PaymentTechnologies Group announces avalability of guaranteed fraud-free credit card processing solution.

Certified by Visa and combined with Verified by Visa technology", this bundled solution eliminates chargeback losses from both criminal and friendly fraud in US credit cards and e checks. Card and electronic check transctions are guaranteed up to $5k per transaction.

For Immediate Release 9 a.m. MST
January 15, 2002

Payment Technologies Group announces agreement to distribute Transact-Secure and CSR Secure

Anti-fraud transaction solution certified by Visa

January 14, 2002 - Today Payment Technologies Group announced immediate availability of Transact-Secure and CSR-Secure software. Seamless integration with e-shopping carts or telephone order software will enable e-commerce and Telephone Order merchants to significantly reduce their exposure to credit card and check fraud.
Combined with Verified by Visa technology", this bundled solution eliminates chargebacks from both criminal and friendly fraud by US cardholders. Authenticated transactions are guaranteed up to $5,000 per transaction.
Transact-Secure is used for real time e-commerce transactions and CSR-Secure is designed for Telephone Order transactions.

Credit card fraud from Internet transactions is expected to exceed $2 billion in 2002. Credit card fraud in the 'cardholder not present environment has always presented risk for financial institutions, processors, merchants and cardholders. But with the robust growth of the identity theft phenomenon, its only going to become more costly and inconvenient for everyone" observed Gerald Croghan, President. The Transact-Secure system is unique in its ability to put a stop to those losses today."

We are experiencing unprecedented interest in both products," said Mr. Croghan.
Merchants will see not only a reduction in the direct costs of credit card and e-check fraud, but will also benefit from the reduction of related expenses in their customer service sector and a reduction in their percentage of chargebacks. They should also benefit from increased sales because fear of fraud is the #1 reason consumers are reluctant to shop on the Internet and feedback from online consumers whove encountered this system has been very positive.

This is a much more robust system than Address Verification, neural profiling or other security programs were encountered, which is why we can guarantee the transactions" Mr. Croghan advised. It really is unparalleled".

Croghan has been in the credit card processing business for over a decade and his company was among the first to enable merchants to process real time credit card transactions on the Internet. While convenient for both consumers and e-merchants, the inherent risks were obvious from the beginning. All of us involved knew that a more secure solution was going to have to emerge, and were pleased to see that its here." he stated.

The products are available to merchants directly and are also being marketed through credit card processors, ISPs and other value-added resellers to the e-commerce marketplace.

About Payment Technologies Group:

Payment Technologies Group is located in Naples, Florida. The companys principals have been providing both retail and online merchants with advanced payment processing solutions for several years. For additional information, contact:

Raye Anderson
marcom@paymentechnologies.com
Payment Technologies Group
5433 Airport Pulling Rd., Suite 126,
Naples, FL 34109
941-254-0182, 877-200-8811