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Paystar Signs Agreement with A Leading Bank In Qatar


FOR IMMEDIATE RELEASE:

CONTACT: Tim Wood, Paystar, Inc, 1-702-430-1659 or tim.wood@paystar.net

Las Vegas - April 6, 2012 - Paystar has come to terms with a Major International Bank to launch our payroll and remittance software in Qatar for servicing the UAE, Kuwait and Qatar markets with the ability to expand to the entire region.

Our partner Bank has agreed to install our services software in their in-house data center as a fully redundant high-availability server solution along with an off-site disaster recovery installation.

This agreement includes providing our complete remittance solution to the bank's immigrant worker customers in the Middle East region. The platform provides for enrolling consumers, know-your-customer and OFAC checking as well as mobile telecom (Mobile Banking) remittance and a live customer service center for the region. Paystar is closing the loop with several banks in India, Sri Lanka, Nepal, Bangladesh, Philippines and Indonesia to complete the beneficiary portion of the agreement with the Bank.

“Having a fully supported high-availability load balanced data center along with a hot-failover regional disaster recovery server installation seals Paystar's presence in the Middle East as a permanent provider of financial services to our Regional and International Bank clients, said Tim Wood, President of Paystar's Global Operations.

About Paystar, Inc.

Founded in 2004, Paystar is a remittance and payments technology company, providing electronic payment services and process as a service solutions that deliver convenience and cost-savings to banks, businesses and consumers. Translink currently has agreements with banks and technology providers in North America, the Middle East, Africa and SE Asia to provide pre-paid, remittance, mobile payments, merchant acquiring and B2B vendor payments services domestically and internationally.



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