Date: April 10, 2006
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 Record Growth
 

SPS Reports Record 1st Quarter Revenue

Secure Payment Systems, one of the nation's leading payment service processors, is pleased to report that they have achieved record revenues by recording a 28% gain in the first quarter of calendar 2006. SPS directly provides a broad range of financial services including but not limited to POS-based check authorization, guarantee, and electronic conversion services, gift & loyalty transaction processing, ACH transaction processing, WEB-based recurring payment software, and “cashless” payroll check cashing via SPS's proprietary “enCASH” ATM debit card.

These record revenues continue to allow the company to fuel systems enhancements, growth of support infrastructure, and new product development aimed at third party POS systems integrations, enhancements to existing service offerings, and international initiatives.

"These record revenues continue to reaffirm the content of our growth strategies", commented Lin Fellerman, President and CEO. "The merchant acquiring industry is recognizing a new reliance on value added services. Our broad variety of product and service initiatives complemented by outstanding service and support levels, continue to bring us high quality customers and sales agents at unprecedented rates.”

About Secure Payment Systems, Inc

Secure Payment Systems, Inc. (SPS) ( www.securepaymentsystems.com ) was founded in 1996 by Linden (Lin) Fellerman, former 20 year employee and 10 year President of the Telecredit / Equifax Check Services subsidiaries. With over 30 years of entrepreneurial achievement in transaction processing and risk management systems, Lin fosters a hands-on management philosophy. He attributes this success, and a substantial 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.