SOURCE: Regulus Group

October 17, 2007 08:00 ET

Regulus Expands Electronic Payment Offerings, Partners With ChoicePay to Give Customers Best-in-Class Capabilities

New PCI-Compliant Solution From Regulus Seamlessly Connects Electronic & Paper Payments, Provides Greater Payment Control

NAPA, CA--(Marketwire - October 17, 2007) - Regulus, the largest independent provider of paper and electronic bill presentment and remittance processing solutions in the United States, today announced its partnership with e-payment services provider ChoicePay. With the addition of ChoicePay, Regulus is expanding its ePayments suite, a selection of e-payment, EBPP and related options that can be rapidly deployed and scaled by customers as needed, with no additional technology infrastructure required.

Utilizing ChoicePay's advanced payment technology, the Regulus ePayments product suite offers capabilities ranging from state-of-the-art interactive voice response (IVR) to Web-based and other direct bill payment options including attended walk-in solutions and kiosks. The range of ePayments services integrates seamlessly into Regulus' Transactions2 (T2) suite of presentment and remittance software and services.

"Amid growing demand for electronic payment and presentment options, the Regulus ePayments suite offers our customers additional tools to speed cash, lower costs and improve customer service," said Brian Mulford, Chief Product and Information Technology Officer of Regulus. "The introduction of Regulus ePayments, backed by ChoicePay's leading technology, enhances our electronic services even further with a powerful, secure payment solution that is also easy to set up."

The two companies announced their partnership today ahead of the Association of Financial Professionals' Annual Conference next week in Boston, Mass., where both are exhibiting. Regulus will be demonstrating the Regulus ePayments suite in Booth #545. The new ePayments services announced today by Regulus will be available by Q1 2008. ChoicePay will be presenting in Booth #1650.

Regulus selected ChoicePay, a Payment Card Industry (PCI) compliant provider, as its e-payment solution partner based on the strength of ChoicePay's technology, security and compliance. ChoicePay is also highly regarded for the ease-of-use and powerful management capabilities of its payment systems. The foundation of the ChoicePay e-payment platform is advanced Service Oriented Architecture (SOA) that allows for easy integration with Regulus T2 solutions, allowing customers to get up and running with ePayments products quickly. Additionally, Regulus customers will now have access to more than 300 highly intuitive e-payment settings so that their EBPP system can be tailored specifically to their company's business processes.

"Regulus, as the preeminent independent paper payment processor, recognized the value in combining the strength of the T2 solution with our innovative core electronic bill payment offering providing customers with a 'round trip' solution for all payment methods and channels," said Greg Adelson, President of ChoicePay. "We are delighted to have Regulus as a strategic partner and look forward to jointly providing their customers and prospects with this best-in-class suite of products."

Regulus' T2 suite of products and services provides companies in the finance, healthcare, telecom and utility industries with much greater control and visibility over their billing and remittance processes. The T2 suite creates value at every stage of the transaction lifecycle by increasing access to valuable data and combining traditional paper with state-of-the-art electronic services. One in three FORTUNE 50 companies uses Regulus' services. Storing and receiving over two billion images annually, the company processes over two billion transactions each year and nearly $32 per month of the recurring bills in every American household.

About ChoicePay

ChoicePay, Inc. is an electronic bill payment services provider and a subsidiary of Tulsa National Bancshares, Inc., a federally regulated bank holding company. ChoicePay began as an electronic lockbox for billers in 1996 with the mission of streamlining high-volume bill-payment processes. The company makes available a comprehensive suite of ACH, credit card, and cash payment options via the Internet, bilingual Interactive Voice Response (IVR), bilingual call center, unattended walk-up kiosks, and attended walk-in retail locations. VISA® and MasterCard® International have certified ChoicePay as a Cardholder Information Security Program (CISP) compliant service provider that has met the Payment Card Industry (PCI) Data Security Standard requirements. For more information, visit www.choicepay.com.

About Regulus

Founded in 1995, Regulus is the largest independent payment processor in the United States, servicing nearly two billion paper and electronic transactions every year for Fortune 500 customers. Regulus delivers an end-to-end solution, starting from release of the customer's billing file for invoicing, through the posting of the associated paper or electronic payment, to support of customer care and collections. By leveraging data from the total payment cycle, Regulus is able to offer value-added services that provide measurable process efficiencies. The company is headquartered in Napa, California, and has offices nationwide. For more information, visit the company's web site at www.regulusgroup.com.

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