CAPITAL Corporate News

First Data and CAPITAL Card Announce Processing Agreement
Sept. 2, 2003

OMAHA, NEB – First Data Corp. (NYSE: FDC), a global leader in electronic commerce and payment services, and CAPITAL Card Services Inc. (CAPITAL), a leader in portfolio management and card outsourcing solutions based in Sioux Falls, South Dakota, today announced a multi-year agreement. Under the agreement, First Data will provide full bankcard processing services for the company’s half million credit cards on file.

First Data will provide transaction processing services, including authorization of transactions, account management, statement printing and mailing and plastic issuance through its operations in Omaha, Neb.

“ We are pleased to begin work with First Data directly so that we can take advantage of the full scope of products and services they offer,” said Jeff Aegerter, president and chief executive officer for CAPITAL. “We plan to utilize First Data’s reformulated processing platform to reduce expenses and to help our card issuing clients grow their portfolios more profitably.”

CAPITAL is familiar with the First Data system and will not need to convert since its accounts already are on the system through another group provider. “This allows us to hit the ground running in terms of implementing our growth strategies,” Aegerter added.

“ This is a great opportunity for CAPITAL and we are pleased to bring them on board directly as a group service provider,” said Tony Holzapfel, senior vice president of client development for First Data. “We want to see them capitalize on the flexibility and ease of access our new system delivers. ”

About First Data
First Data Corp. (NYSE: FDC), with global headquarters in Denver, helps power the global economy. As a leader in electronic commerce and payment services, First Data serves approximately 3 million merchant locations, 1,400 card issuers and millions of consumers, making it easy, fast and secure for people and businesses to buy goods and services using virtually any form of payment. With 29,000 employees worldwide, the company provides credit, debit, smart card and stored-value card issuing and merchant transaction processing services; Internet commerce solutions; money transfer services; money orders; and check processing and verification services throughout the United States. First Data also offers a variety of payment services in the United Kingdom, Australia, Canada, Japan, Mexico, Spain, the Netherlands, the Middle East and Germany. Its Western Union and Orlandi Valuta money transfer networks include a total of approximately 165,000 Agent locations in more than 195 countries and territories. For more information, please visit the company's Web site at www.firstdata.com.