First Data Names New President of First Data Debit Services
OMAHA, Neb.--(allCUnews)--Aug. 30, 2006--First Data Corp. (NYSE:FDC) has announced that Todd Strubbe has returned to the company as president of First Data Debit Services. Strubbe will oversee First Data's debit processing business which includes the STAR(R) Network, reporting to David Bailis, president, First Data Financial Institution Services.
Strubbe joins First Data from West Corporation, where he has served as president of West Interactive Corp., which delivers outsourced interactive voice response and advanced speech recognition applications for Fortune 1000 companies.
Strubbe was a key member of the First Data leadership team from 1995 to 2000, serving as managing director, System Architecture and Product Development; president, Electronic Payments Group (EPG); and vice president, Corporate Development for First Data Corp. As president of EPG, Strubbe was responsible for First Data's debit business, leading sales, marketing, client services, product development, and system development efforts.
"I am excited to welcome Todd back to the First Data management team," said Bailis. "He brings a tremendous understanding of our business and clients and will be a valuable contributor as we continue to bring innovation and efficiency to the financial institution marketplace."
Prior to joining First Data, Strubbe was an engagement manager with the strategic consulting firm McKinsey & Company, and was an infantry officer in the U.S. Army.
About First Data
First Data Corp. (NYSE:FDC) is a leading provider of electronic commerce and payment solutions for businesses and consumers worldwide. Serving 4.6 million merchant locations, 1,700 card issuers and millions of consumers, First Data 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 credit, debit, private-label, gift and other prepaid card issuing and merchant transaction processing services; money transfer services; money orders; fraud protection and authentication solutions; check guarantee and verification services through TeleCheck; as well as Internet commerce and mobile solutions. Western Union, together with its affiliates Orlandi Valuta and Vigo, are leaders in global money transfer, providing people with fast, reliable and convenient ways to send money around the world, pay bills and purchase money orders through a network of over 270,000 agent locations in more than 200 countries and territories. The company's STAR Network offers PIN-secured debit acceptance at 1.9 million ATM and retail locations. For more information, visit www.firstdata.com.
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Contacts
First Data Corp.
Donna Pennington, 402-222-6178
donna.pennington@firstdatacorp.com
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