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FOR IMMEDIATE RELEASE

Contact: Brent Siegel

Payment Systems International, Inc.
612-746-5322
bsiegel@paysvcs.com

New Check Guarantee Programs Expands an Already Strong Product Line for PSI

October 15, 2009 Minneapolis, MN

Payment Services International, Incorporated - the leader in custom designed payment solutions – has expanded their check processing capabilities to include a check guarantee solution. This program allows PSI’s clients to accept checks and receive a guarantee that they will be paid. The PSI Check Guarantee Program is insurance for companies that accept checks.

The PSI Check Guarantee Program verifies an individual’s check-writing history using a sophisticated and comprehensive national database. This verification and velocity scan identifies questionable activity and provides actionable information to the point-of-sale. The program also has incorporated other routine check processing requirements such as verifying identity. When these simple policies and procedures are followed the check will clear and the retailer will get paid – guaranteed.

PSI’s President Ron Schlegel states “in today’s economy our customers are looking for any edge that will allow them to attract more customers and sell more goods and services. Often times the advantage, that they need is the ability to provide the broadest array of payment choices. Our Check Guarantee Program does this for our clients they are able to offer new payment types to their clients and they can use our sophisticated technology to receive instant feedback on the quality of a payment. This new solution helps our clients minimize potential risk by virtually eliminating bounced checks.”