Electronic Payment Exchange Changes Name to InterCept Payment Solutions
ATLANTA, Jan. 2 -- InterCept, Inc. (Nasdaq: ICPT), a leading provider of technology solutions for financial institutions and merchants announced today that its merchant transaction processing subsidiary, Electronic Payment Exchange, Inc. (EPX) has changed its name to InterCept Payment Solutions, Inc.
"We are pleased to announce the official name change of EPX to InterCept Payment Solutions," commented John W. Collins, InterCept chairman and chief executive officer. "We continually look for ways to enhance the InterCept name, as it represents who we are in a simple, straight-forward way. We believe that the EPX name change will create a stronger brand for our merchant transaction processing business and leverage our image as a single source provider of technology outsourcing products and services. InterCept Payment Solutions will enhance our name recognition in the merchant transaction processing industry and better position us as a market leader in e-payment solutions," Mr. Collins concluded.
Raymond Moyer, President and CEO of InterCept Payment Solutions, said, "We believe that changing our name to InterCept Payment Solutions will allow us to gain better name recognition as the payment processing company of choice for any size merchant across many diverse industries. As part of the InterCept family, we feel it is a very important element of our long-term sales and marketing strategy to be branded with the InterCept name in order to capture additional market share in the payment processing arena."
About InterCept Payment Solutions
InterCept Payment Solutions, a wholly owned subsidiary of InterCept, Inc. (Nasdaq: ICPT), specializes in enabling businesses to accept credit card, debit card and electronic check payments. InterCept Payment Solutions allows merchants to process these payments through any delivery channel, including: point-of-sale, call center, Internet and wireless using a single platform, and provides value-added services such as real-time, online transaction reporting and the only real-time, online chargeback adjudication management system. For more information visit www.interceptpaymentsolutions.net .
About InterCept
InterCept is a single-source provider of a broad range of technologies, products and services that work together to meet the technological and operating needs of financial institutions and merchants. InterCept`s products and services include core data processing, check processing and imaging, ATM and debit card processing, merchant processing, data communications management, and related products and services. For more information about InterCept, go to www.intercept.net or call 770.248.9600.
This release contains forward-looking statements within the meaning of the securities laws that are based on current expectations, assumptions, estimates, and projections about InterCept and its industry. These forward- looking statements are not guarantees of future performance and are subject to risks and uncertainties, many of which are outside of InterCept`s control, that may cause actual results to differ materially from those expressed or implied by the forward-looking statements. These risks and uncertainties include whether we can successfully add new customers and continue the growth in our merchant services business. These and various other factors are discussed in detail in the section in our most recent Quarterly Report on Form 10-Q entitled Management`s Discussion and Analysis of Financial Condition and Results of Operations -- Disclosure Regarding Forward-Looking Statements. SOURCE InterCept, Inc.
CONTACT:
Carole Collins
Investor Relations Director of InterCept Inc.
+1-770-248-9600
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding InterCept`s business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company`s Annual Report or Form 10-K for the most recently ended fiscal year.
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