Tuesday July 6, 8:30 am Eastern Time
Company Press Release
Ultramar Diamond Shamrock Selects billserv.com to Provide Electronic Bill Presentment and Payment System
With over 825,000 active customer accounts, Ultramar Diamond Shamrock becomes billserv.com's largest customer
SAN ANTONIO--(BUSINESS WIRE)--July 6, 1999-- billserv.com, Inc. (OTC BB:BLLS - news), today announced it has signed an agreement with Ultramar Diamond Shamrock Corporation (NYSE:UDS - news) to provide an electronic bill presentment and payment (EBPP) system, enabling Diamond Shamrock customers to receive and pay their monthly gasoline credit card bills online.
With more than 825,000 consumer credit card statements currently mailed each month, Ultramar Diamond Shamrock represents billserv.com's largest customer to date.
Ultramar Diamond Shamrock, with more than $11 billion in revenue, operates about 6,000 retail locations in 18 states and six Canadian provinces, and is one of the largest independent refining and marketing companies in North America.
Under the agreement, billserv.com will be the exclusive provider of EBPP services to Ultramar Diamond Shamrock. billserv.com will provide end-to-end electronic billing services, which includes receiving Diamond Shamrock's customer billing data, delivering it to electronic billing payment front ends such as CheckFree, NetDelivery and Cybercash, and then processing customer payments back to Diamond Shamrock. billserv.com will begin processing Ultramar Diamond Shamrock's billing data following completion of a pilot program, scheduled to begin shortly.
''Our agreement to provide Ultramar Diamond Shamrock with a turnkey electronic billing solution is a significant opportunity to join forces with a leading and innovative marketing organization,'' said Michael Long, chairman and CEO of billserv.com. ''Because of its billing volume and monthly billing cycles, Ultramar Diamond Shamrock represents an ideal biller that has the most to gain from EBPP, and we're very pleased to begin working with them.''
''Ultramar Diamond Shamrock is always searching for ways to enhance customer convenience and reduce operating costs, and we're looking forward to offering this new service,'' said Dane Williams, Diamond Shamrock manager of credit card operations.
About Ultramar Diamond Shamrock
Ultramar Diamond Shamrock Corp. (NYSE:UDS - news), with over $11.0 billion in annual revenues, is one of the largest independent petroleum refining and petroleum product and convenience merchandise marketing companies in North America. The corporation owns seven refineries in the United States and Canada with a total throughput capacity of 685,000 barrels per day and has approximately 6,000 branded retail gasoline/convenience merchandise stores, the majority of which are branded Diamond Shamrock, Ultramar, Beacon or Total. The corporation also has growing petrochemicals and home heating oil businesses.
About billserv.com
billserv.com, Inc. (OTC BB:BLLS - news) is an electronic bill presentment and payment service bureau that provides small- to medium-sized billers with a turnkey outsourcing solution for presenting bills to consumers for payment on the Internet. billserv.com serves an intermediary role between billers and bill aggregators by consolidating customer billing information from multiple billers, and then securely delivering it to aggregators. billserv.com has four product offerings: Internet billing clearinghouse services (eServ(SM)), ePublishing(SM), customer care services (eCare(SM)) and professional consulting services (eConsulting(SM)). billserv.com also owns and develops bills.com, the first EBPP Internet portal where consumers can pay all their bills electronically. For additional information, visit www. billserv.com or call 210/402-5000.
Certain statements contained herein are ''forward-looking'' statements (as such term is defined in the Private Securities Reform Act of 1995). Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements.
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Contact:
Davis.Comm Inc. (for billserv.com)
Jeff Davis or Kevin Manniko, 415/837-3939
jdavis@daviscomm.com
kmanniko@daviscomm.com
OR
Investor Relations:
888/559-4184
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