Concord EFS

Concord EFS, Inc. was a leading provider of integrated electronic payment and transaction processing services to financial institutions and retail merchants in the United States. Its primary business segments included payment processing, network services through its ownership of the STAR Network (one of the nation's largest electronic funds transfer networks), and payment services for merchants. The company provided comprehensive ATM processing, debit and credit card processing, and EBT (Electronic Benefits Transfer) services. In a landmark deal for the payments industry, Concord EFS was acquired by its rival, First Data Corporation, in a transaction completed in February 2004. The combined entity became a dominant force in payment processing, and the Concord EFS brand was subsequently phased out.