SPS (Secure Payment Systems) & Payment Processing, Inc. Sign Agreement

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For Immediate Release:

Date: July 3, 2003
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 & Payment Processing, Inc. Sign Agreement

SPS to Provide E-Check Services for PPI

(San Diego, CA) Secure Payment Systems (SPS), one of the nation's leading check and gift card services processors and the only company in the U.S. that provides a truly integrated check conversion and gift card program is pleased to announce an exciting new agreement with Payment Processing, Inc (PPI) to provide Electronic Check Conversion and Guarantee Services through all PPI sales channels.

Through this new agreement, PPI will enhance their suite of customized payment solutions to include expanded electronic check capabilities from SPS. As one of the nation's leading independent payment processing providers, PPI successfully meets the processing challenges of both traditional retailers and emerging merchant segments. SPS will provide a number of value added services including electronic check conversion and ACH processing to PPI's broad range of merchants.

Steve Eazell, SPS Director of Sales & Marketing stated, "We feel strongly that our suite of value added services is a superior fit for today's varied retail mix. Combining our core competencies with PPI's will generate a strong combination of products keyed toward unusual additional value as well as unsurpassed customer service."

"We pride ourselves on generating value and providing superior customer support to our merchants," commented Chuck Smith, President and CEO of PPI. "Our customers rely on us to provide them with flexible, innovative payment solutions. Our ability to deliver SPS services is a natural extension of our commitment to service excellence and will enable us to support the ever-evolving processing needs of our merchants."


About Payment Processing, Inc.

Payment Processing, Inc.,(www.paypros.com) headquartered at the northern end of Silicon Valley in Fremont, California, is a leading provider of custom payment processing solutions for Retail merchants (including, restaurants, grocery, hospitality & service), MOTO merchants (mail/telephone order) and Internet merchants. PPI is a pioneer in PC-based transaction processing, specializing in transaction software and gateway service integration. A hybrid payment solution provider, PPI has long-standing, demonstrated expertise in transaction technology and transactional banking. PPI's suite of electronic transaction processing solutions delivers credit card, debit card, check guarantee, ACH check processing, gift & loyalty programs and EBT (Electronic Benefits Transfer) programs to the merchant community.

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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