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REMINDER/SSP Solutions to Demonstrate the PaySafeNow Online ATM Solution Set in New York; Demonstration Will Show Terminal Working in Online Gaming Application.


Business Editors & High-Tech high-tech also hi-tech
adj. Informal
Of, relating to, or resembling high technology.


high-tech
Adjective

same as hi-tech

Adj. 1.
 Writers

REMINDER...for Wednesday Wednesday: see week.  (June June: see month.  26)

SSP (1) (Service Switching Point) The local exchange node in an SS7 telephone network. The SSP can be part of the voice switch or in a separate computer connected to it.  Solutions Inc.


WHO:      SSP Solutions Inc. (Nasdaq:SSPX), a provider of solutions
          and services that secure access control and real-time
          movement of financial transactions and other valued digital
          content and strategic partner, Freestar Technologies,
          (OTCBB:FSTI) provider of the first Internet ATM debit
          solution.

WHAT:     SSP Solutions, in conjunction with strategic partner
          Freestar Technologies will be demonstrating the PaySafeNow
          online ATM debit solution set to journalists and prospective
          customers on June 26, at Freestar's offices in New York.

          Freestar's ATM solution is a component for SSP's online
          business opportunities, including the future prospect of
          legalized online gaming in the United States. The PaySafeNow
          solution is an online ATM debit payment processing method on
          the market, creating new, secure payment methods which
          protect customers from fraud and provides new payment
          options for online business including ATM debit, as well as
          credit cards. The product supports existing magnetic stripe
          cards, as well as smart cards, and provides a means to
          transfer funds directly from an ATM debit account for
          payment or to load funds into an e-wallet or e-type of
          account.

          Besides expanding the types of online financial products
          and services for consumers, PaySafeNow extends Internet
          direct debit payments to other regions of the world where
          credit is not as widely used as in the United States. In
          addition to performing traditional debit transactions, the
          reader and software can facilitate wire transfers and online
          gaming winnings by loading funds into a customer's
          credit/debit account.

WHEN:     June 26 -- 1 p.m.-5 p.m.

WHERE:    Freestar's offices at 1140 Avenue of The Americas, 10th
          Floor, New York, N.Y. 10036

WHY:      The solution is particularly well suited to the online
          gaming, where credit card repudiation is extremely high. The
          PaySafeNow ATM debit solution provides card present
          transactions directly on the ATM network, eliminating
          repudiation.

CONTACT:  For information and appointments contact Rick Thrasher at
          949/851-1085, ext.350, or rick.thrasher@sspsolutions.com.

COPYRIGHT 2002 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2002, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Jun 25, 2002
Words:330
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