EPN and TROY Group Inc. Partner to Provide an Innovative Solution as Fed Phases Out ACH Origination Option NEW YORK, Feb. 1 /PRNewswire/ -- The Electronic Payments Network (EPN), the ACH business of The Clearing House Payments Company L.L.C., today announced the addition of an ACH Origination software module to help community banks and credit unions offer more advanced ACH payments services. ACHOrigination is being added to EPN's suite of ACH processing software, PCAIMS, and was developed with TROY Group, Inc., (Pink Sheets: TROY), an industry leading ACH software provider. ACHOrigination enables financial institutions to bring in-house their ACH origination activities and significantly reduce their ACH origination costs. ACHOrigination is structured to take data in numerous formats -- spreadsheets, flat files -- and convert them into the standard ACH format. Common applications include direct deposit of payroll, disbursement of funds for expense payments, pensions, annuities, electronic tax payments, cash concentrations, child support, health care remittance, ENRs, collection of membership fees, contributions, and premiums. EPN decided to offer ACHOrigination after the Federal Reserve removed the ability for financial institutions to create ACH items in its new ACH software offering. EPN chose TROY Group because of its comprehensive, high-quality service and product offerings, as well as its domain knowledge and server-based expertise in ACH origination and processing solutions. "EPN's ACHOrigination provides community banks and credit unions with a cost-effective, easy-to-use solution to initiate ACH transactions," said Rossana Salaris, Senior Vice President of The Clearing House, responsible for EPN. "ACHOrigination complements the comprehensive suite of payments services in EPN's PCAIMS and is another reason to partner with EPN to process your ACH payments." Patrick Dirk, Chairman and Chief Executive Officer of TROY Group, Inc., said: "Financial institutions need a high-quality solution to process their ACH transactions as the Federal Reserve discontinues its current ACH product. TROY's world-class software fulfills this need." ACHOrigination is available to EPN customers for $100 per month and is backed by EPN's customer support team. PCAIMS is EPN's Windows-based, interactive system that manages a wide range of ACH processing functions for hundreds of small- to mid-tier institutions across the country. For more information about EPN's ACH Origination service, visit http://www.epaynetwork.com/ or contact Bill Cronin, 201.319.5522, . About EPN and The Clearing House Payments Company The Electronic Payments Network (http://www.epaynetwork.com/), a payments business of The Clearing House Payments Company, is the only national private-sector ACH operator in the United States. Its membership consists of more than 1,600 commercial banks, credit unions and savings banks. The Clearing House (http://www.theclearinghouse.org/) is a private-sector, global payment systems infrastructure that clears and settles more than 20 million payments for $1.5 trillion per day. The Clearing House manages payment services that span the entire spectrum of paper, paper-to-electronic and electronic payments. About TROY Group TROY Group, Inc. ("TROY") is a worldwide provider of secure payment solutions. Our security printing solutions include high-security check printing hardware, software and consumables for security printing and payment applications. Our ACH (Automated Clearing House) software includes ACH processing and origination software and consulting services. We sell and service our products to major corporations, banks, key government accounts and distributors worldwide. Visit TROY at http://www.troygroup.com/. Forward-looking statements of TROY (statements that are not historical fact) in this news release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Certain important factors could cause results to differ materially from those anticipated by the statements made in this release, including the timely and successful development and integration of products; the market acceptance of products; the ability to continue to develop and market products; TROY's ability to refocus its management and resources on these emerging technologies; the ability to hire and retain qualified management, technology and other personnel; the impact of competition from existing and new technologies and companies; the ability to identify and assimilate acquired companies and technologies; the continued demand for printed documents; and the other factors set forth in TROY's periodic reports and other documents. DATASOURCE: The Clearing House CONTACT: For EPN: Chip Savidge, +1-212-613-9896, Mobile: +1-917-576-0957, , or Greg Berardi, +1-415-239-7826, Mobile: +1-415-672-2377, ; or Myra Erickson of the TROY Group, Inc., +1-949-798-4644, Web site: http://www.epaynetwork.com/ http://www.theclearinghouse.org/ http://www.troygroup.com/

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