Westport, CT – October 3, 2004 – E-Tran announced today the hiring of Kernie Brashier, as its new Chief Technology Officer.

Mr. Brashier brings twenty years of hands-on experience operating large-scale financial transaction processing systems. He most recently was the Vice President of Technology for InterCept where over 170 million transactions valued at $4 billion were processed over the last year for over 500 financial institutions. His background includes entrepreneurial experience building and selling a high transaction processing service organization whose customers included The Federal Mint, American Airlines, AT&T and others.

"Our customers demand world class web-based ACH cash management and electronic lockbox service from E-Tran," stated Scott C. Nevins, E-Tran’s CEO. "Kernie's proven track record delivering these type of services to financial institutions will continue to position E-Tran as the leading provider of web-based ACH cash management services for the financial industry."

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