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BOCA RATON, FL. DataMax Systems Solutions, a recognized leader in the retail technology industry, announced today the sale of RTS, a centralized payment processing software application, to Ultramar Diamond Shamrock Corporation (NYSE:UDS). RTS is a multi-purpose, state-of-the-art electronic payment-processing application. It is NT-based and designed to provide payment authorization, enterprise data delivery, and real-time messaging from remote locations, over any existing communication infrastructure. "It is estimated that the likely payback period for this project is 12 months or less," said Doris Beaulieu of UDS. "Savings will be realized immediately through reduced processing fees associated with electronic payment transactions and cost reductions in communications." Ultramar Diamond Shamrock Corp., with about $17.0 billion in annual revenues and more than 20,000 employees, is one of the largest independent refining and marketing companies in North America. The company operates seven refineries in the United States and Canada with a total throughput capacity of 850,000 barrels per day and has over 5,000 branded retail gasoline/convenience merchandise stores in 20 states and 6 Canadian provinces, the majority of which are branded Diamond Shamrock, Ultramar, Beacon or Total. The corporation also has growing petrochemicals and home heating oil businesses. "DataMax began the work this summer, with the pilot taking less than 90 days to complete," said Elliott Wallace, president and CEO of DataMax. Founded in 1988, DataMax System Solutions is a recognized leader in the retail technology industry, offering innovative hardware and software solutions to large retail chains. With a focus on in-store solutions, DataMax brings current technology to the store to increase revenue, reduce expenses, and give the retailer a competitive advantage. With solutions installed in over twenty-five thousand POS stores, DataMax maintains one of the largest installed bases in the country. Solutions include: new and refurbished POS hardware, POS software, customer loyalty and stored value card applications, payment processing and data delivery software, network management, and store communications. Services include systems integration, systems installation, maintenance, and consolidation and storage of de-installed hardware. DataMax maintains an extensive knowledge of retail technology, communications, and networking. This allows DataMax to use a consultative approach when advising their clients where knowledge, experience, and know-how lead the way. As a result, DataMax has built a loyal following among medium to large-sized clients in the highly demanding retail industry, where a majority of their customers are retailers with 100 or more locations.
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