Concord EFS, Inc. - CE- Profile

Concord EFS, Inc.. The Group's principle activities are to provide technology and network systems that make payments and other financial transactions. The operations are carried on through two segments: Payment services and Network services. Payment services provides point of sale processing, settlement and related services to supermarkets, major retailers, gas stations, convenience stores, restaurants and trucking companies. Network Services provides automated teller machine processing, debit card processing, deposit risk management and coast-to-coast debit network access principally for financial institutions. The Group is a vertically-integrated electronic transaction processor which acquires, routes, authorizes, captures and settles all types of electronic payment and deposit access transactions for financial institutions and merchants nationwide. Payment services accounted for 69% of 2002 revenues and Network services, 31%. Payment services accounted for 69% of 2002 revenues and Network services, 31%