WILMINGTON, Del., July 21 /PRNewswire/ -- Electronic Payment Services,
Inc. (EPS) announced today that it has been selected by Premier Systems, Inc.
(PSI) as a major provider of electronic funds transfer (EFT) processing
services to credit unions they serve.  EPS will provide terminal driving for
ATMs and advanced self-service terminals as well as gateway services for PSI.
Premier Systems, Inc. is an affiliate of the Iowa Credit Union League and
provides services to 187 credit unions.
    "Our number one priority was selecting a processor who has a solid
reputation for excellent service and competitive pricing," said Richard D.
Neri, president and CEO, Premier Systems, Inc.  "EPS was able to offer
attractive pricing along with the latest in technology and a commitment to
service that we feel will provide real value to our member credit unions."
    "Our partnership with Premier Systems, Inc. offers a complete EFT solution
to the credit unions we will mutually serve.  PSI is recognized as a
first-class organization that sets very high standards, and we are proud to
have been selected by them," said John Beahn, executive vice president and
chief marketing officer for EPS.  "We're looking forward to a lengthy and
mutually beneficial relationship with PSI as we expand into the Midwest,"
Beahn said.
    Premier Systems, Inc., a data-processing service-bureau for credit unions,
markets Ultrafis(TM) software, an advanced information management engine, as a
real time, online service through a licensing agreement with Ultradata
Corporation of Pleasanton, California.
    Located in West Des Moines, Iowa, Premier Systems, Inc. serves over
187 credit unions in a twelve-state area.  The organization offers online
processing, optical disk storage and retrieval, Internet services and a host
of online third-party interfaces to credit union business partners.
    Electronic Payment Services, Inc. (EPS), a privately held company
headquartered in Wilmington, Delaware, is the leading electronic funds
transfer (EFT) processor in the United States, with over 2 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 900 million; and MONEY ACCESS SERVICE INC., an EFT
processor driving over 15,000 ATMs nationwide.  MONEY ACCESS SERVICE is also
operator of the MAC(R) EFT network, the largest EFT network in the United
States based on over 1 billion switch transactions annually, with 25,100 ATMs
in 46 states.  Over 2,100 financial institutions are members of the MAC
network, with 36 million customers carrying cards bearing the MAC logo.  MONEY
ACCESS SERVICE INC. controls the license rights for the registered trademark
MAC.

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