For Immediate Release:
 
Date: February 6, 2009
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 Unique Enhancements
 

SPS Automates & Adds Advance Funding to '90 Days Same as Cash' Options

Secure Payment Systems, a national leader of value added payment services and transaction processing is pleased to announce two exciting new enhancements to its popular '90 Days Same as Cash' PayDay products. The traditional Payday produce allows consumers to write up to 4 checks for a single retail business transaction, each check payable in deferred 30 day increments. Since concluding testing and initiating sales meetings in mid December 2008 we are pleased to announce the following new options:


PayDay Express :

No longer will merchants need to manually deposit "deferred" paper checks in 30 day increments or submit claims. Merchants will now have their deposits electronically settled and consumers automatically debited in 0, 30, 60 and 90 day increments.


PayDay Express Plus :

Identical to the Express version of our PayDay product but with a unique twist, we will be settling the entirety of the merchant's funds electronically and upfront (Advance Funding), before SPS debits customers on their 90 day schedule.

"We are pleased to be bringing these products to market," commented Steve Eazell, National Sales and Marketing Director. Steve added, "We realize that the electronic version of our PayDay product was much anticipated, but with an unprecedented Advance Funding option now also available, this is a big win for us."

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 resulting in 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.