IRN Payment Systems/PartnerAmerica, Forms Partnership with First Funds, LLC

November 11, 2005 - Westbury, NY —IRN Payment Systems/PartnerAmerica, a leading provider of payment processing services and hardware solutions, announced it has partnered with First Funds, LLC to provide a cash-advance program that targets mainstream businesses in the U.S. market.

The news announcement emphasized that the program is designed to help IRN’s ISOs, and prospective ISOs, broaden and deepen sales and become more competitive in select marketplaces. Merchants who regularly have trouble getting bank loans can use the program to sell their future receivables for cash today, with no personal guarantee. They only have to pay back a small portion of each daily batch.

"The alliance with First Funds gives IRN merchants the ability to build and expand their businesses with an unsecured cash advance based on previous processing volume, while allowing a fluid cash flow each month”, said Tom Della Badia, Vice President of Sales, IRN. "For the ISO, the program provides the competitive advantage to acquire new merchants and locks the merchant in to protect residuals. ISO's get paid full commission at the time of the funding, not at the completion of the advance. Also, commissions on the program can often equal up to three years worth of residuals."

First Funds Vice President of Marketing, John Wiegand stated, "We're excited about the alliance with IRN Payment Systems. Through their vast network of ISOs, we're sure to penetrate markets and market segments that are very much in need of this program. Since the advance is unsecured, the application process is faster than with a bank. Also, the pay back is automatic, and once approved, the advance is wired directly to the merchant’s bank account."

About IRN Payment Systems/PartnerAmerica (www.irnpayment.com)
IRN has provided electronic payment processing solutions to businesses nationwide for over 17 years. Services include credit card and check/debit processing for merchants, retailers, manufacturers, distributors and wholesalers of all sizes, from individual facilities to multiple and chain operations.

About First Funds, LLC (www.Firstfunds.com)
First Funds, LLC has provided cash to mainstream businesses in the US marketplace for over five years. The financial services that First Funds provides to qualified small and mid-sized businesses are aimed at helping them build and expand their business.