Creative Payment Services Widens Range of Services to Become ``Single Source'' Payment Processing Solution for Internet and Telemarketing Merchants.

LARGO, Fla.--(BUSINESS WIRE)--November 3, 1998--Creative Payment Services, a leading provider of pre-authorized check and electronic payment services to merchants in the telemarketing industry, announces today it has begun merchant credit card processing, making CPS one of only a handful of companies that can process Credit Cards, Pre-Authorized Drafts, and Electronic Funds Transfers (EFT's) for merchants taking orders over the phone or Internet.

As a third party processor, CPS will permit the use of its merchant account for clearing credit card transactions for approved companies, or process on-line transactions for merchants using their own merchant account. CPS will also provide online batch credit card processing and check processing with real time data validation. CPS will also continue its highly successful Verification Plus program, offering LIVE Verification of account, routing and available funds data for pre-authorized printed drafts and EFT's.

"We see credit card processing as the next step in offering a complete line of payment solutions to merchants getting out on the Web", said David Weiss, CPS President and Chief Executive Officer. Adding, "Our PAYBYWEB service will revolutionize the Internet by offering every E-Commerce solution available to merchants. We expect our single-source solution will be very attractive to large and small business alike, looking for a full-service payment-processing provider. Our future plans include the development of a complete turn-key application for webmasters and system developers."

Since 1992, Creative Payment Services has offered a myriad of payment options to direct marketers, fundraisers, telemarketing professionals, infomercial marketers, audiotext, and Internet based businesses.