Jul 24, 2002

Western Union and Phillips 66 Company Sign Money Transfer Agreement

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 - News), 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 - News), 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 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 www.firstdata.com .

Circle K and Phillips 66 are registered trademarks of Phillips 66 Company, a division of Phillips Petroleum Company (NYSE: P - News) 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 www.phillips66.com , www.circlek.com or www.76.com .