For Immediate Release:

Date: July 19, 2002
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 (SPS) Now Certified on Lipman NURIT® Terminals

SPS Now Certified on More Point of Sale Terminals for Check Conversion and Gift Cards than Any Other Processor


Secure Payment Systems, Inc. (SPS) the nation's only combination provider of both electronic check conversion and gift card services, is pleased to announce that it has officially certified all of its host-based, electronic check conversion, imaging, and gift card processing services for use on the Lipman NURIT® point-of-sale terminal family.

Combined with SPS' already extensive list of supported terminal platforms, this certification will give SPS the single largest list of point-of-sale terminal devices available for check and gift card processing services nationwide. Notwithstanding the above, and demonstrating ongoing technical innovation, SPS has additionally developed its own proprietary set of Windows™ PC programs designed specifically as "plug and play" electronic check conversion and gift card processing modules for retailers employing Windows™ based PC point-of-sale systems.

"We are thrilled to have this certification completed for our sales agents and merchants," commented Steve Eazell, Director of National Sales and Marketing for SPS. "Lipman's success can be attributed to their long term commitment to serving the Independent Sales Organization and merchant environment by offering high level state of the art technology and functionality."
"We are focused on the success of ISO's through an ongoing commitment to technology that assists in generating revenue and creating added value for their customers" said Jim Poulson, Executive Vice President of Sales for Lipman U.S.A., and "we are pleased that an important service provider like SPS has developed such desirable value-added service offerings for our terminal platform".

Secure Payment Systems, Inc. (SPS) (www.securepaymentsystems.com) was founded nearly 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.

Lipman USA, Inc. (www.lipmanusa.com) is a wholly owned subsidiary of Lipman Electronic Engineering, Ltd. Operating worldwide, Lipman ranks among today's premiere providers of robust, flexible and highly customizable electronic payment solutions. The leading supplier of wireless point-of-sale terminals in the United States, Lipman manufactures fixed and handheld transaction solutions that seamlessly integrate hardware, application and back-office software to help processors, providers and the merchants they serve do business better. Lipman Electronic Engineering, Ltd. is listed on the Tel Aviv Stock Exchange under the symbol LPMA.TA.

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