Statement from CardSystems Solutions, Inc.

(June 17, 2005)

CardSystems Solutions, Inc., identified a potential security incident on Sunday, May 22nd.  On Monday, May 23rd, CardSystems contacted the Federal Bureau of Investigation.  Subsequently, the VISA and MasterCard Card Associations were notified to alert them of a possible security incident.  CardSystems immediately began a remediation process to ensure all systems were secure. Additionally, CardSystems immediately engaged an independent 3rd party to validate systems security. 

Since that time, concurrent to the investigation proceedings, CardSystems is completing the installation of enhanced/additional security procedures recommended by the security assessor involved in the investigation.

We understand and fully appreciate the seriousness of the situation.  Our customers and their customers are our lifeblood. We are sparing no effort to get to the bottom of this matter.  Our goal is to cooperate fully with the FBI to complete the investigation and ensure that we do nothing that might compromise the investigation.

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For Further Information:

Bill Reeves

Senior Vice President, Marketing and Communications

CardSystems Solutions, Inc.

Phone: (770) 395-2959

Fax:  (678) 306-4813

Email: media@cardsystems.com

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