To: Benny Baga who wrote (12831 ) 12/22/1999 8:53:00 AM From: Rob C. Read Replies (1) | Respond to of 20297
News this am... First Oil Company Credit Card to Offer All Consumer Customers Online Payment And Statement Receipt Through CheckFree DALLAS, Dec. 22 /PRNewswire/ -- Associates First Capital Corporation (NYSE: AFS) today became the first company to offer an entire gasoline credit card portfolio -- 3.5 million Amoco consumer gasoline credit card customers -- an opportunity to receive monthly statements and make payments through their computers. The Associates owns and manages Amoco's private label oil and bank credit card portfolios. "The Associates is constantly seeking new opportunities to enhance the value and convenience of Amoco gasoline credit cards," said Carl A. Caruso, executive vice president and general manager of private label oil cards for Associates Credit Card Operations. "This innovative approach to managing gas card payments and record keeping is designed to save customers time and money, and ultimately ensure that an Amoco card is among the most desirable gas cards to carry." The Associates E-bill program operates with the CheckFree's (Nasdaq: CKFR), industry leading online transaction security technology, whereby the information transacted on the site is scrambled into a security- tight code to ensure a high level of protection. The Associates ranks first in the private label oil credit card market in the U.S. with 10 million active accounts and $2 billion in receivables under its BP Amoco, Texaco and Shell programs. The Associates also is a major issuer of private label retail and bank credit cards. The Associates E-bill payment program was developed and implemented for Amoco customers in conjunction with CheckFree, the leader in the electronic billing and payment industry. Customers can enroll for this service at mybills.com . Associates First Capital Corporation, established in 1918, is a leading diversified finance company providing consumer and commercial finance, leasing, insurance and related services worldwide. The Associates has operations in the United States and 13 international markets. Headquartered in Dallas, it is the largest publicly traded finance company in the United States, based on total market capitalization. For more information, visit The Associates Web site at www.theassociates.com. This news release may contain certain forward-looking statements. The factors which may cause future results to differ materially from expectations are discussed in the Form 10-K for the year ended Dec. 31, 1998, filed with the Securities and Exchange Commission. SOURCE Associates First Capital Corporation -0- 12/22/1999 /CONTACT: media, David Sandor, 972-652-4522, or Mendi Smith, 972-652-4532, or pager, 888-628-1104, both of Associates First Capital Corporation; or Judy Morris of CheckFree, 678-375-1595, or email, jdmorris@checkfree.com; or analysts, 972-652-7294, or email, investor_relations@afcc.com, or shareholders, 1-888-NYSE-AFS, all for Associates First Capital Corporation/ /Photo: NewsCom: newscom.com PR Newswire Photo Desk, 888-776-6555 or 201-369-3467 /Web site: mybills.com theassociates.com (AFS CKFR) CO: Associates First Capital Corporation; BP Amoco; CheckFree ST: Texas, Georgia IN: FIN OIL SU: