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 Secure Payment Systems, Inc

Secure Payment Systems, Inc. (SPS) (www.securepaymentsystems.com) was founded over 6 years ago by Linden (Lin) Fellerman, former 20 year employee and 10 year President of the Telecredit / Equifax Check Services subsidiaries. With over 25 years of entrepreneurial achievement in transaction processing and risk management systems, Lin fosters a hands-on management philosophy resulting in what may arguably be the lowest merchant attrition rate in the industry. He attributes this success, and a 40% annual growth rate, to unprecedented customer service levels that begin and end with a philosophy that empowers sales agents and employees while rewarding and encouraging unusual attention to detail.

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.

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