SOURCE: Tempo Payments, Inc.

July 17, 2007 08:30 ET

Tempo Hosted Platform Supports Flexible Payment Card Programs

Open System Enables Rapid Deployment, Fosters Innovation

SAN MATEO, CA--(Marketwire - July 17, 2007) - Tempo Payments, Inc. today announced the availability of the Tempo™ Payment Platform, the first hosted solution that enables financial institutions and other issuers to rapidly deploy innovative card payment solutions. Tempo today also separately announced Tempo Debit, the first product available on the platform, which enables financial institutions to quickly establish and operate decoupled debit payment programs with the flexibility to access multiple payment networks.

The Tempo Payment Platform supports multiple payment types with a flexible, modular architecture that provides issuers with the ability to select the functionality they require for card transactions, including:

--  Cardholder management modules for card application administration,
    customer service, ACH risk analysis, and system-of-record management
    
--  Transaction processing modules for authorization, ACH settlement, NSF
    management, and reporting
    
--  Access to the Tempo Payment Network as well as other leading payment
    networks
    
"The industry is on the cusp of a new era of creativity and flexibility for payment card programs and the Tempo Payment Platform is the enabler for institutions seeking to exploit the opportunity," said Tempo CEO Mike Grossman. "They can take advantage of this hosted solution to jump-start new payment programs without having to invest time and resources in developing proprietary solutions. Rapid deployment, lower costs and flexibility are the key benefits of the Tempo Payment Platform for institutions that want to develop new, innovative payment card programs.

Tempo's hosted software solution ensures rapid deployment at a lower cost than traditional, custom solutions. Tempo connects to the Tempo Payment Network, a low-interchange national payment network, as well as other established payment networks to ensure ubiquitous merchant point-of-sale acceptance.

"Tempo Payments' new card issuing platform heralds a world where financial institutions will be able to issue various types of debit, credit and prepaid cards on a single platform," said Gwenn Bézard, a Research Director with Aite Group. "Tempo's payment platform will make it easier for institutions to bring quickly to market creative card programs, without having to build yet another processing silo."

The Tempo Payment Platform is available now as a subscription service. Pricing varies depending on the functionality and modules required.

About Tempo Payments, Inc.

Tempo is the leading provider of innovative card payment solutions, combining an open payment platform with a low-interchange national payment network. The company's Tempo Payment Platform is a hosted, flexible solution that enables innovative payment card solutions, such as decoupled debit programs, and access to the PIN-based Tempo Payment Network as well as other leading payment networks. Tempo is privately held and is headquartered in San Mateo, CA. For additional information, visit www.tempo.com.

Contact Information