Multi-Year Card Processing Contract with DBS Bank Propels First Data into South Asia Market

The agreement with DBS is the first major contract in South Asiafor First Data, which already has a strong presence in more than 70countries, serving 4.1 million merchant locations, 1,400 card issuersand millions of consumers.

"DBS is dedicated to providing high-quality services to its cardand merchant customers," said Greg Nash, managing director of FirstData International in Australia, New Zealand and South Asia. "We werechosen by DBS on the strength of our ability to help the bank achieveits long-term growth objectives."

Pam Patsley, president, First Data International, added: "We arepleased to expand our relationship with one of Asia's most respectedfinancial services groups. We are committed to delivering advancedtechnology solutions and resources for card and merchant processingmarkets throughout the world. This agreement with DBS reinforces FirstData's presence in Asia."

DBS is one of the largest financial services groups in Asia withtotal assets of S$175.5 billion, a card portfolio including Visa,MasterCard, American Express, and unsecured credit facility such asCashline and Term Loan Accounts. The Bank has card operations inSingapore, Hong Kong and joint venture in Thailand.

The contract, effective from July 2005, extends the long-standingrelationship between First Data and DBS. Since 1999, First Data hasprovided DBS its VisionPLUS(R) software under license to manage cardissuing and acquiring services in-house.

"The appointment of First Data as a managed services provider wasa logical extension of the existing partnership," said Steve Ingram,DBS' Managing Director and Head of Technology and Operations and GroupChief Information Officer. "Our relationship with First Data startedin 1999, and since then we have used VisionPlus as our technologyplatform to support unsecured lending processing across the bank. Whenwe decided to outsource our unsecured lending applications support toa managed services provider, it made sense to take our relationshipwith First Data to the next level. Their proven track record in othermarkets, the scalability of their solution, and the resources theyhave in place to support our operations will enable us to furtherenhance our regional platform in our aim to provide high-qualityservices to our existing customers and to further grow our business innew markets."

With a presence in more than 70 countries on six continents, FirstData serves key clients representing all global regions. Backed bymore than thirty years of payments expertise, First Data delivers afull portfolio of card issuing and merchant processing servicesthroughout, Asia-Pacific, Europe, the Middle East, Africa, LatinAmerica, Canada and the United States.

The financial terms of the contract were not disclosed.

About First Data

First Data Corp. (NYSE: FDC) is a leading provider of electroniccommerce and payment solutions for businesses and consumers worldwide.Serving 4.1 million merchant locations, 1,400 card issuers andmillions of consumers, First Data powers the global economy by makingit easy, fast and secure for people and businesses around the world tobuy goods and services using virtually any form of payment. Thecompany's portfolio of services and solutions includes credit, debit,private-label, smart and stored-value card issuing and merchanttransaction processing services; money transfer services; moneyorders; fraud protection and authentication solutions; check guaranteeand verification services through TeleCheck; as well as Internetcommerce and mobile solutions. Western Union and its subsidiary,Orlandi Valuta, together make up one of the world's largest moneytransfer networks with approximately 233,000 Agent locations in morethan 200 countries and territories. The company's STAR Network offersPIN-secured debit acceptance at 1.7 million ATM and retail locations.For more information, visit www.firstdata.com.

About DBS

Headquartered in Singapore, DBS is one of the largest financialservices groups in Asia. The largest bank in Singapore and thefifth-largest banking group in Hong Kong as measured by assets, DBShas leading positions in consumer banking, treasury and markets, assetmanagement, securities brokerage, equity and debt fund raising. Beyondthe anchor markets of Singapore and Hong Kong, DBS serves corporate,institutional and retail customers through its operations in Thailand,Malaysia, Indonesia, India and The Philippines. In China, the bank hasbranches and representative offices in Shanghai, Beijing, Guangzhou,Shenzhen, Fuzhou, Tianjin and Dongguan. The Bank's credit ratings areone of the highest among banks competing in the Asia-Pacific region,and the highest among banks in Singapore. More information about DBSGroup Holdings and DBS Bank can be obtained from our websitewww.dbs.com.