Secure Payment Systems Announces Record Growth

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Date: October 15, 2005
Place: San Diego, California
Contact: Steve Eazell-Director National Sales and Marketing
Phone: 1-866-300-3376
Fax: 1-707-836-1979

Secure Payment Systems Announces Record Growth  

SPS Reports Record 3rd Quarter and Year-To-Date Revenue and Earnings

Secure Payment Systems, one of the nation's leading payment service processors, is pleased to report that they have achieved record revenues by recording a 26% gain in the third quarter and 23% gain year-to-date. SPS directly provides a broad range of financial services including but not limited to POS-based check authorization, guarantee, and electronic conversion services, gift & loyalty transaction processing, WEB-based recurring payment software, and “cashless” payroll check cashing via SPS's proprietary “enCASH” ATM debit card.

These record revenues have contributed to substantial earnings gains that the company continues to use to fuel systems enhancements, growth of support infrastructure, and new product development aimed at third party POS systems integrations, enhancements to existing service offerings, and international initiatives.

"Naturally, we are delighted with the results to-date and only see the trend continuing", commented Lin Fellerman, President and CEO. "The merchant acquiring industry is recognizing a new reliance on value added services. Our unusually low merchant attrition rate, as well as a broad variety of product and service initiatives complemented by outstanding service levels, continue to bring us customers and sales agents at unprecedented rates.”

About Secure Payment Systems  (

Founded in 1996 and headquartered in Las Vegas, NV Secure Payment Systems ("SPS") provides fully redundant payment processing solutions to over 10,000 retail, lending, wholesale, and corporate endpoints across North America. SPS facilitates the transfer of value by providing businesses with a full range of transaction processing, reporting, and risk management tools so they may quickly and confidently accept payments, pay vendors, or transfer funds at the POS or on the WEB. These solutions include underwriting and guaranteeing eCheck transaction risk, deferred payment programs allowing consumers to stretch retail purchases up to 18 months, automated origination of recurring & one-time ACH debits and credits, electronic remote check imaging & deposit, gift & loyalty card processing, as well as internal and external third party database verification access for a complete POS risk management solution.

Secure Payment Systems Inc. | 3993 Howard Hughes Pkwy #390, Las Vegas, NV 89169 | | 702.701.8433
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