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La Crosse, WI – February 19, 2007 – Industry Innovators, CybrCollect and Midax, Partner to Release? TranFusion™, a Uniquely Integrated BOC Solution!

CybrCollect, Inc., a pioneer in electronic payment processing, today announced the release of TranFusion™. This new Back Office Conversion (BOC) product revolutionizes the way paper checks can be converted to electronic payments by eliminating key entry in the back office.

La Crosse, WI - February 19, 2007 – CybrCollect, Inc., a pioneer in electronic payment processing, today announced the release of TranFusion™. This new Back Office Conversion (BOC) product revolutionizes the way paper checks can be converted to electronic payments by eliminating key
entry in the back office. TranFusion utilizes Midax, a leader in retail store automation and switch technology, to allow merchants to streamline the process of check conversion through the support of NACHA's new BOC Standard Entry Class Code that goes into effect on March 16,2007. TranFusion's unique integration with point-of-sale (POS) systems like NCR ACS IR, ACS 6.2, Scanmaster 1 and 2, ACR, IBM SA, IBM ACE, ISS45 8, Systec, Basspoint, Microtrax/WinEPS, RBS Lynk Integra 2007 and NCR 2127 with BSCIIP revolutionizes, significantly simplifies, and automates electronic check conversion. The initial roll-out targets the supermarket industry, with scheduled releases providing service to all retail merchants.

TranFusion will integrate the benefits of BOC into merchants' POS systems to;

	eliminate signature capture at the POS

	provide faster funds availability

	lower labor costs and increase operational efficiencies

	decrease the risk of lost, stolen, or damaged paper checks

	reduce the administrative burden of processing paper checks and deposit preparation

	consolidate deposits from multiple locations to reduce banking relationships and the associated fees

	eliminate paper check encoding expense

	deliver FREE integrated check collection

	minimize returns and their associated fees

	provide faster notification of return items for expedited re-presentment and improved collectability

BOC provides an incredible return on investment for merchants. A recent study done on behalf of a retail store chain found that Back Office Conversion could “reduce bank fees by as much as 97%, improve access to funds by 54% and reduce losses from the returned items by 20% through implementation of BOC via (check) conversion into an ACH payment (BOC/ACH). By implementing BOC/ACH, the retailer realizes an overall savings of 59.9%.”*

About CybrCollect

Established in 1998, CybrCollect, Inc. consolidates the best practices in the check collection and electronic payment industries. In addition to their core RCK services, they offer a complete eCheck solution with integrated collections for all return items. CybrCollect endeavors to create the fastest returns for merchants while providing excellence in customer service. Their free electronic check collection services aid businesses nationwide in increasing their collection of bad checks, while lowering associated transaction fees through consolidated returns and EFT.

About Midax

Established in 2000, Midax, Inc. is an industry innovator in systems integration with an enterprise suite of software solutions specifically tailored to the independent retail operator. Midax offers a range of fully integrated solutions for retail, from payment processing and loyalty to CAO, receiving and price hosting, all supported by one common data warehouse. Midax serves customers across the entire United Sates from its base in Virginia Beach, VA.

A compelling Business Case for BOC Adoption, Now. A Major Retail Case Study1 White Paper, by: Bob Seltzer, President and Michael Fisher, Sr. Vice President Meta Software

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