First Data Corp., a global leader in electronic commerce and payment services, has completed the sale of the assets of its subsidiary, IRS Intelligent Risk Management Solutions GmbH (“IRS GmbH”), to the newly founded IRIS Analytics GmbH, under the terms of a management buyout and with effect from 1 August 2007. The sale will enable First Data to focus on its core business while securing continuing access to the IRIS fraud prevention system. The employees of IRS GmbH transfer to IRIS Analytics GmbH.