First Data Corp. signed an agreement with regulators Tuesday to correct a year-2000 computer glitch in part of its credit card merchant processing business.

A joint action of all five depository institution regulatory agencies, the order relates to less than 10% of the business of Atlanta-based First Data, the leading transaction processor in the bank card business. First Data agreed to submit a correction plan within 15 days, test the fixes by June 30 and complete them by July 11.

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