For Immediate Release:

Date: March 3, 2004
Place: San Diego, California
Contact: Steve Eazell-Director National Sales and Marketing
Phone: 1-866-300-3376
Fax: 1-707-836-1979

National Bank of the Redwoods (RMS) to Sell SPS Check and Gift Card Services

(San Diego, CA) Secure Payment Systems (SPS), one of the nation.s leading check and gift card services processors and the only U.S. company that provides a truly integrated check conversion and gift card program is pleased to announce that they have reached an agreement with Redwood Merchant Services (a Division of National Bank of the Redwoods, member FDIC) to provide SPS. extensive suite of Value Added Products to retailers through their national and regional independent sales force.

Redwood Merchant Services is a wholly owned subsidiary of National Bank of the Redwoods located in the North Bay Area of California with offices in Santa Rosa, California, Scottsdale, Arizona and Tucker Ville, Maine with sales agents interspersed throughout the U.S. National Bank of the Redwoods has been providing high-end merchant processing since 1988 and is considered one of the pioneers of the payment industry ranking as one of the top merchant acquirers in the business.

Steve Eazell, SPS Director of Sales & Marketing stated, .We are pleased to be associated with an organization having the history and experience of providing merchant services to such a broad range of retailers, etc. It is a privilege to provide their sales agents with the tools necessary to remain the competitive force they have always been..

.We looked long and hard before deciding on which products and services to offer our merchants and sales agents. Remarked Susan Horne, President and CEO, Redwood Merchant Services. .We wanted to partner with an organization that shares our core values of providing quality service and support to our merchant base. We believe that with SPS we have found true synergy..

About Secure Payment Systems, Inc

Secure Payment Systems, Inc. (SPS) ( was founded over 6 years ago by Linden (Lin) Fellerman, former 20 year employee and 10 year President of the Telecredit / Equifax Check Services subsidiaries. With over 25 years of entrepreneurial achievement in transaction processing and risk management systems, Lin fosters a hands-on management philosophy resulting in what may arguably be the lowest merchant attrition rate in the industry. He attributes this success, and a 40% annual growth rate, to unprecedented customer service levels that begin and end with a philosophy that empowers sales agents and employees while rewarding and encouraging unusual attention to detail.

About Redwood Merchant Services, Inc.

As a division of National Bank of the Redwoods, (RMS) ( has been providing credit card payment processing for over 15 years and ranks among the top 2% payment processors in the nation. National Bank of the Redwoods was founded in 1985 as a commercial bank serving businesses and entrepreneurs in the coastal redwood region of Northern California. In 1988 Redwood Merchant Services was formed as a wholly owned subsidiary and over the years have evolved into one of the nation.s premier providers of merchant processing working with many of the industry.s ISO.s, banks and agents providing quality service and competitive pricing.
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