In Omaha in recent years, First Data’s print mail facility at 72nd and Pacific Streets has generated more than 4 million pieces of mail daily. Its card factory in north-central Omaha has produced up to 100 million cards in a given year.

For these types of jobs at First Data in Omaha, Boyd said, “I would expect many of them just to disappear into the atmosphere.” Boyd, who runs the Boyd Co. site-selection firm of Princeton, New Jersey, has worked with major companies around the world, including in Omaha.

In the wake of the First Data deal, there is a risk that some jobs could be lost, said Anthony Hendrickson, dean of the Heider College of Business at Creighton University. But there’s also an opportunity: The companies said they would invest $500 million over the next five years in expanding certain parts of the business. Some of that investment could come to Omaha, he said.

“One would have to really be inside the tent” of executives to know what’s in their minds at this point, he said.

First Data and Fiserv said in their Wednesday statement that they intended to see “cost savings” as a result of the deal.