FTS to Process Over 2 Billion Annually in 2008

Financial Transaction Services (FTS), a full service provider of electronic payment solutions, has announced today that it’s Visa/MC processing volume is expected to be over 2 billion dollars annualized as of March 1st, 2008. The 2 billion dollars worth of processing volume includes over 40 million transactions.

FTS is growing by approximately 7-8 million dollars per month in processing volume and is currently adding over 600 new accounts each month.

About Financial Transaction Services

Financial Transaction Services is a full service provider of electronic transaction processing services for Merchants, Independent Sales Organizations (ISOs) and Financial Institutions. Financial Transaction Services offers a comprehensive line of solutions for credit and debit cards, gift cards, electronic check conversion, verification and guarantee as well as terminal services and online Payment Gateway Solutions.