First Data Reports Third Quarter 2012 Financial Results

First Data has reported its financial results for 3Q2012.

Consolidated revenue for the third quarter was $2.7 billion, down $58 million, or 2%, compared to a year ago on a $73 million decline in debit network fees partially offset by an increase in merchant acquiring revenue. Debit network fees are passed directly to customers and therefore did not impact operating income. Adjusted revenue, which excludes certain items including debit network fees, increased $34 million, or 2%, year-over-year to $1.7 billion.