Partners with Cynergy Data

NXGEN Payment Services partners with Cynergy Data

Opens up New Opportunity to Expand its Credit Card Processing Reach Nationally

November 2006, Whitefish, MT NXGEN Payment Services, a leading payment services provider, has announced a partnered ISO relationship with Cynergy Data, one of the nation's largest third-party processor. Cynergy Data will provide enhanced programs, support and data availability for NXGEN's national Sales Force, Agent Banks and Referral Sources.

"NXGEN is excited to be working with Cynergy Data," said Michael Jaffe, Vice President of NXGEN Payment Services. Jaffe went on say, "Cynergy Data with their Vimas technology platform and NXGEN with its veteran sales force are two of the more respected providers in the industry. Both companies are embracing this partnership as we promote mutual growth, brand recognition, and personalized merchant support and services."

"Our mission at Cynergy Data is growth, as measured in retaining and winning merchant customers. We felt that NXGEN Payment Services has that same commitment level to providing best in class service, technology, and pricing that is critical to building customer relationships," said Marcelo Paladini, CEO with Cynergy Data.

"It is our belief that revolutionary advances in technology, when combined with proactive customer service, represents the most effective model a data processor can offer in a daily effort to help ISO partners grow their business. These factors are the fundamental reasons why Cynergy Data decided to team up with NXGEN. Together, we can take merchant account businesses way beyond," said Michael Grossman, Executive Vice President of Sales, Cynergy Data.

About NXGEN Payment Services

NXGEN is a multi-national provider of credit card processing in the United States and Canada. They are currently laying the groundwork to successfully launch operations in Europe, starting in Italy and the United Kingdom. They are a registered Merchant Service Provider (MSP) with CynergyData through Bank of America and one of the top MSPs for Elavon through USBank. NXGEN's payment service solutions include ACH/EFT processing, Electronic Gift Cards and ATMs.

NXGEN has been awarded MasterCard's highest level of RAMP Compliance rating for their Fraud Prevention and Risk Management policies, and Visa certified NXGEN as one of only a few companies able to participate in their Tax Payment Pilot program. Recently, NXGEN received national recognition on "World Business Review" hosted by General Alexander Haig, highlighting their unparalleled Agent Bank program.

About Cynergy Data

From a small office back in 1995, Cynergy Data has grown into an industry leader with more than 100 employees, constantly expanding with its client base. Having both operations and sales offices in New York City, Cynergy Data currently processes over $6 Billion annually in VISA and MASTERCARD and also offer Credit, Debit, Check Conversion and numerous other forms of electronic payment transactions.

Marcelo Paladini is the co-founder and Chief Executive Officer of Cynergy Data. Today, Cynergy Data provides credit card services to more than 40,000 merchant accounts in the U.S. market. Cynergy Data has been featured 3 times in INC. Magazine's renowned annual ranking of the fastest growing privately held companies in the U.S. For more information on Cynergy Data, contact Mike Grossman in sales at mikeg@cynergydata.com or call 1-800-933-0064, ext. 5155 or visit www.cynergydata.com.

For more information, please contact NXGEN Payment Services at: 1-866-863-9977

E-mail: dkaufman@nxgen.com, Internet: www.nxgen.com, www.nxgencanada.com, www.nxgeninternational.com and www.cirfin.com.