11.06.06 | Ninth Largest Payments Processor in U.S.,
TRANSFIRST Signs License Agreement With IP Commerce

TRANSFIRST Leverages IP Payments Framework to Expand Growth in New Markets

DENVER (November 6, 2006) — IP Commerce, Inc., a software company enabling open payment services between businesses, today announced that TRANSFIRST has signed a license agreement to leverage its IP Payments Framework (IPPF). This agreement enables TRANSFIRST to broaden its service offerings and reach more merchant customers through TRANSACTION CENTRAL, TRANSFIRST's proprietary web-based centralized payment processing system. TRANSFIRST, along with independent software vendors (ISVs), will now be able to provide a wider array of payment options and application add-ins to their customers and merchants.

TRANSFIRST, a leading provider of credit card processing services and payment enabling technologies, is ranked as one of the top 10 U.S. processors, based on The Nilson Report's "2005 Top U.S. Bank Card Acquirers" consolidated list. By leveraging IP Commerce's IPPF, TRANSFIRST can now offer ISVs simplified access to and integration with its suite of payment services such as multiple payment processing methods that include Internet, ACH, batch, wireless and recurring payments.

For decades, electronic payments have been delivered and processed using a collection of proprietary platforms, unrelated systems and incompatible message formats. This limiting environment has been a barrier to the introduction and adoption of new payment types and services. IPPF enables these disparate payment platform technologies to communicate over broadband, and allows ISVs to easily access and integrate new combinations of payment options, such as those provided by TRANSFIRST, with service provider offerings or software applications (for instance, credit card processing through an accounting software application). ISVs can then make these new payment capabilities and services available to merchants, opening an entirely new stream of revenue and business growth opportunities for both the ISVs and TRANSFIRST.

"IP Commerce's IPPF provides a platform that enables our payment services to communicate with other platforms, which translates into more choices and more value add for our clients," said Thomas Rouse, CEO, TRANSFIRST. "IP Commerce has simplified the integration process so TRANSFIRST and ISVs can work together to quickly and more easily deliver solutions to small and mid-size merchants."

"Support for IPPF is rapidly expanding as payments industry leaders like TRANSFIRST realize the benefits this open framework provides," said Chip Kahn, CEO, IP Commerce. "Having TRANSFIRST as a valued partner validates that the top players in the payments industry understand the need for an open payments network and will champion our efforts to revolutionize the marketplace."

About IP Commerce
Based in Denver, Colorado, IP Commerce, Inc. is a software company enabling open payments that allow banks and service providers to deliver payments services seamlessly to any business. The company's IP Payments FrameworkT (IPPF) provides an SOA-based infrastructure for the payments industry that can be utilized to host payments networks, as well as free toolkits to connect services, devices and applications to open payments. IPPF breaks down traditional barriers and connects banks, payment service providers, businesses, and software ecosystem participants together. For more information, visit www.ipcommerce.com.

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. Company wide, TRANSFIRST currently processes approximately $23 billion in annual sales volume for more than 160,000 merchants and more than 965 financial institutions. TRANSFIRST can be reached at 1-800-745-2659 or at www.TRANSFIRST.com.

#  #  #

The names of actual companies and products mentioned herein may be the trademarks of their respective owners.