Vice Chairman, First Data
As Vice Chairman of First Data Corporation, Edward (Ed) Labry brings more than 30 years of industry leadership and a well-respected, lifelong career with First Data and predecessor companies. His responsibilities include serving as senior advisor to the CEO responsible for the company’s platinum customer relationships and responsible for prospective enterprise client engagement. He has championed First Data’s focus on responding to its customers’ rapidly changing needs.
From 2011 through 2012, Labry was president of First Data North America, a market that grew to contribute more than 85 percent of the company’s consolidated revenue under his leadership. First Data’s U.S. operations deliver products and services to financial institutions and bank alliance partners, merchants and commercial customers, providing virtually all services in the payment continuum, from payment card issuing to acquiring transactions at the point of sale for processing and settlement. Previously, he served as president of the company’s Retail and Alliance Services division.
Labry was president of Concord EFS, Inc., a high-growth processing company, when First Data acquired it in 2004. At Concord, he pioneered the acceptance of credit, debit and electronic benefit transactions in supermarkets, the introduction of pay-at-the-pump technology at gasoline stations, and the use of electronic payments in quick-service restaurants. He joined Concord in 1984 and over the years helped the company evolve beyond payment services for retailers and expand into network services for financial institutions. Labry engineered three strategic acquisitions that propelled Concord to the forefront of the ATM and debit card industry.
In April 2007, Labry was awarded the first-ever Distinguished Payments Professional of the Year Award by the Electronic Transactions Association. He was recognized as Payments Executive of the Year by Cards & Payments magazine. Labry was presented both awards for his more than 20 years of industry innovation and visionary leadership.
Labry received a bachelor’s degree in science from Cumberland University, which granted him the “Award of the Phoenix” for Outstanding Service in 2002 and an honorary doctorate in 2003.