Concord EFS To Process Payments for Chick-fil-A; Chick-fil-A is Among the First Quick Service Restaurants to Accept Credit Card Payments

Business Wire, August 13, 2001

Business Editors/Technology Writers

MEMPHIS, Tenn.--(BUSINESS WIRE)--Aug. 13, 2001

Concord EFS, Inc. (Nasdaq: CEFT), a leading electronic commerce provider, announced today that Chick-fil-A, Inc. has selected Concord to provide credit card payment processing for Chick-fil-A restaurants. Chick-fil-A, the nation's second-largest quick-service chicken restaurant chain, plans an initial market test to determine the feasibility of credit card acceptance in its restaurants. Depending on the results of this test, Chick-fil-A would partner with Concord to become one of the first quick-service restaurant chains to begin accepting credit cards for payment chain-wide. Quick-service restaurants, also called fast-food restaurants, are those that provide counter or drive-through service in place of table service.

"Customers that visit Chick-fil-A restaurants are looking for a satisfying meal delivered quickly, so we're committed to short lines and fast customer service," said Mike Erbrick, Director of Restaurant Information Systems at Chick-fil-A. "Concord has the ability to support all of the point-of-sale terminals and integrated systems that are needed to provide credit card payments, and they are working with us to configure a system that processes credit card payments quicker than cash. We were impressed with Concord's payments expertise, as well as their in-depth knowledge of the restaurant industry."

"Chick-fil-A is one of the most respected chains in the restaurant business, so we believe that their leadership in card-based payments will help to set a new standard for payments among quick-service restaurants," said Edward A. Labry III, Concord President. "We're very pleased to have the opportunity to work with them."

About Chick-fil-A Inc.

Atlanta-based Chick-fil-A, with more than 980 restaurants in 34 states, is now the country's second largest quick-service chicken restaurant chain in sales (according to Nation's Restaurant News top 100 ranking - 6/25/01). Chick-fil-A serves nutritious food products in malls, free-standing units, drive-thru-only outlets, Chick-fil-A Dwarf House(R) and Truett's Grill(R) full-service restaurants, and through licensed outlets in college campuses, hospitals, airports, businesses and industrial sites. Additional information about Chick-fil-A is available on the chain's Web site, located at www.chick-fil-a.com.

About Concord EFS, Inc.

Concord is a vertically-integrated electronic transaction processor, providing transaction authorization, data capture, settlement and funds transfer services to financial institutions, supermarkets, petroleum retailers, convenience stores, and other independent retailers. Concord's primary activities include Payment Services, providing credit, debit, check authorization, and electronic benefits transfer (EBT) processing services to selected retail segments, including quick-service restaurants; and Network Services, providing gateway processing, ATM driving, online and signature debit card processing, and network access to the financial services industry under the STAR(sm), MAC(R), and Cash Station(R) brands. Concord news releases, links to SEC filings, and other information are available on its corporate Web site at www.concordefs.com.

Note to Investors

This release may contain or incorporate by reference forward-looking statements made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Any such statements are not guarantees of future performance and involve risks, uncertainties and other factors which may cause our actual performance or achievements to be materially different from any future results, performance or achievements expressed or implied by those statements. Concord undertakes no obligation to publicly update or revise any forward-looking statements to reflect changed assumptions, the occurrence of anticipated or unanticipated events or changes to future results over time. See the cautionary statements included as Exhibit 99.1 to our Form 8-K filed on July 18, 2001 for a more detailed discussion of certain of the factors that could cause our actual results to differ materially from those included in the forward-looking statements.