Access Payment Systems, Inc Launches New Product
(Formerly Accelerated Payment Systems)

[Littleton, CO February 2002]

Access Payment Systems, Inc, a leading provider of electronic payment solutions to businesses has recently added ATM Verify™ to its product line.

ATM Verify™ is an Internet based check verification system through which retailers and distribution companies can benefit from the real-time connectivity that enables instant account verification to millions of consumer and business bank accounts nationwide. It is the most comprehensive coverage available, offering companies instant access to pertinent account information such as open, closed or frozen accounts; current NSF judgments and a positive or negative balance in the account thus reducing risk on check transactions.

The easy to use system takes only seconds and will alert the merchant to any suspicious account activity. This effective risk management system reduces transaction losses, and offers immediate risk assessment as compared to traditional check verification systems.

Access Payment Systems, Inc (accesspaymentsystems.com) is a leading provider of electronic payment solutions to businesses, offering strategic and comprehensive cash management products for onetime and recurring payment scenarios and batch processing solutions. This includes credit card processing, ACH processing also known as electronic checks, paper drafts, and free check collection. With the ability to bring credit card and ACH processing into one payment vehicle APS offers Internet Payment Gateways, Virtual Terminals, Software, Point-of-Sale Terminals and Printers.

For more information on Access Payment Systems, Inc. products and services please call (303) 703-4902.