FOR IMMEDIATE RELEASE
Electronic Payment & Transfer Corp Introduces Bank Sponsor
Program
Bank Sponsorship Program For FDIC-Insured Institutions
PONTE VEDRA, Fla., March 26, 2007 -- Electronic Payment & Transfer Corp,
a rapidly growing independent payment processing company, introduced
today a sponsorship program for FDIC-insured depository institutions
that wish to become a card-issuing sponsor for the PIN-secured EasyGreen
Pay Card? and pay card solutions.
As a sponsor bank, financial institutions can leverage the EP&T card
management platform to serve "unbanked" consumers, acquire core
deposits, and generate non-interest income. The EP&T card management
platform operates in an online, real-time environment with direct links
to the STAR® network and gateways to all major EFT networks
including Allpoint™, the largest surcharge-free ATM network in the U.S.
Financial institutions must meet the following minimum qualifications to
become a card issuing sponsor bank:
U.S. based headquarters and total assets of $500 million or more
FDIC supervised bank
Safety and security rating of '1' or '2'
STAR® network member
ACH ODFI/RDFI participant
Steve Graham, President and CEO of Electronic Payment & Transfer Corp,
said "We look forward to working with leading financial institutions to
deliver an expanded portfolio of secure, trusted, pay card programs."
About
Electronic Payment & Transfer Corp
Electronic Payment & Transfer Corp is a rapidly growing payment processing company for financial institutions in the U.S. The company provides turnkey and private-label ATM/POS transaction processing, card management, money transfer, and settlement services. For more information about the company, please visit www.eptransfer.com. Certain
statements contained in this press release, including statements
regarding events and financial trends that may affect our future
operating results, financial position and cash flows, may constitute
"forward-looking statements" within the meaning of federal
securities laws. These certain statements are based on our
assumptions and estimates and are subject to risks and
uncertainties. You can identify these forward-looking statements by
the words like "strategy," "expects,"
"plans," "believes," "will,"
"estimates," "intends," "projects,"
"goals," "targets," and other words of similar
meaning. You can also identify them by the fact that they do not
relate strictly to historical trends or current facts. For these
statements, we claim protection of the safe harbor for
forward-looking statements provided by the Private Securities
Litigation Reform Act of 1995.
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