First Data Corp. to cut 550 jobs in Colorado

GREENWOOD VILLAGE, Colo. - First Data Corp. is cutting its Colorado workforce by 550 employees.

The Denver Post reports the cuts are part of First Data's efforts to increase efficiency and remain competitive in the payment services business.

The company moved its headquarters from Greenwood Village to Atlanta in 2009, but kept some of its operations in Greenwood Village.

First Data provides electronic commerce services and fraud and risk management.