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GREENWOOD VILLAGE, Colo.-
Electronic payment processor First Data Corp. today said it has completed its acquisition of Instant Cash Services, a debit and ATM payment processing business, from a subsidiary of Wells Fargo & Co.
Financial terms were not disclosed. First Data announced the planned takeover on March 16.
Instant Cash Services’ customers include banks, credit unions, thrifts and nonfinancial institutions in 20 states.
First Data announced last week it was being acquired by an affiliate of private equity firm Kohlberg Kravis Roberts & Co. for about $27 billion in cash.
First Data shares were up nine cents to $32.38 in morning trading on the New York Stock Exchange. ———
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