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Momentum Payment Systems Announces Check 21 Capability Update to Clear Charge POS Software

Addison, Texas – June 29, 2009 – Momentum Payment Systems, www.MomentumPayments.com, a full service electronic payment processing provider, recently announced the roll out of a major update to Clear Charge, its feature point of sale software. Check 21 capabilities are built into the auto-update feature that began implementation for Momentum Payment Systems merchants this month.

Clear Charge is POS software that, when installed on any computer, enables it to become a fully-functioning payment processing terminal. Clear Charge can process credit, debit, checks, EBT and gift and loyalty cards. Clear Charge is PCI and PED compliant because it does not store cardholder data on the machine through utilization of host data capture.

Check 21, also known as the Check Clearing for the 21st Century Act, was enacted in October 2004 and allows checks to be deposited electronically and scanned to capture the image, which speeds up fund transfers and makes accepting checks more secure.

With the newest update Clear Charge becomes Check 21 capable with a Check Imager. Utilizing USB RDM 7000i Clear Charge enables dual-side images so merchants can easily retain a copy of both the front and back of a check.

Clear Charge was also recently updated with multi-merchant capabilities. This enhancement makes it possible for Clear Charge to process up to 9 different merchant accounts on one system, convenient for multi-merchant locations.

Momentum Payment Systems is dedicated to ensuring merchants utilize the latest technology now and in the future. Momentum merchants who choose Clear Charge receive automatic updates on future enhancements included in their standard pricing. Currently, plans for future enhancements include internal reporting features providing daily, weekly and monthly reports for each separate payment category.

“Clear Charge has been an excellent cost-effective payment processing solution that meets the needs of our merchants,” said John Crouch, Chief Information Officer. “We are proud to now incorporate Check 21 capabilities among Clear Charge’s many useful functions.”

About Momentum Payment Systems

Momentum Payment Systems is dedicated to bringing small business owners the best in electronic payment processing services backed up with outstanding customer service. At Momentum, we are committed to helping business owners maximize their revenue potential by offering quality products and services at competitive prices. Momentum strives to provide personalized solutions to fit each customer's unique needs.

At Momentum Payment Systems, our mission is simple, to create a unique and rewarding opportunity for our company representatives and merchants, to build lasting relationships with our merchants, our company representatives and our vendors and to operate within the highest standards of ethics and service.

We intend to fulfill this mission by focusing on the value and importance of each individual and merchant we come in contact with. These philosophies serve as the foundation for Momentum Payment Systems. Our goal is to provide excellent service to and positively impact the lives of merchants throughout the United States.

Momentum Payment Systems is located at 22001 Northpark Drive, Suite 800, Kingwood, TX 77339. Visit Momentum Payment Systems online at www.MomentumPayments.com

For further information, contact Jessica Bryant, Marketing Assistant, at 214-442-1700 x1333.

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