07.07.05 | TRANSFIRST Names Don Krasnosky President of Shared Services Division

Krasnosky to lead shared services integration between core business units

DALLAS (July 7, 2005) – Dallas-based TRANSFIRST, a leading provider of transaction processing services and payment enabling technologies, today announced that Don Krasnosky has been named president of the company's Shared Services Division. In this position, Krasnosky will focus on identifying and implementing key technologies and processes to promote superior performance for TRANSFIRST's customers. Additionally, he will lead the company's efforts to streamline processes and enhance operational efficiencies between its core business units.

"The Shared Services Division is central to being a good partner to our customers and providing them with a high degree of service and value," said Thomas Rouse, chief executive officer of TRANSFIRST. "Don's role in creating efficiencies betweet us in working toward lowest cost processing and high quality shared functions. As we continue to implement our vertical market growth strategy, this role will be increasingly more important within our company."

Krasnosky's career in the credit card and payments industry spans more than 15 years, during which he served as a payment systems consultant specializing in payment-related products and services while managing back-office operational functions such as merchant implementation, chargeback processing, help desks and credit and debit card reconciliation. His background also includes extensive management experience with Priceline WebHouse Club, Paymentech, FirstUSA Paymentech and SPS Payment Systems. A former intelligence specialist with the United States Army, Krasnosky graduated Cum Laude with a concentration in Finance from the University of Miami.

About TRANSFIRST
A premier provider of transaction processing services and payment enabling technologies, TRANSFIRST offers a first-rate suite of products and services and customized processing programs uniquely tailored for the special business needs of financial institutions, independent sales organizations and agents and its referral and reseller partners. Through its in-depth industry knowledge, partnership strategy and innovative solutions, TRANSFIRST provides a specialized approach to transaction processing for healthcare providers, public entities, online and other non-traditional merchants, as well as brick and mortar retailers. Founded in 1995, TRANSFIRST is a market leader in strategic mergers and acquisitions, which has allowed the company to gain significant market share and world-class expertise in growing and profitable industry segments. Built on a platform of personal service, customer commitment and flexible pricing, TRANSFIRST is headquartered in Dallas, Texas, and has operations facilities in Louisville, Colo., Omaha, Neb., Kansas City, Kan., Newport Beach, Calif., Milwaukee, Wis. and Langhorne, Penn. Company wide, TRANSFIRST currently processes approximately $20 billion in annual sales volume for more than 160,000 merchants and more than 760 financial institutions. TRANSFIRST can be reached at 1-888-254-4137 or at www.TRANSFIRST.com.