Paymentech Helping Merchants Avoid Fraud Losses, Increase Currency Acceptance Options

Following is some information about additional features that Paymentech has added to its online payment processing gateway, called Orbital. One involves a tool for fraud reduction, and the other involves foreign currency acceptance.

DALLAS, TX July 26, 2003 -- Dallas-based Paymentech, the nations leading payment processor, is offering Internet and catalog merchants and other retailers that process transactions in a non face-to-face environment additional ways to reduce fraud -- and even more ways to accept transactions made with U.K. and Japanese credit and debit cards.

Fraud Management
A new fraud management tool called Merchant Selectable Response is now available through Paymentechs Orbital(TM) suite of ebusiness solutions, which allows merchants to establish automated, secure online transaction processing in a true one-stop-shop environment.

The Merchant Selectable Response feature enables merchants to set automatic acceptance or rejection parameters for payments based on a combination of authorization codes, address verification and card number verifications for the transaction. And Merchant Selectable Response is customizable -- merchants can select which combination of verification codes they would like to receive -- and they can change that selection at any time.

UK and Japanese Currency Options
In addition to the new fraud management tools, now merchant customers who use Virtual Terminal" -- part of Paymentechs Orbital suite of products -- to process transactions via the Internet can accept UK Switch and Solo Cards, both widely used in England, as well as Japanese YEN American Express, Visa and MasterCards.

This is going to open up numerous revenue streams for our merchant customers," said John Shirey, Paymentechs Product Development Group Manager. The U.K. Switch and Solo cards are actually more widely used by consumers in England than either Visa or MasterCard.

Because e-commerce continues to bring the world closer together, the demand to accept foreign currencies has increased exponentially in the last year, and we feel its our job to make sure our merchants have what they need to run their businesses more efficiently."

About Paymentech
Dallas-based Paymentech, L.P. delivers secure and reliable payment services in merchant acquiring and point-of-sale transaction processing with a wide array of product functionality and support. Paymentech processed approximately 4.2 billion total transactions and $123 billion in bankcard sales volume in 2002. Founded in 1985, Paymentech is the nations premier processor and acquirer of electronic payment transactions.

For more information, visit www.paymentech.com.

END