http://www.cyphermint.com/news/2004_12_08_paystar.html Cyphermint, Inc. - News: NOW Card PayStar Cyphermint Partners With PayStar to Provide Prepaid Visa Debit Services to Worldwide Communications Group December 8, 2004, Marlborough, Massachusetts - Cyphermint, Inc., a leading provider of secure electronic payment solutions, announced today that it will partner with PayStar Corporation, a provider of stored value debit cards, banking debit card load centers and kiosks. This strategic alliance of Cyphermint and PayStar will supply Worldwide Communications Group, Inc.'s (WWCG) underserved low income Government Section 8 housing recipients with Cyphermint's PayCash Now
Visa. Debit Card. The PayCash Now Visa Debit Card, issued by BankFirst, will serve as the vehicle to deliver the nationwide ATM debit card services for the program called the Community Technology Network Project (CTNP). WWCG developed the "CTNP" stored value card program and is the administrator of the project. PayStar will offer the ATM debit card program to approximately 16 million existing SEC8 families. The CTNP Project provides a convenient venue for participants to access the Internet and several substantial discounted medical programs for underserved families. The CTNP ATM Card will provide the participants who may not qualify for credit or checking accounts, a flexible and secure cashless payment option. Additionally, recipients of the program will be able to render payment for rent, utilities and pay for discounted program benefits without the use of a major credit card, a checking account or actual cash. The CTNP Card Program will generate a significant number of new PayCash users and may potentially equate to 200,000 or more new PayCash customers for Cyphermint in 2005. "PayStar now participates with the CTNP project through PayStar's GLOBAL Cash division", said William D. Yotty, Chairman and CEO, PayStar Corporation, "we are pleased to have Cyphermint join us in fulfilling this very useful program". "Cyphermint is pleased to help emerging and underserved consumers gain financial independence through the use of our PayCash prepaid Visa card", stated Joe Barboza, President and CEO of Cyphermint, "we are pleased to participate in this opportunity and are excited to be a part of the CTNP Project with PayStar". About PayStar PayStar Corporation (www.paystar.com) provides its distributors and clients with a suite of prepaid, stored value products, national bank load center locations and Kiosk marketing and management. PayStar's GLOBALCash, Inc. (www.globalcash.us) distributes prepaid ATM debit and stored value cards that can be used just like regular credit cards. Prepaid ATM debit cards can be used everywhere major credit cards are accepted (stores, restaurants, theaters) and online. PayStar 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. PayStar's corporate and distributor sales, as well as mergers and acquisitions, will continue to drive growth. About Cyphermint Headquartered in Marlborough, Mass., Cyphermint is a provider of Global Electronic Cash Payment and e-commerce infrastructure/integration solutions. Our core technology, PayCash
is used in three major areas: (1) Internet Cash Payment Systems, for B2C e-commerce via the Cyphermint PayCash System, (2) Kiosk Solutions - delivering Web-enabled self-service B2C merchandising systems, and (3) The PayCash Now
Visa. Debit Prepaid Card. Cyphermint's Kiosk Integration Division provides solutions to online retailers enabling full integration with kiosk networks and also sets up existing kiosk networks with eCommerce capabilities. Cyphermint's core technology, the PayCash System provides businesses complete turnkey solutions. For more information about the PayCash Now Visa Debit or other PayCash products, please contact Kenneth Stempler, VP of Sales, Cyphermint at 508-787-4811 or by email at sales@cyphermint.com. Learn more about Cyphermint at www.cyphermint.com. -- ----------------- R. A. Hettinga The Internet Bearer Underwriting Corporation http://www.ibuc.com/ 44 Farquhar Street, Boston, MA 02131 USA "... however it may deserve respect for its usefulness and antiquity, [predicting the end of the world] has not been found agreeable to experience." -- Edward Gibbon, 'Decline and Fall of the Roman Empire'