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Electronic Payment Services, Inc. Signs Contract With Major West Coast Financial Institution

    WILMINGTON, Del., Jan. 7 /PRNewswire/ -- Electronic Payment Services, Inc.
(EPS), parent of the MAC(R) network, announced today a multi-year contract
with World Savings, a multi-state financial institution headquartered in
Oakland, California.  Although EPS operates the MAC network in 45 states, the
agreement with World, whose primary market is California, marks a significant
expansion of the MAC brand on the West Coast.
    World, one of the largest thrift organizations in California, signed an
agreement to participate in the network and to obtain EPS' ATM terminal
driving, card management, and gateway services.  World will brand their cards
and ATMs with the MAC logo in states where they operate:  Arizona, California,
Colorado, Florida, Kansas, New Jersey, and Texas.  "World Savings is a first-
class institution committed to serving the consumer market," said John Beahn,
executive vice president and chief marketing officer, EPS.  "Their decision to
participate in the MAC network reflects a commitment to provide their
customers the most convenient and comprehensive services available.  We're
delighted to have the opportunity to work with such a well-respected
institution and to expand the MAC brand on the West Coast."
    EPS, a privately held company headquartered in Wilmington, Delaware, is
the leading electronic funds transfer (EFT) processor in the United States,
with almost 2 billion transactions annually.  EPS is the holding company for
BUYPASS Corporation, a major third-party POS processor, and MONEY ACCESS
SERVICE INC., operator of the MAC network, the largest EFT network in the
United States based on over 1 billion switch transactions annually.  There are
36 million customers carrying cards bearing the MAC logo in 45 states.  MONEY
ACCESS SERVICE INC. controls the license rights for the registered trademark
MAC.
    World Savings is a wholly owned subsidiary of Golden West Financial
Corporation (NYSE: GDW), a savings and loan holding company with assets in
excess of $37 billion.  Currently operating retail deposit gathering offices
in seven states under the name of World Savings, Golden West has one of the
largest multi-state systems in the country.  Golden West's stock is listed on
the New York and Pacific Stock Exchanges and traded on the Boston and Midwest
Stock Exchanges under the ticker symbol GDW.  Options on Golden West's stock
are bought and sold on the Philadelphia Options Exchange.


SOURCE Electronic Payment Services, Inc.




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CONTACT:
Tricia Schafer, Public Relations Associate of
Electronic Payment Services, 302-791-8906