MERCHANT SERVICE COMPANY BECOMES INDEPENDENT: PAYEX IS BORN

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) March 11, 2008 --

(Columbus, OHIO - March 5, 2008). Due to their continued growth Payex, formerly operating as Card Payment Systems, was able to gain its independence as a registered ISO with Visa and MasterCard. A registered ISO (Independent Sales Organization) undergoes a thorough examination by both Visa and MasterCard and, if approved, is then able to operate under their own brand name. Company President, Douglas J. Mack said “After being in this industry since 1995, this is very exciting and I really look forward to our future growth. Some take this step much earlier in their career. I wanted to wait until we could fund our own growth—no investors and debt free. There’s a lot of change taking place in our industry and it’s the perfect time to expand.” Payex will continue to provide the most recent, and best, technologies and services to merchants nationwide as the payment solutions expert.

About Payex: Payex provides credit card processing, e-commerce solutions, check protection, gift and loyalty card programs, prepaid solutions and merchant funding for several thousand businesses nationwide. Douglas J. Mack, president of Payex, has been in the Merchant Service industry since 1995. He is a small business advocate and an active member of his local business community in Columbus, Ohio. He is an advisory board member for the Green Sheet and has been featured in a number of industry related publications.

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