WILMINGTON, Del., Aug. 28 /PRNewswire/ -- Electronic Payment Services,
Inc. (EPS) announced today that it has formed an alliance with American Bank
Systems, Inc. (ABS) making EPS the exclusive provider of electronic funds
transfer (EFT) processing services to ABS.  ABS will offer these services to
banks, savings & loans, and credit unions that use their services.  EPS will
provide a variety of electronic fund transfer (EFT) processing services to
financial institutions including terminal driving for ATMs and advanced
self-service terminals, debit card, point-of-sale (POS) and gateway services
for ABS.  The services will first be offered in Oklahoma and eventually extend
into the other markets that ABS serves.  Headquartered in Wilmington,
Delaware, Electronic Payment Services, Inc. is the largest EFT processor in
the nation.
    "EPS offers a complete package," said James W. Bruce, chairman and CEO,
American Bank Systems, Inc.  "EPS was able to offer processing services in
addition to an extensive line of products, as well as an attractive pricing
package.  We are confident that our alliance will add a new dimension to EFT
processing for our clients," said Bruce.
    "Our partnership with American Bank Systems, Inc. offers a turn-key
solution to the financial institutions we will mutually serve.  ABS has been
very successful at serving a large number of financial institutions for many
years," said John Beahn, executive vice president and chief marketing officer
for EPS.  "We're looking forward to working with them to offer our family of
products and services to the financial institutions they currently serve and
those that they will continue to add to their client list going forward,"
Beahn said.
    Located in Oklahoma City, Oklahoma, American Bank Systems, Inc. provides a
broad range of services to approximately 950 financial institutions in 25
states.  For almost thirty years, ABS has provided virtually all the forms
necessary to operate a financial company.  Its lending forms have been the
standard for the industry in Oklahoma.  In addition to preprinted and laser
generated forms, ABS offers a state-of-the-art document imaging system,
document tracking software, deposit and loan platform automation systems,
UNIX-based comprehensive accounting and operating systems, and popular credit
filing systems (CredCode).  ABS also offers comprehensive consulting and
outsourcing services in compliance, bank valuation, internal audit, and loan
review and technology planning/implementation.
    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 16,000 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 over 25,500
ATMs in 46 states.  Over 2,100 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.

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