SOURCE: Debitman Card, Inc.

May 22, 2006 09:00 ET

Debitman Patent Approved for Merchant-Branded Debit Card Network

CHICAGO, IL -- (MARKET WIRE) -- May 22, 2006 -- Retail Systems 2006, Booth #218 -- Debitman Card, Inc., creator of The Retailer's Network debit card payment system, today announced it has received a notice of allowance from the U.S. Patent and Trademark Office approving the company's patent for a system that enables the use of interoperable merchant-branded consumer debit cards.

"This patent approval provides Debitman with clear-cut industry leadership and a proprietary advantage in the operation of a payment network that provides retailers with an alternative to the high interchange rates of traditional card networks," said Debitman CEO Mike Grossman. "We have proven The Retailer's Network concept in merchant engagements and this patent approval further validates Debitman's business model as we accelerate our market expansion program."

More than 200,000 locations nationwide are part of The Retailer's Network, including Wal-Mart, Sam's Club, CVS, Duane Reade, and Walgreens. The merchant-friendly debit payment network creates new revenue sharing opportunities for retailers that issue their own branded debit cards and reduces fees on electronic payment transactions for all card-accepting merchants.

The Retailer's Network created by Debitman is unprecedented in that it enables a true alternative to existing card networks while utilizing existing infrastructure, including the processor relationships and installed point-of-sale equipment retailers depend on.

About Debitman

Debitman® created and operates The Retailer's Network, the only national, interoperable electronic payment network for retailer-issued debit cards. Founded in 2000 with a commitment to lowering interchange fees for card transactions and generating revenue for card-issuing retailers, the company is privately held and headquartered in San Mateo, CA. For additional information, visit www.debitman.com.

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