CoreCard Adds Lift To Supplier Capital Competative Advantage

CORECARD ADDS LIFT TO SUPPLIER CAPITAL COMPETITIVE ADVANTAGE
Company’s Technology Speeds Supplier Capital’s Customer Acquisition Strategy

NORCROSS, Ga., August 22 – CoreCard Software, Inc., a *PaySys International spin-off and premier provider of real-time payment management and credit card transaction processing systems today announced the successful pilot implementation of CoreENGINE, the company’s real-time universal lending software platform at Supplier Capital, LLC, a financial applications service provider with clients that include GE Capital. Supplier Capital’s Web-based service, which is powered by CoreENGINE, enables GE Capital Commercial Services to extend its service offerings to small to medium-sized manufacturers and wholesale suppliers – a previously untapped market segment.

“Consistently offering new features and other system enhancements are integral to our competitive strategy, but time and availability of resources are constant challenges,” said John B. Hayes, president and chief executive officer at Supplier Capital. “The use of CoreCard’s technology as our underlying software platform for release 2.0 of our application has made these virtually non-issues. We were able to cut our development time by half, develop a more robust application that has been available 24/7, offer more functionality and even enroll new clients.”

Since the beginning of the three-month pilot, Supplier Capital’s powered-by-CoreENGINE service has successfully processed transactions for more than 200 companies with no down time. Use of the software platform enabled Supplier Capital to offer its customers advanced functionality such as error-free transmission to GE Capital, automated dissemination of critical business information both up and down a corporation’s organizational hierarchy and access to transactions by the client’s field sales force.

About CoreCard

CoreCard is a PaySys spin-off and inventor of CoreENGINE™, the first real-time universal card transaction processing and lending software platform. CoreISSUE, the first application developed using CoreENGINE, provides card issuers with unprecedented control and advanced functionality that enable them to improve operational efficiencies, create profitable marketing programs and increase revenues. Headquartered in Norcross, Ga., CoreCard is funded by Intelligent Systems Corporation [AMEX: INS], a major investor of PaySys since 1993. Other shareholders include Oak Investment Partners, Advent GECC, Grubb & Williams and Capital Resource Partners. For more information on the Charter Customer Program, call 770-564-8000 or complete the online information request form at www.corecard.com.

About Supplier Capital

Supplier Capital provides a Web-based service to small and medium-sized manufacturers and wholesale suppliers enabling them to utilize their accounts receivable as secured collateral to gain additional growth capital. The company is based in Georgia. For more information, visit www.suppliercapital.com.

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*PaySys is a registered trademark of PaySys International, Inc., a wholly owned subsidiary of First Data Corporation.