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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (date of earliest event reported) August 28, 1998
PAYMENTECH, INC.
(Exact name of registrant as specified in its charter)
DELAWARE 1-14224 75-2634185
(State or other jurisdiction of (Commission File (I.R.S. Employer
incorporation or organization) Number) Identification Number)
1601 ELM STREET, SUITE 800, DALLAS, TEXAS 75201
(Address of principal executive offices) (Zip Code)
214-849-2149
(Registrant's telephone number, including area code)
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Item 5. Other Events.
In April 1997, BANC ONE CORPORATION ("BANC ONE") and Paymentech, Inc.
announced that BANC ONE expected to reduce its ownership in Paymentech provided
that such ownership reduction could be accomplished in such a way as to preserve
the pooling of interest accounting treatment of the BANC ONE/First USA merger
transaction. BANC ONE has informed Paymentech that it has recently completed an
assessment of the strategic value of its ownership interest in Paymentech and a
review of the business prospects of Paymentech and has concluded that its
present intention is not to reduce this ownership interest.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
Date: August 28,1998
PAYMENTECH, INC.
(Registrant)
By: /s/ PHILIP E. TAKEN
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Philip E. Taken
Chief Administrative Officer and
General Counsel
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