Hastings Mutual Insurance Company Renews Agreement with Standard Payments

October 4, 2004

Detroit, MI – October 4, 2004 – Standard Payments, LLC, the majority-owned merchant services subsidiary of Dallas-based payments services company Transactional Technologies, LLC, and Hastings Mutual Insurance Company of Hastings, MI have renewed and expanded their payment processing services agreement.

Under the renewed agreement, Standard Payments will continue as Hastings Mutual’s exclusive provider of credit and debit card transaction processing and merchant account management services, and provide Hastings Mutual with access to its JetPay transaction recycling utility and the Visa Account Updater (VAU) service.

“Hastings Mutual is nearing completion of an upgrade to our policy management system that will enable the availability of a recurring payment option,” said Tom Dunham, Hastings Mutual’s AVP of Accounting Services. “This was a major factor in our decision to renew with Standard Payments, as they’ve consistently delivered on service commitments since our conversion in January 2002.”

“We’re pleased to have the opportunity to continue our relationship with Hastings Mutual and look forward to the implementation of additional payments-related services,” said David L. Tepoorten, President of Standard Payments. “We value the vote of confidence from Hastings Mutual and are pleased they’ll be able to leverage our position as a specialist in the recurring payments space.”

About Hastings Mutual Insurance Company

Founded in 1885, Hastings Mutual Insurance Company is an A. M. Best A+ rated company, with an outstanding reputation based on superior customer service and needed insurance products, backed by sound company finances. Hastings Mutual offers complete lines of personal, business, and farm-owners property and casualty insurance products. For more information, visit www.hastingsmutual.com.

About Standard Payments, LLC
Detroit-based Standard Payments, LLC is “Setting the Standard in Payments Delivery”® by providing transaction processing products and Visa and MasterCard merchant account support that enable its clients to convert payments acceptance technologies into business solutions. Standard Payments is an industry specialist in merchant account acquisition and management, and deploys its recommended payment options, strategies, software and solutions for credit card, debit card, prepaid/gift card, and electronic check acceptors across North America. For more information, visit
www.standardpayments.com.

Contact Information:

Aliki Liadis-Hall

aliki@jetpayms.com