ENGLEWOOD, Colo. - Three senior executives of Integrated Payment Systems Inc., the First Data Corp. subsidiary that operates the MoneyGram money transmission service, have been named to a newly formed office of the president.

The organizational step was related to First Data's pending merger with First Financial Management Corp., another major transaction processing company. As a condition for Federal Trade Commission approval, First Data agreed to spin off the sales and marketing functions of either MoneyGram or Western Union Financial Services, the competing operation owned by First Financial.

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