Charles Fote, who stepped down as First Data Corp.'s chief executive in 2005, is returning to the payment industry with plans to launch a company much like the one he left.

He has already lined up private-equity investors and created a management team for a yet-to-be-named holding company, and he is on the lookout for payment companies he can acquire, according to Staci Busby, a spokeswoman for Fote. The goal is to combine fund transfers, card processing, bill payments, money orders, global currency conversions and electronic payment capabilities.

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