April 19, 2004

Rochelle Park, NJ, April 19, 2004 . . . NationalCard Processing Systems announced today the signing of a merchant credit card processing agreement with Spencer Savings Bank of Elmwood Park, New Jersey.  The agreement calls for NationalCard to process and assist in the bank's marketing efforts for soliciting and signing new merchant clients for credit and debit card processing as well as provide all support functions associated with the ongoing servicing of these commercial accounts.  

“Spencer Savings is a community bank in North Jersey with over 1.4 billion dollars in total assets and has served the local communities for over 60 years; Spencer will make meaningful inroads by enhancing their overall suite of product offerings,” said Robert J. Abate, Executive Vice President of NationalCard's Agent Bank group.   

“We are pleased to have finalized this agreement with NationalCard and look forward to combining our resources in order to benefit our customer base.  NationalCard's reputation for high quality service and support uniquely fits into our ongoing marketing efforts which will undoubtedly enhance Spencer's overall position in the marketplace,” said John Fitzpatrick, Senior Vice President of Retail Banking.

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NationalCard Processing Systems

201 West Passaic Street Suite 101

Rochelle Park, New Jersey  07662

Contact:  Robert J. Abate, EVP Agent Banks

201-845-0400