FORT LAUDERDALE, Fla., June 27, 2007 (PRIME NEWSWIRE) -- Secured Financial Network, Inc. (OTCBB:SFNL) announced today the build-out of its Payment Gateway for use to perform PCI-CISP compliant level 1, 2, and 3 electronic payment processing by way of retail Point-Of-Sale terminals, virtual terminals, interactive voice response (IVR), e-commerce and mobile commerce (WAP) such as Java or Windows Mobile Wireless technology using wireless PDA's and Phones.
The Cardholder Information Security Program (CISP) is a set of rules established by Visa(tm) for securing your computer systems and data from unauthorized access and loss of credit card information. The Payment Card Industry (PCI) data security standard is an industry-wide standard that incorporates many of the CISP standards and adds additional requirements. These are now generally referred to as the PCI data security standard or the PCI-CISP data security standard. Mastercard, American Express, Discover, and other card issuers use the new PCI standard as a part of their data security programs.
Secured Financial's President and CEO, Jeffrey Schultz, commented, "We are very excited that our Payment Gateway build-out is moving towards completion and scheduled to be operating by July 30, 2007. Our technology team has worked diligently to assure Secured Financials Payment Gateway launch, connecting Merchants with Processors and acquiring Banks both here in the United States and Internationally." He continued, "This will allow the Company to provide merchant groups and ISO (Independent Sales Organizations) with a total turn-key package offering credit, debit, and gift card processing, ACH processing, check guarantee/check verification, bill payment, as well as host of other point-of-sale products and services with through traditional terminals and Wi-Fi Connectivity."
The Secured Financial Network Payment Gateway will be certified by all major processors, such as Concorde, First Data, Chase/Paymentech in addition to numerous others.
About Secured Financial Network
Secured Financial Network, Inc. is a Ft. Lauderdale, Florida-based Company engaged in a full-spectrum of e-commerce transactions through a proprietary 'bank-grade' electronic-vault based payment-processing system through its exclusive Envoii Deployment License Agreement. SFNL looks for business opportunities in which Company participation will create growth, add to profitability, and build shareholder value.
Forward-Looking Statements
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Secured Financial Network, Inc. and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
Investor Inquiries can be directed to the Company's website, http://www.sfnl.net, or investors can contact: