FOR IMMEDIATE RELEASE
Electronic Payment & Transfer Delivers Enhanced Security
Multifactor Authentication Provides Enhanced Security for Clients and Cardholders
PONTE VEDRA, Fla., September 14, 2006 -- Electronic Payment & Transfer Corp,
a rapidly growing independent payment processing company, announced today the successful implementation
of a new multi-factor authentication process on the EasyGreen Pay Card™ platform to authenticate
the identity of payroll administrators and cardholders.
The new authentication process was implemented in response to guidance issued by Federal Financial
Institutions Examination Council (FFIEC), which recommends a multifactor authentication process to mitigate
risks in accessing internet-based financial services. The introduction of the multi-factor authentication
process is expected to enhance overall security, improve the protection of customer information, and reduce
the risk of fraud on the EasyGreen Pay Card™ platform.
Steve Graham, President and CEO of Electronic Payment & Transfer Corp, said "We are pleased to introduce
this important security enhancement to help protect sensitive cardholder information. We are committed to providing
our clients the most robust and secure payroll card program in the industry."
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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