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Fiserv acquires Consumer Network Services business from EDS

Fiserv announced that it is acquiring the Consumer Network Services business from EDS for $320 MM cash.

CNS is one of the nation‚s largest electronic funds transfer (EFT) transaction processors and automated teller machine operators. The deal is expected to close by the end of the year, pending regulatory review. The 2003 processing and services revenues from this business are projected to be $150-160 million.

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