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(Holly Springs, NC-November 28, 2001) Paragon Application Systems, a leading provider of electronic funds transfer (EFT) software and services, is pleased to announce that its products, ATMulator™ and FASTest™, have been licensed by NYCE Corporation, one of America's leading electronic payments companies.

ATMulator and FASTest are components of Paragon's WorkSmart ATM Suite™, a complete package of PC-based solutions designed to create, test and maintain Automated Teller Machine (ATM) interfaces. ATMulator provides a complete simulation of ATM models from Diebold and NCR, allowing the user to test transactions, view receipts and journal data, and test device faults and command rejects, directly from a PC. FASTest offers a fast, easy way to test ATM and EFT transactions in concert with terminal driving applications.


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NYCE Corporation's EFT Processing Services business unit provides financial institutions with real-time processing services that support ATM management and monitoring services, gateway access, and debit card issuance and authorization solutions. In addition, NYCE operates the NYCE Network, one of America's largest shared regional electronic payments networks, which provides financial institutions and retailers with shared network services for automated teller machines (ATMs), on-line debit point-of-sale and electronic benefits transfer transactions.

"Our goal is to provide exceptional levels of service and help our clients provide their customers with fast, reliable, secure access to their deposit accounts - no matter how or where they choose to make that connection," said John Berg, Director of Alternative Delivery Services for NYCE. "Paragon's ATMulator and FASTest help NYCE ensure that our service always meets or exceeds our customers' expectations."

"We're extremely pleased to add NYCE to our customer base, and look forward to working with them on new and updated applications that will further enhance their services," said Gary Kirk, President of Paragon.

Paragon Application Systems provides ATM and EFT software and services exclusively to the financial industry. With more than 90 financial institutions in 15 countries using over 250 products, Paragon is the leader in the design and implementation of ATM design and test tools as well as ISO 8583 testing and middleware solutions. Paragon is proud to be named a Diebold Partner Information Xchange (PIX) member and an NCR Strategic Business Partner.

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