. 'Today's appointment of Phil as CFO is yet another milestone as First Data transforms from the largest payments processor to the leading technology services provider. His background and deep understanding of the business will go a long way in helping us achieve our financial goals.'

Wall joined First Data in January 2002 as vice president, finance, for Europe card services and shortly thereafter assumed responsibility for all First Data international finance operations. During that time, he oversaw acquisitions and alliances across 37 countries.

Prior to First Data, Wall held financial management roles with Equifax Inc, a global provider of information solutions, and with Schlumberger Inc. Originally from the United Kingdom, Wall has spent 13 years of his career overseas. He brings extensive experience in financial management disciplines including treasury, currency hedging and international tax structures. Wall holds a mechanical engineering degree from Imperial College, London University, is a qualified Chartered Accountant and has an MBA from Oxford, Brookes University.

About First Data

First Data is a global technology leader in information commerce. The company processes transaction data of all kinds, harnesses the power of that data and delivers innovations in secure infrastructure, intelligence and insight for its customers. With operations in 37 countries, First Data serves more than 5.4 million merchant locations and more than 2,000 card issuers and their customers. It powers the global economy by making it easy, fast and secure for people and businesses around the world to buy goods and services using virtually any form of payment. The company's portfolio of services and solutions includes merchant transaction processing services; credit, debit, private-label, gift, payroll and other prepaid card offerings; fraud protection and authentication solutions; electronic check acceptance services through TeleCheck; as well as Internet commerce and mobile payment solutions. The company's STAR Network offers PIN-secured debit acceptance at 2.1 million ATM and retail locations. Through First Data's centers of excellence, such as security, analytics, customer loyalty and mobile payments, it offers data-driven commerce solutions for customers around the globe. For more information, visit www.firstdata.com.