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Capellas Leads Executive Session at PSCU Member Forum

First Data CEO Michael Capellas shared his thoughts on the state of the economy, the future of First Data and the landscape for financial institutions in 2009 and beyond in a senior leadership session for CEOs and CFOs of member credit unions at the PSCU 2009 Member Forum.

PSCU Financial Services Incorporated, a First Data customer, is a credit union service organization and provides traditional and online financial services to credit unions. Sixty leaders from PSCU’s member credit unions came to the forum to discuss the opportunities for credit unions during these turbulent economic times when many customers are turning away from larger financial institutions.

Capellas talked to the participant leaders about various financial topics, such as: the state of the economy, what First Data is uniquely positioned to see in terms of transaction volume in credit and debit, the political landscape and its possible implications for financial institutions in 2009 and beyond, and his thoughts on the opportunities for credit unions in current economic conditions.