Deal Adds up to 2,600 Circle K and Phillips 66
Locations to Western Union Agent Network
DENVER, July 24 /PRNewswire-FirstCall/ -- First Data Corp. (NYSE: FDC), a
global leader in electronic commerce and payment services, today announced
that its Western Union Financial Services subsidiary has signed a multi-year
agreement with Phillips 66 Company, a division of Phillips Petroleum Company
(NYSE: P), to provide money transfer services in up to 2,600 Circle K and
Phillips 66 locations.
The addition of Circle K, one of the largest convenience store chains in
North America, and Phillips 66, a premier chain of service stations, will
expand the availability of Western Union's services throughout the United
States. Western Union expects to roll out its money transfer services in more
than 1,500 Circle K and Phillips 66 locations during the next year, with
additional locations to follow over the length of the contract.
"By adding Circle K and Phillips 66 to our agent network, Western Union is
now able to provide consumers with even more convenient options for their
money transfer needs," said Michael Yerington, president, Western Union North
America. "In addition, Western Union provides its agents with the opportunity
for incremental income. Our services have proven to increase store traffic
and attract repeat customers, making this a win-win situation for everyone
involved."
"Our goal at Circle K and Phillips 66 is to offer consumers the most
convenient products and services, while maintaining the quality they have come
to expect from us," said Doug Hecker, manager of retail marketing for Phillips
66 Company. "Western Union Money Transfer services offer our customers a real
value added service from a well-known and respected brand name. It will be a
great addition to Circle K's current offering of quality merchandise and
consumer services."
About Western Union Financial Services, Inc. and First Data
Western Union Financial Services, Inc., a subsidiary of First Data Corp.
(NYSE: FDC), is an international leader in consumer money transfer services.
Consumers can quickly, safely and reliably pay bills and transfer money around
the globe using the company's proprietary money transfer network. Western
Union and its subsidiary, Orlandi Valuta, together make up one of the world's
largest money transfer networks with a total of approximately 130,000 Agent
locations in more than 190 countries and territories. Famous for its
pioneering telegraph service, the original Western Union dates back to 1851
and introduced electronic money transfer service in 1871. For more
information, please visit the company's Web site at http://www.westernunion.com .
First Data Corp., with global headquarters in Denver, helps power the
global economy. Serving approximately 2.8 million merchant locations,
1,400 card issuers and millions of consumers, First Data makes it easy, fast
and secure for people and businesses to buy goods and services, using
virtually any form of payment: credit, debit, smart card, stored-value card or
check at the point-of-sale, over the Internet or by money transfer. For more
information, please visit the company's Web site at http://www.firstdata.com .
Circle K and Phillips 66 are registered trademarks of Phillips 66 Company,
a division of Phillips Petroleum Company (NYSE: P) or its affiliates.
Phillips is an integrated petroleum company with interests around the world.
Headquartered in Bartlesville, Okla., the company has 37,400 employees,
$36 billion of assets and had $28 billion of annualized revenues as of March
31, 2002. Phillips markets gasoline and convenience store products in the
United States through a network of over 12,000 retail sites under the Phillips
66, Union 76, Circle K, Exxon, Mobil and Coastal brands. More information is
located on the World Wide Web at http://www.phillips66.com , http://www.circlek.com or
http://www.76.com .
SOURCE First Data Corp.
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Related links:
http://www.76.com
http://www.circlek.com http://www.phillips66.com
http://www.firstdata.com http://www.westernunion.com
CONTACT:
media, Wendy Carver-Herbert of Western Union
Financial Services, Inc., +1-303-967-6416,
wendy.carver@firstdatacorp.com; or Julie Igo of Phillips 66
Company, +1-602-728-4516, jigo1@ppco.com; or investors, David
Banks of First Data Corp., +1-303-967-8057,
david.banks@firstdatacorp.com
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