Westport, CT – March 8, 2004 – E-Tran announced today the hiring of Jan Salzman, AAP as its new Chief Operating Officer and Chief Compliance Officer.

Ms. Salzman's background includes over 35 years of experience in bank operations, being the Executive Director of the Midwest ACH Association and a senior ACH/Electronic Payment Product Manager at The Northern Trust Company. In addition, Ms. Salzman is a frequent speaker for NACHA, the AFP, regional ACH Associations and TMA Chapters and the Federal Reserve.

"As E-Tran's base of financial institutions that it supports has continued to grow, we believed that it was important to bring someone with Jan’s proven track record and industry presence to our team," stated Scott C. Nevins, E-Tran’s CEO. "In addition, given E-Tran’s unique relationship with the Federal Reserve as a Sending Point, Jan's experience and industry trust are critical elements to our overall success."

E-Tran is a leading IT Financial Services Company. It enables Financial Depository Institutions (FIs) to offer their customers secure, reliable, high volume online ACH cash management services. E-Tran makes it possible for the community banks and regional banks to offer even more robust ACH cash management services than the much larger financial institutions. E-Tran’s WebAccess and Electronic Lockbox products enable FIs to earn significant fee based income while providing more comprehensive services to their clients. E-Tran is one of a select group of non-financial institutions that the Federal Reserve has approved as a Sending Point with its own ETI Routing number that enables to E-Tran to transmit secure and reliable transactions on behalf of its customers. For more information contact (866) 50-ETRAN (503-8726) or visit us at www.e-tran.net