PowerPay Announces Partnership with Association of Vermont Credit Unions

Partnership Provides Comprehensive Product Base to Support Vermont Businesses

Portland, ME and South Burlington, VT – July 12, 2010 - PowerPay, one of the nation's premier providers of integrated eCommerce and point-of-sale (POS) payment processing solutions, announced their partnership with the Association of Vermont Credit Unions, a cooperative financial services organization located in South Burlington. The agreement allows PowerPay to offer integrated payment acceptance methods to the Association's membership base and to their business members.

On the partnership, Tracy Coyne, Financial Institution Group Manager of PowerPay said, “We're excited to partner with the Association of Vermont Credit Unions. Our values are consistent with each other, in providing quality service first and foremost. Our products will provide the Credit Unions a full range of payment solutions they can utilize to maintain and attract new business members.”

Some of the products that PowerPay offers include Check ACH conversion and guarantee, Merchant branded gift cards, Visa branded gift cards for credit unions, the Town Loyalty Program and Capital funding solutions. “Increasingly, the popularity of credit unions demonstrates the need for a high quality merchant processing solution to provide to members. After researching a variety of alternatives, the Association of Vermont Credit Unions is proud to have selected PowerPay as the solution for Vermont credit unions and their small business members. We're confident that PowerPay's longstanding reputation and quality service will help us to help credit unions meet a growing need by Vermont merchants.”

About PowerPay
PowerPay is one of the nation's premier providers of integrated eCommerce and point-of-sale (POS) payment processing solutions. Founded in 2003, the Portland, Maine-based company offers a unique, consultative approach designed to maximize customers' payment processing efficiency, security and investment. PowerPay's unique methods of underwriting and risk management coupled with a robust IT department, gives them the flexibility and agility to excel as a payments processor. Working with its wholly owned subsidiary and internet-based merchant account provider, e-onlinedata, PowerPay delivers comprehensive, innovative solutions that help customers grow their businesses and improve their bottom lines.

In 2008, PowerPay ranked no. 314 on Inc. Magazine's Inc. 500 list of America's fastest growing private companies, and in 2007, 2008 and 2009 was named one of the Best Companies to Work for in Maine — an award from the Best Companies Group and the Maine Department of Labor. www.powerpay.biz

About the Association of Vermont Credit Unions
The Association of Vermont Credit Unions is the advocate and primary support resource for Vermont's credit union community. Its roots are anchored in the history of credit unions, when the founding father of the American Credit Union movement, Roy F. Bergengren, became the founder and first chief executive of the Association (then Vermont Credit Union League) at its inception in 1947. Today, the Association represents the interests of credit unions in the statehouse and Washington, and provides a variety of informational and operational support resources for its member credit unions. www.vermontcreditunions.com

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