Company Profile for FSV Payment Systems Ltd

Business Wire, March 14, 2003

Business Editors

--(BUSINESS WIRE)

Financial Stored Value Payment Systems (FSV) is a four year-old Nevada based LLC headquartered in Houston, Texas, and has several regional offices. The company is privately held and its principals include the company Chairman and CEO.

Financial Stored Value Payment Systems (FSV) provides a proprietary and feature-rich stored value processing platform that delivers customizable payment and settlement solutions to businesses and other organizations. MarketReady(TM) and multifunctional, the FSV system is ideal for businesses facing difficult payroll disbursement challenges with unbanked, transient, large, or remotely located employees.

FSV has entered into a strategic business relationship with Fiserv, a Platinum 500 company. Fiserv provides financial network access and switching for FSV transactions and is also committed to FSV exclusively for the delivery of stored value solutions to their thousands of financial institution customers. Fiserv also holds a minority position in FSV and has been instrumental in developing FSV's stored value card issuing relationships with several Fiserv financial institutions.

PAYCHEK PLUS!TM, a payroll debit card solution to be delivered to Fiserv banking customers, is another product of the Fiserv-FSV relationship. It provides the option of a generic brand to compliment the private label payroll card offering. It is anticipated that the Fiserv bank channel will be targeting businesses with less than 5,000 employees.

For data center management, FSV has partnered with VeriCenter, a world class provider also based in Houston, Texas. VeriCenter provides a "hardened" data center processing site where all of the FSV systems and applications are housed and monitored on a 7x24x365 basis.

FSV has positioned itself to be a leading provider of "MarketReady"(TM), full service stored value solutions. The FSV mission is to be the leading provider of a multi-functional, turn-key stored value platform that delivers configurable payment and settlement solutions to business and other organizations. FSV "Market Ready"(TM) solutions include:

-- Card issuing capacity through established banking relationships.

-- Card production and fulfillment through approved service providers.

-- Broadbased ATM and POS financial network access through our Fiserv relationship.

-- 7x24 online authorization and settlement through the FSV processing platform.

-- Configurable customer service through IVR, web and voice access.

-- Multiple card loading options including direct deposit through the ACH.

-- Comprehensive web reporting capability.

-- Integrated prepaid telephone service and card to card transfer capability

FSV is well positioned in the marketplace, due to its unique ability to deliver 100% of the requirements necessary to support a stored value program.

The stored value card market is substantial and rapidly emerging. With robust system functionality and unique flexibility, FSV can profitably deliver programs that offer value to both consumers and businesses alike. The FSV strategic relationship with Fiserv and their banking clients creates an advantageous position for the company from both marketing and operating perspectives.

Furthermore, because of the development of the FSV platform from the ground up as a stored value system, FSV offers inherent functionality and flexibility not widely available from other service providers. FSV understands the marketplace, and is focused and confident about its ability to be a leading provider in the expanding stored value industry.

FSV is a core stored value processor for banks, payroll processors, and major employers, and works directly with its client companies to deploy custom tailored stored value and payroll debit card programs. Since 1999, FSV has issued over 450,000 stored value debit cards in the marketplace, making FSV the industry leader.

   Company:                FSV Payment Systems Ltd.

   Headquarters Address:   15710 JFK Blvd. Suite 500-B
                           Houston, Tx 77032
                           United States

   Main Telephone:         832/201-6500

   Type of Organization:   Private

   Industry:               Stored Value Cards

   Key Executives:         CEO: Eric Miller
                           CFO: Tony Wilson
                           VP Marketing: Gary Tyler

   Public Relations
     Contact:              Gary Tyler
     Phone:                832/201-6500