Paymentech Wins Pro Golf International Payment Processing Agreement

Business Wire, Sept 28, 2004

DALLAS -- Pro Golf International, which operates 120 golf clothing and equipment franchise stores throughout the United States, Canada and Europe, has awarded a contract for payment processing to Dallas-based Paymentech. Pro Golf International, based in Farmington Hills, Michigan, said they signed with Paymentech because of its level of customer service and the caliber of its technology, along with the added value their franchisees will receive from being part of the Pro Golf/Paymentech program.

In addition to credit and debit card processing, Paymentech will provide advanced online reporting tools and consolidated financial data for both payment card and gift card sales. Paymentech will process more than $100 million annually in card volume for the stores.

"We went with Paymentech because we knew they could help us migrate to faster technology, consolidate our reports, deliver them online, and provide the kind of technology that's going to grow with our business. In addition, we knew that Paymentech would provide the kind of customer service and attention to our franchisees that would help them grow their business well into the future," said Jerry Jensen, Vice President, Pro Golf International.

The franchised stores were formerly processed by Fifth Third Bank.

About Pro Golf International

Pro Golf International, based in Farmington Hills, Michigan, is the largest and fastest growing golf retail franchise operation in the world today. The company has established franchises throughout the United States, Canadian and European golf markets. This year, Pro Golf International is celebrating its 42nd year in business. More information on Pro Golf International is available at www.progolfamerica.com.

About Paymentech

Paymentech, L.P. processes more payment transactions than any other company in North America - and more than half of all Internet transactions - for retailers accepting U.S. and international payments via traditional point of sale, Internet, catalog and recurring payments. The privately held company, founded in 1985, is an end-to-end processor for merchants of all sizes and industries. Paymentech's 1,500 employees office in multiple locations, including the Dallas headquarters; New York; Salem, NH; Tampa, FL; and Tempe, AZ. In 2003, Paymentech and its Canadian affiliate, based in Toronto, processed 7 billion transactions and $162 billion in card volume in 14 currencies. For more information, please visit www.paymentech.com.