BancTec to Provide Back Office Processing and Call Center Services for Payment Card Technologies

LONDON - BancTec Ltd., a global provider of advanced, high-volume, document and payment processing services and solutions, today announced that it has signed a five-year agreement with Payment Card Technologies (PCT) in which it will deliver IT outsourcing and call center services to support PCT’s fast-growing prepaid card business. PCT integrates banking services and technical infrastructure to provide one of the most robust, reloadable prepaid card systems for businesses around the world, including talkSPORT, Cash Generator and International Bank of Ghana.

Within the agreement, BancTec will support back office process work for PCT, enabling PCT to expand internationally and build upon its leadership position in the movement from paper check processing to electronic card transactions. The outsourced IT services BancTec will provide for PCT include web hosting, software support and application development for both existing and new customers. In addition, BancTec will manage PCT’s call center, which provides end-user support and resolves general account holder inquiries.

“The demand for specialized prepaid cards is expanding rapidly in the UK and throughout Europe,” said Frank Lambe, Executive Chairman, PCT. “BancTec’s services will support us as we grow to meet this demand, primarily by allowing us to focus on our customers and products, not back office operations.”

“We look forward to working with PCT to help grow its business and expand its service offering,” said Steve Downey, General Manager, BancTec Ltd. “With the flexibility provided by our network of IT service and call center facilities, PCT will be able to rapidly fulfil new customer requirements in the ever-expanding prepaid card market.”

PSE Consulting estimates that there are currently 2.3 million prepaid cards in the UK. By 2010, the market is expected to grow to more than 70 million cards. Also by 2010, prepaid card market turnover in EMEA will reach approximately euro 75Bn.

About Payment Card Technologies

The Payment Card Technologies team brings together many years of experience in the financial services and prepaid card industries. We have the depth of experience necessary to deliver effective and innovative solutions in a fast moving, dynamic and global industry. Retailers, online merchants, large and small corporations are all benefitting from our customised and flexible prepaid card solutions.

Originally founded in the North of England, we operate out of London and Chester, UK and provide services to businesses around the world. Through special relationships with our strategic partners incorporating banking and technical infrastructure, PCT provide one of the most robust reloadable prepaid card systems available in the market today. Exceptional technology, speed-to-market, superior service and continuous innovation is core to our operation.

About BancTec

BancTec helps clients around the world simplify the process of managing their information. Founded in 1972, the company provides a wide range of solutions for automating complex, high-volume and data-intensive business processes for clients in the financial services, healthcare, manufacturing, government, services and utilities industries. BancTec’s offerings include business solutions, business process outsourcing, and infrastructure services. With headquarters in Dallas, BancTec serves clients in 50 countries. For more information on how BancTec can help you optimize information management, visit www.banctec.com or call 1-800-BANCTEC.

Forward-Looking Statements

All statements in this press release that do not directly and exclusively relate to historical facts are “forward-looking statements” describing BancTec’s objectives, targets, plans, strategies, costs, anticipated capital expenditures and expected cost savings. These statements represent BancTec’s intentions, plans, expectations and beliefs, and are subject to risks, uncertainties and other factors, many of which are outside the Company’s control. These factors could cause actual results to differ materially from such forward-looking statements. For a written description of these factors, see the section titled “Risk Factors” in the Company’s Registration Statement on Form S-1, as amended, initially filed with the Securities and Exchange Commission on August 8, 2007. The Company disclaims any intention or obligation to update these forward-looking statements whether as a result of subsequent events or otherwise except as required by law.

Source: BancTec Ltd.

James Silcock of BancTec Ltd., +44-01753-778750, james.silcock at banctec.co.uk