For Immediate Release: September 20, 2004

GENPASS AND PARTNERS ANNOUNCE WIRELESS ATM SERVICE

IRVING, TX – August 17, 2004 – Genpass Technologies, operator of the MoneyPass national surcharge-free EFT network and the second largest ATM driver in the U.S., together with its partners Ventus Networks and Lipman USA, announced today the availability of its next generation wireless ATM service, Genpass Wireless. Genpass Wireless uses Ventus Networks’ CDMA technology, the latest in wireless digital data services, to allow ATMs to process transactions without traditional telephone line connections. 

“Genpass Wireless is not just a solution for mobile ATMs” said Tom McHugh, Chief Operating Officer for Genpass Technologies.  “This service combines the transaction speeds of a dedicated lease-line with costs that can be even lower than a dial-up connection.  And with Genpass Wireless the cost and time required to install or relocate an ATM is significantly reduced.” 

“It combines the best of both the lease-line and dial-up worlds,” said Ron Riva, VP Operations for Ventus Networks, which partnered with Genpass to deliver the service. 

Genpass Wireless can support Lipman ATM’s configured for dial-up or TCP/IP communications.  The first ATM to be certified on the new service was the Nurit 6000 manufactured by Lipman.  “This is another example of Lipman’s leadership in delivering high quality, cost effective solutions for ATM deployers. Wireless Service is the next step in cost effectiveness for ATM’s,” said Randall Wheeler, EVP of Sales and Marketing for Lipman USA.

The companies expect the wireless service to be a popular alternative to dial-up for many off-premise deployments and to lease-line for many financial institution ATMs.  “Genpass Wireless is a quantum leap in ATM performance, flexibility and cost,” said Genpass’ McHugh.  “We’ve had this service running on some of our own ATMs for several months.  The performance, costs and security features are exceptional.”

About Genpass Inc.
Genpass, Inc., with headquarters in Pennsylvania, is a leading provider of PayCards. Genpass also manages the MoneyPassâ, EFT network through its Irving, Texas-based subsidiary Genpass Technologies, LLC.  Genpass Technologies, which drives ATMs and processes cards in all 50 states, is listed in ATM and Debit Card News (July 25, 2003) as the second largest third party ATM driver in the U.S. and in The EFT Data Book (2003 edition) as one of the largest transaction processors in the U.S., driving approximately 31,000 ATMs located throughout the country.  Genpass processes over 360 million transactions annually.  Genpass is the only top processor to offer a vertically integrated product suite that includes every aspect of ATM driving, transaction processing, debit card and specialty card services, plus ATM maintenance and supplies from a single source.

About Ventus Networks
Ventus Networks, LLC with headquarters in Connecticut, provides a full suite of advanced telecommunication networking solutions, from a comprehensive portfolio of local-to-global business data, secure cellular CDMA/GPRS (wireless) data, Internet and voice services with best-in-class customer service in the industry.  Ventus Networks’ secure cellular solution has operating units in all regions of the US and currently has commitments for over 1600.  Ventus Networks supports all sectors, especially those that rely on transporting highly secure financial oriented data traffic through remotely deployed devices, banking and financial trading institutions.
 
About Lipman
Lipman Electronic Engineering Ltd. (NASDAQ, TASE: LPMA) is a leading worldwide provider of electronic payment systems. Lipman develops, manufactures and markets a variety of handheld, wireless and landline POS terminals, electronic cash registers, retail ATM units, PIN pads and smart card readers, all under the NURIT® brand name. In addition, Lipman develops technologically advanced software platforms that offer comprehensive and customized transaction processing solutions for its customers.

Lipman’s corporate headquarters and R&D facilities are located in Israel. Lipman also maintains offices in the US, Turkey, China, Spain, Russia, Italy, Canada and Latin America. Lipman USA is a wholly-owned subsidiary of Lipman Electronic Engineering Ltd.
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About GTCR Golder Rauner, LLC
GTCR Golder Rauner, LLC, a leading private equity investment firm, owns and operates Genpass Inc., the parent company of Genpass Technologies, LLC, and its subsidiaries.  GTCR currently manages more than $6 billion in equity capital invested in companies providing transaction processing, information technology services, financial services and marketing services.