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May 8, 2013

Press Release

Media Contact:
Afshin Yazdian, President

Priority Adds Electronic Payment Industry Veteran to Management Team

Alpharetta, GA-based Priority Payment Systems, one of the top 40 merchant acquirers in the country, has added Paul Oswald as a key member to its management team. Oswald, a Kansas native has been hired as Priority's Vice President, Enterprise Solutions.

Paul has over 20 years in the credit card industry with experience in sales and operations. He started as a Client Executive with American Express and continued his bank card journey with Brown-Foreman Enterprises, First Data, Elavon (formerly known as NOVA Information Systems), TransFirst, and Cynergy Data.

Paul will focus on growing Priority's Enterprise Solutions team working on VAR integration, new product opportunities and supporting ISO/Agent programs in delivering Priority products and services.

"With our focus continuing to evolve in our electronic payment solutions," says John V. Priore, President & CEO of Priority Payment Systems, "Paul will bring a dedicated focus in creating and growing our enterprise solution's division and ISO/Agent relationships. Paul's approach to relationship building and overall revenue generation will be a tremendous asset to our continued company growth.".

Paul and his wife, Barbara reside in Alpharetta, Georgia, with their son and two dogs. Paul is active in the local community working with local charities.

About Priority Payment Systems

Since inception in 2005, Priority Payment Systems has established itself as a leading innovator in the electronic payments industry. Priority's MX™ electronic payment processing technology is the clear choice of today's efficiency driven merchants integrating point-of-sale processing with inventory control, consumer loyalty tracking, currency conversion, invoicing and payment reconcillation. The combination of its "consumer inspired" products, first class service and support, and competitive pricing has made Priority the high-value partner for Banks and Financial Institutions, Independent Sales Organizations (ISO's) and Sales Agent offices, and Associations and Referral Partnerships nationwide. Priority's unique transaction platforms support both business to consumer and business to business transactions. The 2012 Neilson Rankings ranks Priority among the top 40 consumer transaction processors by volume, and one of the industry's fastest growing over the last 5 years.