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Visa U.S.A. Selects EPIQ Systems Technologies For Communications Infrastructure

SAN FRANCISCO, April 5 /PRNewswire/ — EPIQ Systems, Inc. (Nasdaq: EPIQ) today reported that Visa U.S.A., the leading payment brand and largest worldwide payment system, has adopted EPIQ Systems’ Data Express software product for its communications infrastructure. Sara Garrison, senior vice president of technology management at Visa U.S.A., said, “EPIQ Systems provides market leading solutions for high availability, fault tolerant open file delivery in a flexible, secure environment.”
Visa U.S.A. will use Data Express to automatically route critical data used in its business operations. The Data Express product includes a complete library of features that assist corporate customers to transfer, format and secure files using a wide variety of communications protocols.
Christopher E. Olofson, president and chief operating officer of EPIQ Systems, said, “This implementation at Visa U.S.A. is a reflection of Data Express’s leading market position and of the potential this product has to serve top financial services companies worldwide.”
Visa U.S.A. is the leading payment brand and the largest payment system worldwide, with more volume than all other major payment cards combined. Visa plays a pivotal role in advancing new payment products and technologies to benefit its 14,000 U.S. member financial institutions and their cardholders. There are more than 330 million Visa credit, commercial and check cards, which generate more than $660 billion in annual transaction volume. Visa-branded cards are accepted at over 17 million locations worldwide, including some 500,000 ATMs in the Visa/PLUS Global ATM Network.
EPIQ Systems, Inc. is an innovative developer of software tools for communications infrastructure required to support open file delivery and B2B e-commerce in the burgeoning Internet-based economy. The company reiterated that it is changing its name to EPIQ Systems, Inc. from Electronic Processing, Inc.
NOTE ON FORWARD-LOOKING STATEMENTS: This press release contains forward- looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including those relating to the possible or assumed future results of operations and financial condition of the Company. Because those statements are subject to a number of uncertainties and risks, actual results may differ materially from those expressed or implied by the forward-looking statements. Important factors concerning these risks are discussed from time to time in the company’s filings with the Securities and Exchange Commission. In addition, there may be other factors not included in the Company’s Securities and Exchange Commission filings that may cause actual results to differ materially from any forward-looking statements. The company undertakes no obligation to update any forward-looking statements contained herein to reflect future events or developments.
SOURCE EPIQ Systems, Inc.