[Federal Register Volume 61, Number 68 (Monday, April 8, 1996)]
[Notices]
[Pages 15484-15485]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-8658]



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FEDERAL TRADE COMMISSION
[Dkt. C-3635]

First Data Corp.; Prohibited Trade Practices, and Affirmative 
Corrective Actions
AGENCY: Federal Trade Commission.

ACTION: Consent order.

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SUMMARY: In settlement of alleged violations of federal law prohibiting 
unfair acts and practices and unfair methods of competition, this 
consent order requires, among other things, First, Data, a New Jersey-
based corporation, to divest, within 12 months to a Commission-approved 
acquirer, either its own MoneyGram business or First Financial's 
Western Union business. If the divestiture is not completed on time, 
the consent order allows the Commission to appoint a trustee.

DATES: Complaint and Order issued January 16, 1996.\1\

    \1\ Copies of the Complaint, the Decision and Order, and 
Commissioner Varney's statement are available from the Commission's 
Public reference Branch, H-130, 6th Street & Pennsylvania Avenue, 
NW., Washington, DC. 20580.
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FOR FURTHER INFORMATION CONTACT: Ann Malester, FTC/S-2307, Washington, 
DC. 20580. (202) 326-2682.

SUPPLEMENTARY INFORMATION: On Thursday, October 5, 1995, there was 
published in the Federal Register 60 FR 52188, a proposed consent 
agreement with analysis In the Matter of First Data Corporation, for 
the purpose of soliciting public comment. Interested parties were given 
sixty (60) days in which to submit comments, suggestions or objections 
regarding the proposed form of the order.
    A comment was filed and considered by the Commission. The 
Commission has ordered the issuance of the

[[Page 15485]]
complaint in the form contemplated by the agreement, made its 
jurisdictional findings and entered an order to divest, as set forth in 
the proposed consent agreement, in disposition of this proceeding.

(Sec. 6, 38 Stat. 721; 15 U.S.C. 46. Interpret or apply sec. 5, 38 
Stat. 719, as amended; sec. 7, 38 Stat. 731, as amended; 15 U.S.C. 
45, 18)
Donald S. Clark,
Secretary.
[FR Doc. 96-8658 Filed 4-5-96; 8:45 am]
BILLING CODE 6750-01-M