PSC Partners with CIT Global to Enhance Merchant Management

Processors and ISO’s can now deliver superior merchant boarding and management services; business processes and regulatory compliance while dramatically reducing costs.

SAN JOSE, Calif. & Las Vegas Nevada – March 15, 2005 – PSC, a leading company specializing in technology and business services and solutions in the payments and security arenas, has announced today that it has partnered with CIT Global, as an international provider of high quality, innovative eCommerce / mCommerce solutions and services, to jointly launch the most complete suite of Merchant Management solutions and support services for companies accepting or processing electronic payments transactions.

In the past, companies in the electronic payment processing industry had to work with multiple industry specialists, integrators and technology providers to support their merchant boarding, merchant management and compliance requirements. PSC brings the specialized industry analysis, business strategy and information security expertise necessary to successfully implement merchant management solutions from CIT.

CIT with its extensive payment expertise has designed Merchant Management System (MMS) to meet the specific needs of Processors, Acquirers and Independent Sales Organizations (ISOs) to deliver more effective Merchant management and boarding, resulting in significant cost reductions and improved Merchant satisfaction for the Processor, Acquirer and ISO community.

Tony Bates, Partner and Chief Operating Officer at PSC, says "By matching PSC’s specialized business strategy, industry best practices, compliance and consulting services with the principles of CIT’s proven methodology, dedicated centers of excellence and "best of breed" technologies, we can provide successful and secure solutions for our joint clients worldwide."

Joe Mullins, Vice President of Business Development for CIT Global, says, "CIT has a strong history of delivering leading edge eBusiness and ePayment solutions on a global basis. We are very excited about partnering with PSC; their expertise as providers of business strategy consulting, independent assurance services and as technical specialists in the payments industry greatly helps CIT deliver significantly enhanced value to our clients.

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