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                                                                    EXHIBIT 23.2





                      CONSENT OF INDEPENDENT ACCOUNTANTS

We hereby consent to the incorporation by reference in the Prospectus
constituting part of the Registration Statement on Form S-3 (No. 33-56327) of
First Financial Management Corporation ("FFMC") of our report dated February
22, 1994 relating to the consolidated financial statements of Western Union
Financial Services, Inc. (a wholly owned subsidiary of New Valley Corporation)
and its subsidiaries, which appears in the Current Report by FFMC on Form 8-K
dated November 4, 1994.  We also consent to the references to us under the
heading "Experts" in such Prospectus.


/s/ Price Waterhouse LLP
PRICE WATERHOUSE LLP


Morristown, New Jersey
December 5, 1994