Press Release - For Immediate Release

Electronic Payments Selected to Provide Gift Card Solution to the Southampton Chamber of Commerce

Southampton, New York - May 1, 2004 - Electronic Payments, Inc., a leading payment processor announced today that it has been selected by the Southampton Chamber of Commerce to provide a Gift Card solution to member-merchants of the chamber. The card will be branded as the "Southampton Card" and will be accepted by over 200 merchants throughout the resort community known as "The Hamptons".

EPI has long been a prominent name in the payment processing industry, specializing in providing processing solutions for mid to large sized businesses. Its clients include brick and mortar retailers, restaurants, service businesses, non-profits, and Internet-commerce sites.

Founded in 1998, EPI celebrated its 6-year anniversary with its selection by the Southampton Chamber to provide a Gift Card Program to local member-merchants. Such a program, "will work to brand the Southampton community as a premier shopping and travel destination. The card will be used by those wishing to use a pre-paid pass at hundreds of local merchant locations, from delis to hardware stores. I'm excited about the program and the new relationship between the Southampton Chamber and EPI," says Michael Nardy, the company's founder and CEO.

Mr. Nardy continues, "Our working with the Southampton Chamber enables us to provide not only a Gift Card solution, but also streamline the amount of companies a business may deal with for payment processing by being able to offer our processing services to local businesses. And it also enables us to seek out new business, large or small, and offer a host of additional services when necessary to our processing merchants. We are very excited and look forward to a healthy and prosperous relationship with the Southampton Chamber of Commerce."

Through such initiatives as the gift card program, EPI is driving to serve all areas of the payment processing melieu as a single-source solution. In doing so, they will provide companies with the following:

Expert consulting and implementation. Businesses seeking consulting and systems integration/development can employ EPI as a single-source solution for their entire processing needs without the need to develop and utilize several business relationships to accomplish the same task.

Financial services. Companies with financial transaction processing needs will use EPI as their primary processor, and keeping with our single-source philosophy, these companies can utilize our financial accounting software to simply manage complex accounting structures.

Reduced costs for services. As a single-source provider, EPI will enable companies to maintain contact with one provider for any tech support issues that arise. They will have dedicated sales and service representatives, and EPI can help centralize systems management.

The Southampton Chamber of Commerce is a not-for-profit business development organization charged with the mission of promoting local Southampton business-members.

###

Contact:
Electronic Payments
Amber Josi
Director of Marketing
amber@electronicpayments.com
(800) 966-5520 ext. 286

About Electronic Payments
With “Innovation through every transaction™”, Electronic Payments has distinguished itself as one of the fastest growing and highly regarded privately held payment and transaction processing companies in the United States. Electronic Payments currently serves businesses in all industry types and acquires new businesses through a network of agent banks, sales agents and independent sales offices (ISOs). Visit www.electronicpayments.com for additional information or visit www.bankcardprogram.com to learn more about our ISO and MLS programs.