PaySimple Partners with Magnum to Offer Fully Integrated E-Commerce Solutions for Businesses

DENVER, CO, June 6, 2007 –PaySimple, an industry-leading provider of payment management solutions for businesses, is pleased to announce it is partnering with Magnum, an e-commerce systems provider for retail and restaurant establishments. Businesses utilizing Magnum E-Commerce Systems for their retail applications can process their ACH direct-debit and credit card transactions through the PaySimple payment gateway without leaving the Magnum system.

Both Magnum and PaySimple focus on automating and simplifying business processes in the Small and Medium Business (SMB) market. Magnum provides systems that organize retail operations in addition to electronically linking internal departments. PaySimple provides a robust online payment gateway that simplifies the entire accounts receivable process with recurring billing, online payments, and easy ACH direct-debit and credit card processing. By partnering, these two companies provide a comprehensive user-friendly system that automates the sales process from inventory management to payment.

“Companies shouldn’t have to use multiple software systems for their business processes—it only creates confusion and duplicative efforts,” said Michael Yenigues, President of Magnum E-Commerce Systems. “By partnering with PaySimple, our customers will obtain this coveted all-in-one solution and not only benefit from the functionality of our e-commerce systems, but also receive the complete functionality of one of the top payment gateways in the industry.”

“PaySimple is thrilled about our partnership with Magnum,” said Jeff Gardner, President of PaySimple. "This partnership combines both companies’ core competencies into one all-encompassing solution that will provide users of Magnum systems with a fully integrated business management application.”

Magnum’s product offering includes a variety of systems ranging from e-commerce enabled websites to restaurant POS systems, all of which can be seamlessly integrated with the PaySimple payment gateway. All functionality from the PaySimple gateway—including reporting, recurring billing, and ACH direct-debit and credit card processing—is transferred through to the Magnum system interface. From the interface, a business can automate and manage all of its retail processes with the combined functionality of the two systems.

For more information about PaySimple and its payment processing gateway, visit the company website at www.paysimple.com or call 800.466.0992. For more information about Magnum e-commerce systems, visit www.magnumbiz.com.

About PaySimple: PaySimple is an industry-leading provider of payment management solutions. PaySimple simplifies billing and collection processes by enabling customers to invoice, collect and deposit all of their payments automatically. The customized, secure ASP solution includes auto-recurring billing, electronic check processing, direct debit and credit card processing at some of the lowest rates available. PaySimple seamlessly integrates with most business management software. Based in Denver, Colorado, PaySimple sells its system direct to end-users and via partners who provide total business software solutions. www.paysimple.com.

About Magnum: Magnum is an e-commerce systems provider for small to medium sized retail and restaurant establishments. Its various systems provide for complete seamless integration and enable its customers to automate internal and external processes while helping to better achieve their business goals. www.magnumbiz.com. ###