Element Payment Services Hires New Chief Financial Officer

Phoenix, AZ December 1, 2009 -- Element Payment Services, an Arizona-based PCI compliant payment processing provider, announces the hiring of a new Chief Financial Officer, Matthew Gauer. Mr. Gauer will oversee Element's Finance, Accounting and Human Resources departments.

For the past 12 years, Mr. Gauer has held various senior level positions with First National Bank of Omaha, including CFO of its merchant acquiring division, First National Merchant Solutions (FNMS). FNMS is one of the top ten payment processors in the United States, processing over $51 billion in Visa/MasterCard volumes in 2008.

"We are very pleased to have Matt join our executive team," says Sean Kramer, President and CEO of Element Payment Services. "Gauer brings a wealth of financial and business leadership experience, which will help our company continue to be on the cutting edge of the payment services industry."

Mr. Gauer is a graduate of the University of South Dakota, Vermillion, SD with a degree in accounting.

About Element Payment Services

Headquartered in Phoenix, Arizona, Element Payment Services, Inc. provides fully integrated PCI DSS compliant payment processing solutions to merchants through partnerships with leading business management software providers. Engineered using service-oriented architecture, Element's Express Processing Platform allows for easy integration and supports credit and debit card, ACH and check solutions.

Processing $4 billion in annual transaction volume, Element's simple and secure payment solutions allow customers to easily comply with industry security requirements such as PCI DSS, PA-DSS (PABP), significantly reducing the risk of a cardholder data breach. Element Payment Services, Inc. is a registered Merchant Service Provider with First National Bank of Omaha.