Transact Network is a "First" for Visa Europe

GIBRALTAR, June 10, 2010 - Transact Network, the European BIN sponsorship and prepaid services
provider, today announced that it is the first Gibraltar prepaid card issuer
to become a Principal Member of Visa Europe. Part of the global Visa network,
Visa Europe is an association made up of 4,147 European banks and financial
institutions.

Tobias Schreyer, Managing Director of Transact Network, said: "We are
thrilled to become a Principal Member of Visa Europe. Transact Network has
been delivering prepaid card services across Europe since 2008 and we are
delighted that our existing cardholders and business partners will now
benefit from Visa Europe's dedicated European electronic payment systems. The
decision is a ringing endorsement of the proprietary prepaid systems that
Transact Network has developed over the past few years."

"We now look forward to working closely with Visa Europe and both our
existing and potential partners to ensure these benefits are enjoyed by
prepaid card program managers across all the EU and EEA member states,
whether they are looking for BIN sponsorship or modular prepaid services such
as card printing and fulfilment, card processing, multilingual customer
support, localised country loading and mobile banking."

About Transact Network.

Transact Network Limited is a regulated and licensed MasterCard and Visa
principal member providing European BIN sponsorship and prepaid card program
management services. MasterCard and Visa principal members are financial
institutions that are able to issue cards for use on the MasterCard and Visa
Networks.

Transact Network issues Visa and MasterCard physical and virtual prepaid
cards. The Company's electronic money license has been successfully
passported into every EU and EEA member state enabling the issuance of
prepaid card programs across Europe.

The company's proprietary modular prepaid service platform is fully
integrated with many leading processors including Carta, ecommlink, FIS, M2
and PetaFuel and can also integrate with client proprietary processing
systems, enabling flexibility, cost-efficiency, fast program implementation
and reliable ongoing management. Multi-lingual project teams are dedicated to
service client prepaid card programs.

Transact Network clients include regulated financial institutions,
financial services companies, marketing organizations, mobile phone
operators, retail chains, large and small corporates, and governments.

About Visa Europe

In Europe, there are over 390 million Visa debit, credit and commercial
cards. In the 12 months ending December 2009 those cards were used to make
purchases and cash withdrawals to the value of EUR1.4 trillion. 11.2% of
consumer spending at point of sale in Europe is with a Visa card.

Visa Europe is owned and operated by more than 4,000 European member
banks and was incorporated in July 2004. In October 2007, Visa Europe became
independent of the new global Visa Inc., with an exclusive, irrevocable and
perpetual licence in Europe. As a dedicated European payment system it is
able to respond quickly to the specific market needs of European banks and
their customers - cardholders and retailers - and to meet the European
Commission's objective to create a true internal market for payments.

Visa enjoys unsurpassed acceptance around the world. In addition,
Visa/PLUS is one of the world's largest global ATM networks, offering cash
access in local currency in over 200 countries.

For further information on Transact Network visit
www.transactnetwork.com or contact Pete Burgess at
corp_com@transactnetwork.com or +34-662-601-117

For more information on Visa Europe, visit www.visaeurope.com

For further information on Transact Network visit www.transactnetwork.com or contact Pete Burgess at corp_com at transactnetwork.com or +34-662-601-117