First Data, Awhirl in a Deal-Making Frenzy, to Acquire FundsXpress

DENVER – First Data Corp., which just completed one acquisition and is in the process of being acquired, said yesterday it has agreed to acquire FundsXpress, the Austin, Texas, provider of online financial services to credit unions and banks. Got that. First Data, which recently spun off its Western Union unit, last week completed its acquisition of Wells Fargo’s ATM network, called Instance Cash Services. Completion of that deal came as First Data was agreeing to be acquired by private equity giant Kohlberg Kravis Roberts & Co. for $29 billion, one of the biggest deals ever. Now, First Data has agreed to acquired FundsXpress, a privately held provider of services like electronic bill payment and online security. Financial terms of the FundsXpress deal were not disclosed.