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First Data opens new office

First Data Investors Services Group has completed a new 80,000 square-foot facility in King of Prussia, Pa. for transfer agent operations. About 200 employees are being transferred there from other sites throughout the First Data investor services system, which operates in Massachusetts, California, Florida, Georgia, Maryland, North Carolina, Pennsylvania and Virginia. First Data now has two facilities in King of Prussia and employs more than 400 people at both sites. It hopes to expand to a total of 800 through relocations and new hires.