LODI, Calif., May 9, 2005 (PRIMEZONE) -- GLOBALCash, Inc., a subsidiary of PayStar Corporation (Pink Sheets:PYST), announced a partnership between Major Payment Systems, LLC (MPS), a leading provider of financial transaction processing services and Worldwide Financial Services dba Express Payment Solutions (EPS). Under this partnership, which was facilitated through the exclusive marketing agreement between GLOBALCash and EPS, MPS will use EPS cash deposit services to load funds onto the numerous prepaid debit cards and prepaid MasterCard(r) platforms provided by MPS co-branded partners and independent sales organizations. MPS will promote the proprietary EPS nationwide network of 12,000 bank branches through four leading banks to all of its independent sales organizations to improve the utility and funds loading convenience for all cardholders.
Randy San Nicolas, VP of Business Development for Major Payment Systems, stated, "This partnership expands our capabilities and provides many advantages for us. The EPS proprietary system with its 100% federally insured process enhances our platform for all of our clients and cardholders. In contrast to some card providers who are seeking retail load capabilities, we firmly believe that safe and secure bank load services represent the best solution for our cardholders. That is why we have selected EPS for our personal use debit card programs."
Fred Rackers, Business Development Consultant for GLOBALCash, Inc., stated "MPS has leveraged its unique banking relationships to become one of the fastest growing processors in the industry and we are pleased to play a part in creating this exciting partnership. We look forward to helping MPS expand through the launch of our services."
About Worldwide Financial Services / EPS
Worldwide Financial Services, Inc. dba Express Payment Solutions (EPS) (www.yourexpresspay.com) was founded in January 2004. EPS was developed through the necessity to provide a cash payment solution for a governmental program to enable millions of underserved and subsidized housing individuals access to debit card services. WFS is a privately held company located in Indianapolis, Indiana.
About Major Payment Systems, LLC
Major Payment Systems, LLC is a privately held subsidiary of Dallas-based software engineering and communications firm Major Financial Services, Inc. We deliver real-time transaction processing solutions into a wide variety of custom business applications. The MAJOR Platform is a compilation of next generation technology and proven solutions that have been successfully implemented for the past fifteen years in the applications of banking and finance, and government accounting systems. In the early 1980s, our Founder and President Harry Williams filled the role of technical project manager for IBM in the development of the AS/400 computer, now known as the iSeries, which went on to become and still remains the standard for large enterprise, financial, and government systems. Major Payment Systems, LLC is committed to bringing the MAJOR processing platform to market through aggressive sales and marketing efforts and strategic relationships. For more information visit www.majorpayments.com
About GLOBALCash, Inc.
GLOBALCash, Inc. (www.globalcash.us), a subsidiary of PayStar Corporation (Pink Sheets:PYST) (www.paystar.com), provides its distributors and clients with national bank load centers and a suite of prepaid stored value products. GLOBALCash is a partner in a prepaid ATM debit card program for a national government project that will enable millions of underserved and subsidized housing individuals access to prepaid ATM debit cards that can be used for payment of various goods and services everywhere ATM debit cards and major credit cards are accepted and online.