Seeking more efficiencies and a place in the emerging business of electronic bill payment and presentment, DST Systems Inc., the mutual fund processing giant, has announced an agreement to buy USCS International for $874 million of stock.

USCS International, which publishes and processes paper-based bills for the cable television industry and others, and sells related software, would become an operating unit of DST Systems. USCS's $300 million of annual revenue would bring the combined company to $1.1 billion in revenues. It would have 8,000 employees.

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