MerchantWARE Mobile Paying Big Dividends for Merchants Using On-the-Go Payment System

Mobile applications popular among private investigators, fitness experts, delivery personnel and trade show vendors where convenient and safe style of pay is a premium

BOSTON, MA — February 23, 2010 — Merchant Warehouse, a premier provider of merchant accounts and mobile credit card processing solutions, today announced significant traction of its mobile payment processing applications, released for the iPhone, iPod Touch and Blackberry last Spring. Continued adoption of these applications and increase in their use has proved mobile processing is a very convenient means of conducting business while on the road for small and mid-sized businesses.

Since introduced last April, over 15,000 applications have been downloaded for the iPhone and Blackberry versions from Merchant Warehouse’s web site. April, the first month the application was available for the iPhone, was the most active month for downloads. On average Merchant Warehouse signs over 200 merchant accounts per month with their mobile applications. Each mobile application requires a Merchant Warehouse merchant account and can have an unlimited number of users on a single merchant account.

Brian Bucksell, who is president and founder of The Bucksell Group, a private investigative firm in Washington, D.C., has been using MerchantWARE Mobile’s Blackberry version for eight months. The ease of use and convenience of not having to carry around a bulky POS system is most beneficial.

“Before MerchantWARE Mobile I had a phone-line machine,” said Bucksell. “I was looking at wireless while carrying around another piece of equipment but wanted to eliminate all of that. After I found MerchantWARE for my Blackberry I was able to. It’s very convenient and user friendly.”

Because he is dealing with a lot of personal and highly sensitive information, Bucksell is thankful that he is able to take their payments whenever or wherever he has the opportunity to meet with these clients.

Brian Albrecht, owner of Fitness in Form, a private, personal training business in Virginia, finds the Blackberry version of the MerchantWARE mobile application also to be incredibly convenient.

“I like its portability. I can take it out of my pocket and run a credit card through it on the spot,” explained Albrecht, who meets clients at their home or their gym. “The cash is in my savings account within one to three days. It works for me as I’m on the go.”

“We continue to see an increase in downloads of MerchantWARE Mobile payment processing applications by those merchants who are often ‘on-the-go’,” said Henry Helgeson, co-CEO of Merchant Warehouse. “The continued success of these innovative applications is not a surprise to us. As an increasing number of the workforce goes mobile, these mobile payment applications meet their needs and enable them to conduct business anywhere, anytime.”

Albrecht’s Blackberry with the MerchantWARE Mobile application is synced with the MagTek Bluetooth credit card reader. The card reader encrypts all credit card data at the point of swipe before it is accessed by the mobile device, and the data is then securely transmitted and stored at the Merchant Warehouse gateway and data vault. Sensitive information is never stored on the mobile device itself, so merchants and customers have peace of mind knowing their card data information is safe.

With a growing need for convenient payment options, on-the-go businessman like Albrecht and Bucksell, can easily and securely accept credit cards wherever their business takes them. With MerchantWARE Mobile applications, businesses will save time and money with immediate payment approvals as well as the convenience of automatic email receipts. MerchantWARE Mobile is ideal for any 'on-the-go' business that needs to accept credit card payments securely, easily and in real-time. And, coming this March, Merchant Warehouse will release applications for Windows Mobile and Android.

About Merchant Warehouse

Since 1998, Merchant Warehouse has set the standard for credit card processing by guaranteeing competitive pricing in merchant accounts, software, equipment, and providing dedicated, high quality customer service. Over 80,000 merchants later, the company continues to lead the industry with groundbreaking technology initiatives: MerchantWARE®; BINsmart™; and MerchantWARE Mobile. Merchant Warehouse has been named the ETA 2009 ISO of the Year, Business Solutions’ Best Channel Vendor for 2009 & 2010 and is a two-time recipient of the Boston Business Journal Pacesetter Award. Merchant Warehouse co-CEO, Henry Helgeson, was also named Ernst & Young Entrepreneur of the Year 2009 for New England. The company is committed to community and charitable involvement. For more information, please visit http://merchantwarehouse.com or follow us on Twitter at http://twitter.com/MWarehouse.

About Xsilva

Xsilva Systems makes a comprehensive suite of retail tools under the LightSpeed brand that are tailored to the Mac platform and intended to help individual retailers and small retail chains grow and manage their businesses more effectively. LightSpeed makes managing a retail business as easy as click, drag and drop, and features a powerful front-counter point of sale solution. It also features extensive quoting, ordering and invoicing capabilities, label and barcode printing, reporting, inventory management, customer profiling and tracking, credit-card processing, gift cards, multi-store lookups and stock transfers. Add-on module LightSpeed Web Store allows retailers to generate and maintain a customizable PHP- and CSS-based e-commerce site from their LightSpeed database.

Contacts:

Marianne Rocco, Marketing Director

Merchant Warehouse

800.941.6557 x2051

mrocco@merchantwarehouse.com

Meghan Welborn / Michael Sullivan

PAN Communications

978.474.1900

merchant@pancomm.com