MAITLAND, Fla., April 12, 2005 (PRIMEZONE) -- Symmetrex, Inc., a leading international secured financial payments transaction processing company, announced today a new partnership with Worldwide Financial Services, dba Express Payment Solutions (EPS). Symmetrex will use EPS services to load funds onto the numerous prepaid debit cards including prepaid MasterCard(r) / prepaid VISA(r) platforms marketed by Symmetrex independent sales organizations. Under this partnership, which was facilitated through the exclusive marketing agreement between EPS and GlobalCash, Inc., a subsidiary of PayStar Corporation (Pink Sheets:PYST), Symmetrex will promote the proprietary EPS nationwide network of 12,000 bank branches through four leading U.S. banks to all of its independent sales organizations to improve the utility and funds loading convenience for all cardholders.
Joseph W. Adams, Symmetrex President, stated, "This partnership expands our capabilities by adding value to our offerings within the stored value card industry. We believe that this convenient and safe method of loading funds onto our cards will greatly increase their usage. By adding EPS bank deposit loading, we provide our cardholders with more load methods than any other processor while automatically extending safe, secure, and FDIC insured nationwide funds loading services to all cardholders accessing our platform. All of our card providers will benefit from this unique service, which will make their products more marketable and extending the longevity of each account. The EPS service has already helped us consummate significant new accounts that required this method of insured funds loading."
Fred Rackers, Business Development Consultant for GlobalCash, Inc., stated, "Symmetrex is one of the largest and most respected processors in the industry and we are pleased to have played a part in putting this exciting partnership together. We look forward to their launch of our services."
About Symmetrex
Symmetrex, Inc. is an international financial payments transaction processing company with operation centers in Maitland, Florida and Salt Lake City, Utah. The Symmetrex team has delivered financial payment processing solutions to companies worldwide and has built some of today's largest transaction processing companies. Symmetrex's product, i24Bank, is a total software solution providing turnkey services to potential financial product issuers, merchant acquirers, merchant products and services companies. Symmetrex highly scalable tracking and reporting product tools provide flexibility, expandability and security and dependability to debit, credit, e-commerce and prepaid card transaction processing. On the Net: Symmetrex, Inc. site: http://www.symmetrex.com/
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 necessity of needing 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 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 individual's 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.