Creditron Rebrands Flagship Payments Processing Platform

ROCKVILLE, MD, October 19, 2008 – Creditron today announced ItemAge Express, a rebranding of its flagship RP$ and ItemAge payments processing platforms.  Positioned to target a wider range of users than the individual legacy solutions, ItemAge Express builds upon the integration of Creditron and Netvantage, the two companies that originally developed RP$ and ItemAge.

ItemAge Express is built on Creditron’s successful RP$ platform, as well as Creditron’s extensive experience in supporting a variety of payments and receivables applications.  As part of today’s announcement, Creditron no longer will market the legacy ItemAge platform to new customers.  Existing ItemAge users are unaffected by the change; they will continue to receive solutions support and will have the opportunity to upgrade to ItemAge Express.

“Creditron continues to build on the market-leading capabilities of its payments solutions.  The introduction of ItemAge Express better positions us for success by streamlining our product lines and support services, and providing a foundation for our next generation solutions platform,” commented Creditron President Wally Vogel.  “To Creditron, it’s all about enabling advanced payments processing – helping our customers highly align receivables management with business processes to cut costs, enhance client relationships, increase fee income, and position themselves for growth.”

Over the next 18 months, Creditron will release the next generation of ItemAge Express to deliver enhanced capabilities that are tailored to the payments automation requirements of banks, financial services companies, utilities, government organizations and other markets.

Creditron will demonstrate ItemAge Express in its expo hall booth (No. 1510), at the 2008 AFP Annual Conference, to be held October 19-22, at the Los Angeles Convention Center.

About Creditron

Creditron is a leading provider of payment processing, distributed capture, receivables management and electronic billing and payment solutions.  Its solutions combine industry standard operating systems and advanced imaging, scanning and data recognition technology to help financial institutions, businesses and other entities optimize operations performance and improve customer service.  The company’s over 350 North American customers process more than 400 million transactions annually, representing over $100 billion.  For more information, visit www.creditron.com.

Creditron is a registered trademark of Creditron Canada, Inc.

Contact:  
Bill Genard,
Creditron
603.772.1499
bgenard@creditron.com