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.”



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