Secure Payment Systems Announces Unique Enhancements

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For Immediate Release:
 
Date: February 6, 2009
Place: San Diego, California
Contact:  Steve Eazell - Director National Sales and Marketing
Phone: 1-866-300-3376
Fax: 1-707-836-1979
Email: seazell@securepaymentsystems.com
Web: www.securepaymentsystems.com

Secure Payment Systems Announces Unique Enhancements

SPS Automates & Adds Advance Funding to '90 Days Same as Cash' Options

Secure Payment Systems, a national leader of value added payment services and transaction processing is pleased to announce two exciting new enhancements to its popular '90 Days Same as Cash' PayDay products. The traditional Payday produce allows consumers to write up to 4 checks for a single retail business transaction, each check payable in deferred 30 day increments. Since concluding testing and initiating sales meetings in mid December 2008 we are pleased to announce the following new options:

PayDay Express

No longer will merchants need to manually deposit "deferred" paper checks in 30 day increments or submit claims. Merchants will now have their deposits electronically settled and consumers automatically debited in 0, 30, 60 and 90 day increments.

PayDay Express Plus

Identical to the Express version of our PayDay product but with a unique twist, we will be settling the entirety of the merchant's funds electronically and upfront (Advance Funding), before SPS debits customers on their 90 day schedule.


"We are pleased to be bringing these products to market," commented Steve Eazell, National Sales and Marketing Director. Steve added, "We realize that the electronic version of our PayDay product was much anticipated, but with an unprecedented Advance Funding option now also available, this is a big win for us."


About Secure Payment Systems  (www.securepaymentsystems.com)

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 | www.securepaymentsystems.com | 702.701.8433
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