iPay Technologies Partners With MY CU Services to Become the Market Leader in Bill Payment Services to Credit Unions

ELIZABETHTOWN, KY, Jul 14 (MARKET WIRE) --
iPay Technologies, the leading independent online bill pay provider for
financial institutions, today announced that it has partnered with MY
CU(R) Services, a subsidiary of Mid-Atlantic Corporate Federal Credit
Union, to provide its bill payment product to all of the credit unions
that use MY CU bill payment services. The partnership will combine the
great service that members are accustomed to receiving from MY CU with
iPay's superior bill pay product.

"iPay's innovative products and exceptional customer service make them a
great partner for our online bill payment service," stated Drew Kishbaugh,
president and CEO, MY CU Services.

The partnership further advances iPay's position as the market leader in
bill payment service to community financial institutions. iPay currently
provides bill payment services to over 2,800 financial institutions. An
additional 800 financial institutions are under contract to begin service
later this year, bringing the total number of financial institutions using
iPay's bill pay service to over 3,600. Of these 3,600, more than 1,600 of
them are credit unions, putting iPay's market share amongst credit unions
with bill pay at over 51%.

"iPay has been dedicated to providing outstanding bill payment services to
community financial institutions since its inception," said Dana Bowers,
founder and managing partner, iPay Technologies. "We are extremely pleased
that MY CU Services, a leader among service providers in the credit union
industry, has selected iPay as the best bill payment product for its
members."

"We continue to execute on our mission of providing best-in-class bill
payment products to community financial institutions through our network
of financial services partners. We are proud to now include MY CU Services
amongst our network of over 50 financial services partners," said Bill
Ready, president, iPay Technologies.

About iPay Technologies

iPay Technologies is the leading independent provider of Internet bill
payment services. Founded in 2001, iPay develops and fully supports
consumer and small business online bill pay solutions for more than 2,800
financial institutions nationwide and in Puerto Rico. iPay offers
exceptional customer service with a U.S. based customer service center of
bill pay experts who resolve 9.5 of every 10 calls within the first five
minutes. iPay offers a 99.93% payment success rate with more than
1,200,000 bill pay customers, and over 4,000,000 payments processed each
month. The company is owned by Spectrum Equity Investors, Bain Capital
Ventures, and management. More information about iPay is available at
www.ipaytechnologies.com.

Media contact:
Susan Lindner/Shala Girolami
Lotus Public Relations
212-922-5885
Email Contact/Email Contact

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