First Data 2007 Annual Report Download - page 211

Chase Paymentech
NOTES TO COMBINED FINANCIAL STATEMENTS – CONTINUED
For the years ended December 31, 2007 and 2006 and
the year ended December 31, 2005 (unaudited)
The Company entered into agreements with FDC to provide data transmission, authorization and portfolio management services. Revenue for these services is
included in revenue on the combined statements of income and comprehensive income. The related receivable is included in accounts receivable on the
combined balance sheets.
The Company entered into an employee lease arrangement under which FDC provided employees to work at the direction of the Company. The term of the
agreement was from January 1, 2006 through December 31, 2006. Expenses incurred under this leasing arrangement are included in salaries and employee
benefits on the combined statements of income and comprehensive income for the year ended December 31, 2006. The payable related to these services is
included in payables to related parties and other accrued expenses on the combined balance sheet as of December 31, 2006.
The Company has various other arrangements with JPMorgan Chase and FDC under which other services may be provided or received. The related amount of
revenues and expenses for these services are less than 1% of total revenues and expenses on the combined statements of income and comprehensive income,
respectively, for the years ended December 31, 2007, 2006, and 2005.
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