SPS (Secure Payment Systems) Announces Record Growth

Secure Payment Systems Announces Record Growth

SPS Reports 48% Volume Increase Year Over Year (Jan - Apr)

Secure Payment Systems, one of the nation's leading check services companies and the only company that provides a truly integrated check conversion and gift card program is pleased to report that they have achieved a record 48% increase in volume for the first four months of 2003 as compared to the same period last year.

"We are delighted with the results to-date and only see the trend continuing", commented Lin Fellerman, President and CEO. "The broad variety of product and service initiatives, complemented by outstanding service levels, continue to bring us customers and sales agents at unprecedented rates. Naturally, we are all extremely pleased with these results."

"I am not entirely surprised," remarked Steve Eazell, National Sales and Marketing Director. "We continue to make significant strides toward a stronger awareness of our value in the marketplace. Additionally, the merchant acquiring industry has experienced a new reliance on value added services, and we are well placed to take advantage of those needs. We are reaping the rewards of a growing and substantial national base of independent sales organizations".