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Tuesday, June 12, 2018 — 13:07:05 (EDT)

Electronic Payments exceeds $1 billion in monthly aggregate payment volume

Calverton, New York, June 12, 2018 — Electronic Payments, one of the country’s most well-regarded payment processors, announced a new milestone today, exceeding $1 Billion in monthly aggregate payment volume for the first time. With a strong focus on point of sale (POS) technology, the company has marquee clients using its in-house POS system, Exatouch®, in all 50 states. Furthermore, this single month volume exceeds the prior year by 26%, demonstrating Electronic Payments’ continuous growth.

“Our commitment to in-house products has come full circle and we now have a stable and evolved POS solution, as well as stored value and e-billing systems for our clients. This has enhanced our best-in-class offerings and attracts new sales partners each month,” said Michael Nardy, Electronic Payments Founder and CEO.

In addition to Electronic Payment’s payment volume increase, ProCharge® platform also achieved a significant landmark, exceeding $50 Million in monthly customer invoice creation. Since its inception, ProCharge has processed over 4.5 million invoices, totaling $36 Billion in payment volume.

“We continue to make advancements in all aspects of our business and our investment in integrated payment technologies is one of the most strategic. Our incredible team of over 120 in-house staff continues to support these initiatives and bring Electronic Payments to new heights,” commented Matthew Findlan, COO.

Michael Nardy founded Electronic Payments in his college dorm room 18 years ago and has since grown the business into one of the largest payment processors nationwide. Most recently, the company was ranked as the 30th largest acquirer on The Nilson Report’s 2017 list of Top Merchant Acquirers in the United States.

To learn more about Electronic Payments’ products and services, visit www.electronicpayments.com .

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 clients through a network of agent banks, sales agents and independent sales offices (ISOs). Visit www.electronicpayments.com for additional information or www.bankcardprogram.com to learn more about the company’s ISO and MLS programs.

Source: Company press release.

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