July 18, 2011, 3:14 PM

LML Subsidiary Streamlines Edmonton Transit System Air Miles Rewards Program

Beanstream Technology Automates Transit Loyalty Program, Simplifying Opt Ins at Checkout and Ongoing Management.

VANCOUVER, British Columbia, July 12, 2011 (GLOBE NEWSWIRE) -- Beanstream

Internet Commerce Inc., a wholly owned subsidiary of LML Payment Systems

Inc. (Nasdaq:LMLP), has delivered an innovative AIR

MILES(R) reward miles solution for City of Edmonton, Edmonton Transit System

(ETS). The custom integration of Beanstream's proprietary shopping cart

software now automates online delivery of the ETS AIR

MILES(R) Program, making it easier to generate loyalty among transit users

purchasing monthly passes or ticket strips online.

 

"The Beanstream solution provides ETS with the tools we need to successfully

deliver the AIR MILES(R) Program while almost completely removing the manual

process. Qualifying customers can now directly enter their AIR MILES(R)

collector number at checkout and securely receive reward miles sooner thanks

to Beanstream technology. Moreover, this upgrade has also increased our

flexibility to manage and create new offers, adding further value to our

riders," said ETS Strategic Marketing Supervisor, Nathan Walters.

 

"We take pride in our ability to provide efficient payments solutions that

meet the challenges of ever evolving commerce business models.

Managing payments has become more than simply processing transactions and

moving money. For many businesses, payments have become the foundation of

engagement with their customers. Edmonton Transit System came to us with

complex requirements to create a bridge between their online payment portal

and their reward incentive program. Our comprehensive payments platform was

designed specifically to provide such value-added services. This latest AIR

MILES(R) certification adds yet more value to our already comprehensive

suite of products and illustrates our ability to enrich the payment

experience for our customers. We are proud to have worked with Edmonton

Transit to help them achieve their vision and congratulate them on the

launch of the next phase of their program," said LML President Craig

Thomson.

 

About City of Edmonton, Edmonton Transit System (ETS)

 

The City of Edmonton is Canada's 6th largest city, offering all the

amenities of a major urban centre plus a family-friendly environment that is

safe, stimulating and rich with opportunity. ETS is a fully integrated,

progressive, easy-to-use public transit system that supports economic

development and improves the quality of life in Edmonton. The ETS

infrastructure includes over 6200 bus stops and more than 440 routes.

 

About LML Payment Systems Inc. (www.lmlpayment.com)

 

LML Payment Systems Inc., through its Canadian subsidiary Beanstream

Internet Commerce Inc., and US subsidiaries Beanstream Internet Commerce

Corp (www.beanstream.com) and LML Payment Systems Corp., is a leading

provider of financial payment processing solutions for e-commerce and

traditional businesses. We provide credit card processing, online debit,

electronic funds transfer, automated clearinghouse payment processing and

authentication services, along with routing of selected transactions to

third party processors and banks for authorization and settlement. Our

intellectual property estate, owned by subsidiary LML Patent Corp., includes

U.S. Patent No.

RE40,220, No. 6,354,491, No. 6,283,366, No. 6,164,528, and No.

5,484,988 all of which relate to electronic check processing methods and

systems.

 

Cautionary Statement Regarding Forward-Looking Statements

 

Certain statements in this press release are "forward-looking statements"

within the meaning of the Private Securities Litigation Reform Act of 1995.

Forward-looking statements include all passages containing verbs such as

"aims," "anticipates," "estimates," "expects,"

"intends," "plans," "predicts," "projects" or "targets" or nouns

corresponding to such verbs. Forward-looking statements also include any

other passages that are primarily relevant to expected future events or that

can only be evaluated by events that will occur in the future.

Forward-looking statements are based on the opinions and estimates of the

management at the time the statements are made and are subject to certain

risks and uncertainties that could cause actual results to differ materially

from those anticipated in the forward-looking statements. Factors that could

affect the Corporation's actual results include, among others, the impact,

if any, of stock-based compensation charges, the potential failure to

establish and maintain strategic relationships, inability to integrate

recent and future acquisitions, inability to develop new products or product

enhancements on a timely basis, inability to protect our proprietary rights

or to operate without infringing the patents and proprietary rights of

others, and quarterly and seasonal fluctuations in operating results. More

information about factors that potentially could affect the Corporation's

financial results is included in the Corporation's quarterly reports on Form

10-Q and our most recent annual report on Form 10-K filed with the

Securities and Exchange Commission. Readers are cautioned not to place undue

reliance upon these forward-looking statements that speak only as to the

date of this release. Except as required by law, the Corporation undertakes

no obligation to update any forward-looking or other statements in this

press release, whether as a result of new information, future events or

otherwise.

 

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