Carpenter Promoted to Vice President of Operations For PULSE EFT Association.

HOUSTON--(BUSINESS WIRE)--Aug. 26, 1999--

PULSE(R) EFT Association has announced the promotion of Sue Carpenter to vice president of operations.

Carpenter will be responsible for managing the daily operations of the PULSE Switch, the computer system which facilitates automated teller machine (ATM) and point-of-sale (POS) terminal transactions for the network. Other responsibilities include oversight of national and regional services, processor relations and vendor management.

Prior to joining PULSE in 1994, Carpenter served as assistant vice president of Card Establishment Services, a leading credit card merchant processor, and was responsible for account management of major retail merchants across the United States. Carpenter began her banking career at First City Bank in Houston where she acquired more than 15 years of electronic banking experience.

PULSE is a not-for-profit, shared electronic funds transfer network comprised of more than 2,000 member banks, credit unions and thrifts in Alabama, Arkansas, Colorado, Louisiana, Mississippi, New Mexico, Oklahoma, Tennessee and Texas. The network features more than 52,000 ATMs and more than 199,000 PULSE(R) PAY point of sale terminals in all 50 states throughout the country.