Paymentech Adds 23,500 Locations to Growing Roster of Petroleum Customers; Visit Paymentech at the NACS Show 2004 Booth 5723, Level 2, S3 and S4

Business Wire, Oct 18, 2004

LAS VEGAS -- Dallas-based Paymentech, a national electronic payment processor, announced today at the NACS Show in Las Vegas that it has added more than 23,500 petroleum locations to its customer base this year, marking Paymentech's largest petroleum market gain in the last decade.

Paymentech's petroleum customers run the gamut from large oil companies to regional players like recently-signed United Energy/Samson-Bladen Oil, Rally Stores and Risser Oil. Paymentech's petroleum-specific payment solutions have contributed to multiple contract wins in the last year.

Among these solutions is Partial Debit Authorization, which The Wall Street Journal reported on in February 2004. Partial Debit allows consumers to pay at the pump with their debit cards, even if they are low on cash and do not meet the minimum authorization requirement. The solution has saved merchants countless sales.

Innovations like these, as well as advancements with digital subscriber line DSL and IP connectivity, have helped Paymentech intensify Petroleum business development efforts.

"We chose Paymentech because of their size and scope in the market, and because they have the strategic partnerships that can deliver the broadest range of products and services to our stores," said Mark Perreault, VP/GM of Rally Stores. "And we were impressed that they can offer payment solutions that are specific to our industry."

In 2005, Paymentech will release multiple new POS certifications, part of the company's efforts to offer the widest range of payment options for petroleum marketers. Across all industry segments, Paymentech processes the largest portfolio by transaction volume in the United States.

Read about Paymentech's other petroleum contract wins by visiting the Newsroom at www.paymentech.com.

About Paymentech

Paymentech, L.P. processes more payment transactions than any other company in North America-and more than half of all Internet transactions-for retailers accepting U.S. and international payments via traditional point of sale, Internet, catalog and recurring payments. The privately held company, founded in 1985, is an end-to-end processor for merchants of all sizes and industries. Paymentech's 1,500 employees office in multiple locations across the country. In 2003, Paymentech and its Canadian affiliate, based in Toronto, processed 7B transactions and $162B in sales volume.