MAC(R) Network Announces Cash Monitoring Product for ATMs

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MAC(R) Network Announces Cash Monitoring Product for ATMs
    WILMINGTON, Del., May 6 /PRNewswire/ -- Electronic Payment Services, Inc.
(EPS) announced today the availability of Cash Monitoring for the majority of
ATMs across the MAC(R) network.  The optional Cash Monitoring product provides
clients with a tool to improve ATM availability by notifying them or their
service provider when the cash in an ATM reaches a predetermined amount.  This
"flag" enables the ATM owner to make provisions for replenishing the cash well
before depletion, reducing the likelihood of an ATM running out of cash.  The
Cash Monitoring product is designed to improve the overall availability and
delivery of services to consumers and help ATM owners better manage their cash
flow.

    MONEY ACCESS SERVICE INC. (MAS) highlights for the first quarter included:
   -- MAS processed over 327.7 million switch transactions during the first
        quarter 1998.  This represented a 15% growth over first quarter 1997.
        ATM volume was 15% above first quarter 1997 with over 295 million
        transactions, while MAC point-of-sale (POS) volume increased 28% over
        first quarter 1997 with over 32.7 million transactions.  March was an
        outstanding month for MAC network transaction volume, processing a
        record-setting 116 million transactions.
   -- The MAC network increased its presence in the state of Michigan adding
        8 new financial institutions with a total of 35,700 cards and 55 ATMs
        during the first quarter.
   -- The MAC network added 27 new financial institution members across 9
        states in the first quarter and 28 new merchants and independent
        sales organizations (ISOs) in 13 states during the same period.
        There are currently 2,183 financial institution members across the
        United States participating in the MAC network.
   -- MAC(R) point-of-sale (POS) locations continued to grow during first
        quarter, and now there are over 426,000 POS terminals and
        approximately 200,000 locations displaying the MAC brand across the
        U.S.
   -- MAS installed 2,432 ATMs in the first quarter.  EPS continues to be the
        leading terminal driver in the industry, driving 25,000 ATMs.
   -- There are currently 34,000 ATMs and 36.5 million cards bearing the MAC
        logo.

    Electronic Payment Services, Inc. (EPS), a privately held company
headquartered in Wilmington, Delaware, is a leading electronic funds transfer
(EFT) processor in the United States, with approximately 2.3 billion
transactions annually.  EPS is the holding company for BUYPASS Corporation, a
major third-party POS processor and debit transaction acquirer with annual
transaction volume of over 1 billion; and MONEY ACCESS SERVICE INC., an
EFT processor driving 25,000 ATMs in all 50 states.  MONEY ACCESS SERVICE is
also operator of the MAC(R) EFT network, the largest EFT network in the United
States based on almost 1.3 billion switch transactions annually, with 34,000
ATMs and over 426,000 POS terminals nationally.  Close to 2,200 financial
institutions are members of the MAC network, with 36.5 million customers
carrying cards bearing the MAC logo.  MONEY ACCESS SERVICE INC. controls the
license rights for the registered trademark MAC.
    For more information about EPS' Cash Monitoring solution, contact product
manager Mike Vigilante at mvigilante@neteps.com
SOURCE Electronic Payment Services
http://www.prnewswire.com or
fax, 800-758-5804, ext. 576550
CONTACT:
Tricia L. Schafer, Public Relations Associate
of Electronic Payment Services, 302-791-8906