First Wireless Handheld Check and Credit Card Processing Solution Launched by Commerciant(R); Mobilescape(R) 5000 Eliminates Bounced Checks, Enables Payments Everywhere

HOUSTON--(BUSINESS WIRE)--March 13, 2006--Commerciant LP, the leader in wireless payment processing solutions, today announced the launch of the Mobilescape 5000, the market's first wireless handheld device that accepts and processes both checks and credit cards in a single, integrated device. For the first time, mobile workers such as residential service providers, delivery service personnel, and merchants on the go can accept checks and credit cards with the peace of mind that checks won't bounce and credit cards are processed immediately. With the flexibility of accepting both checks and credit cards on the spot, merchants can now drive more revenue, lower business risk, and increase customer satisfaction.

For the millions of merchants who take payments in the field, the "cashless economy" is a growing reality: a 2004 study issued by the U.S. Federal Reserve stated that electronic payment transactions grew to 44.5 billion and nearly 37 billion check transactions occurred in 2003. Yet, for a merchant who cannot easily and securely process checks and credit cards in the field, bounced checks, lost checks, and "card not present" credit card transactions all threaten the bottom line.

The launch of the Mobilescape 5000 provides merchants with a total solution that includes hardware, software, integration services, wireless service, transaction processing, and 24x7 customer support and maintenance. The Mobilescape 5000 minimizes time-consuming trips to the bank to deposit checks, and since checks are converted to electronic payments, funds are available faster, often by the next business day. With check verification and guarantee services, the Mobilescape 5000 relieves merchants of the financial risk of bounced or lost checks.

Prior to the launch of the Mobilescape 5000, check scanning in the field was difficult and cumbersome. The check scanners that could be used away from fixed locations required bulky attachments, additional equipment and power sources, leading to practically no use of these devices in the field. The Mobilescape 5000 uses a patented system for variable velocity scanning, which reliably converts the check information to an electronic payment. Along with electronic signature capture and instant online access to stored signatures and receipts, merchants now have the power and flexibility to accept payments on their customers' terms while being assured that the transactions result in funds received.

"We expect the Mobilescape 5000 will enable millions of merchants in businesses from home services to food delivery to increase revenues and reduce financial risk," said Timothy D. Davis, chief executive officer of Commerciant, LP. "Millions of at-home customers still expect to write checks for onsite services, and now for the first time, the Mobilescape 5000 gives the merchant the power to accept and process credit card and check payments everywhere. The customer wins by paying how they want, and the merchant wins by making more money and eliminating the risk of bad payments."

Mobilescape features

-- 1 lb 4.1 oz. without paper

-- 6000 transaction storage capacity

-- Onboard thermal printer

-- Patented, variable-speed OCR check scanning technology

-- CDMA modem with 144 kbps data rate

-- Powerful Lithium-ion battery with sleep mode life of over 2 weeks; runtime of 10 hours with intermittent use

Commerciant engineers, designs, customizes, activates and supports its wireless solutions from start to finish, and manufactures all devices in the United States. The Mobilescape 5000 will be commercially available in mid-April, 2006, and will retail for $899. For more information, please download the product data sheet at www.commerciant.com or call Richard Howell at 713-735-5526.

Media and editors

To schedule a demonstration, visit the company at one of these upcoming trade shows:

-- International Pizza Expo; Las Vegas, March 13

-- ACCA Conference and Indoor Air Expo; San Jose, March 28

-- ETA Annual Meeting; Las Vegas, April 18

About Commerciant(R), LP

Commerciant, LP is the leader in wireless, handheld payment processing technology. The company's Mobilescape(R) solution enables its customers in industries such as residential services, restaurants, airlines and delivery services to accept credit card and check payments everywhere, delivering increased revenues and operational efficiency while reducing risk. Designed and manufactured in the U.S., Mobilescape provides Commerciant's customers with a complete wireless credit card and check payment processing solution that includes hardware, software, integration services, wireless service, transaction processing, support and maintenance. For more information, visit www.commerciant.com.