ATLANTA, Dec. 2 /PRNewswire/ -- BUYPASS Corporation has announced the
promotion of Ron Carter, previously senior vice president,
Petroleum/Convenience Store and Hospitality Product Sales for BUYPASS
Corporation, to president of BUYPASS. BUYPASS Corporation, a subsidiary of
Electronic Payment Services, Inc. (EPS) is a major third-party POS processor
and debit transaction acquirer with annual transaction volume of over 900
million.
"Ron Carter possesses in-depth experience and a wealth of knowledge in the
industries BUYPASS serves, and we are very excited that Ron has accepted the
challenge of applying this experience and knowledge to managing our BUYPASS
operation," said Richard Garman, president and chief executive officer, EPS.
Carter reports to Ruth Ann Marshall, former BUYPASS president, who was
promoted to executive vice president and group executive of EPS. In her new
role, Marshall is now responsible for all BUYPASS and MAC(R) client
relationships, including customer service and product management functions.
Other BUYPASS 3rd Quarter Highlights
-- Tim Finn succeeds Ron Carter as vice president of Petroleum and
Convenience Store Sales.
-- BUYPASS' third-quarter transaction volume was 265.3 million, up 32%
over third quarter 1996. This included 57.3 million debit POS
transactions, 85% above third quarter 1996, and 5.9 million
electronic benefits transfer (EBT) transactions.
-- BUYPASS expanded its EBT offering to include programs in Arkansas,
Georgia, Idaho, Iowa, and Oregon during the third quarter; BUYPASS
now processes for EBT programs in 24 states.
-- BUYPASS increased the number of terminals certified for supporting EBT
transactions by completing testing and certification on new software
for VeriFone's TRANZ 330 POS terminal. The software now supports EBT
transactions in addition to debit and credit.
-- BUYPASS added l,342 new merchant locations in the third quarter.
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 over 2 billion transactions
annually. EPS is the holding company for BUYPASS Corporation and MONEY ACCESS
SERVICE INC.
BUYPASS Corporation, headquartered in Atlanta, Georgia, provides
processing for 50 of the top 200 grocery store chains in the United States.
One out of every ten debit POS transactions performed in the United States is
processed by BUYPASS. BUYPASS also has electronic benefits transfer (EBT)
programs in 24 states and provides gateway access to over 46 credit, debit and
EBT gateways.
SOURCE BUYPASS Corporation
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CONTACT: Tricia L. Schafer, Public Relations Associate of Electronic Payment Services, 302-791-8906
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