Innovative Processing Solutions Introduces FactorLane.com, Online Factor Bidding Network

CHATTANOOGA, Tenn. (Business Wire EON) November 16, 2007 -- Craig Fuller, CEO of IPS and the FactorLane.com founder, realized the need for a competitive marketplace for factoring after years of experience in the transportation industry. "Liquidity is essential to the success of any company. Until now, finding the best rate from the right factor had been a tedious process. We have streamlined the application and underwriting processes to make it easier for companies to access the capital they need immediately." Further, despite the current size of this growing industry, Al Chapman, Jr, VP/GM of FactorLane.com, believes the industry will easily double in size over the next 5 years: "There is a growing need for Factoring. Every year, the amount of time it takes companies to pay their invoices increases. Currently, small and mid-sized companies take an average of 34.8 days to pay their invoices, while large companies are averaging as high as 67 days. Additionally, there are many small companies wanting to do business with a large company, but cannot afford to have capital tied up for months - FactorLane.com solves the problem."

For IPS, a provider of turn-key prepaid debit and MasterCard and Discover-branded debit cards, the introduction of FactorLane.com provides an ideal platform from which to launch its technologies and services to a wider audience. "We look forward to expanding our program to many other levels, industries and marketplaces," adds Craig Fuller.

About IPS

IPS, LLC is an industry leader in electronic transaction processing services both domestically and internationally. IPS offers electronic funds transfer services including direct-to-card payroll technology, electronic fuel and transaction processing, and global money remittance and payment services. We process over $960 million in electronic transactions annually and expect to reach $1.2 billion in 2007.

About FactorLane.com

FactorLane.com (www.factorlane.com) is a subsidiary of IPS, LLC, and is based in Dallas, TX. Launching December of 2007, FactorLane.com is revolutionizing how companies access capital from Factors. The company's competitive factoring marketplace assures business owners that they are receiving a competitive rate from a qualified factor. The company also provides Factors with an instant payment processing and debit card solution through its partner, TransCard (www.transcard.com).