Dear SysOp:

Thank you for your interest concerning American Banking Systems
Corporation and the services that we provide. We are happy to announce
our new merchant accounts for online and BBS services.  We hope the
following information of CHECKS ONLINE will be helpful to you.

Following, will be some information concerning the features of our
programs, along with the benefits that we have to offer your company..

ABS is very interested in conducting business with your company. ABS
feels that it has very definite, cost-effective programs that we can
place at your disposal, designed to both facilitate ease of ordering for
your customers, and reduce your firms operating costs.

The way our programs work is very simple. Your company allows customers
to pay for their purchase with checking or savings account over the
phone or fax. You then send those dollar transactions to ABS via fax,
our custom designed software, or in standard file format over a modem.

ABS immediately processes those transactions, and generates either an
Authorized Paper Draft (Checks Direct), or an Electronic Funds Transfer
(Dollars Direct). At this point, the money is deposited into your
account within 24 to 48 hours.

ABS does not act as a factoring company. Your customers' money is
deposited into your account 100% of the time.

ABS also offers a variety of value added services to our clients such
stringent fraud algorithms and controls, including a bad check writer
search. We also offer as an optional service Check Guarantee, whereby
your company has the security of knowing that you will receive full
payment on your item(s). Please see the following pages for additional
information.

Finally, I am sure at this point you are thinking to yourself “This
sounds like a great service, but I imagine it is expensive.  This could
not be further from the truth. In every instance, we come in below the
costs of Credit Card Processing, and shipping C.O.D.. We provide
extraordinary services at cost effective prices.

Sincerely,


Darrin Humay
David Goldfarb
Marketing Directors for SysOp Program


BENEFITS OF OUR PROGRAMS l TELEPHONE ORDER CONVENIENCE

Offer telephone order convenience to checking or savings account holders
by allowing purchases to be charged to their account!. For any service,
product, reservation, collection or donation, your telephone customers
can purchase by depository account just like they would with a credit
card. Your customers will enjoy this added convenience that your company
offers.

IMMEDIATELY EXPAND MARKET POTENTIAL

According to Financial Services Report ( July 1992 ) 48% of consumers
prefer to pay by check, with cash following at 32%, and credit cards a
mere 18%. How many sales do you miss because someone will not get out a
checkbook, write the check, fill out an order form, address and stuff
the envelope, find a stamp, and actually mail in the check with the
purchase?

AVOID THE CREDIT CARD CRUNCH

Seventy million buying consumers do not have a credit card, or they
prefer not to purchase with their credit card due to the high interest
rates and penalties for late payments imposed on them. Other card
holders have maxed out their credit cards and cannot use them. It is
conservatively estimated that $258 billion a year is spent by people who
have no credit cards!

ELIMINATE THE HIGH COST OF C.O.D.S AND CHECKS IN THE MAIL

With our programs, your company can significantly eliminate the hassles
of C.O.D.'s being returned for any number of reasons including the lost
impulse of your buyer, or your customer not being home. No more waiting
for payments that often do not come ( or come after great delay )
through the mail. Now, when your customer gets their order, it is
already paid for.

IMPROVE IMMEDIATE CASH FLOW

Not only do our programs give your customers the satisfaction of
immediate purchasing power without your company needing to extend credit
or bill monthly ( and wait for payments to arrive ), but you will stop
wondering when your payments are going to arrive. All funds from
transactions processed by American Banking Systems will be available in
your account for your use in 48 hours or less in most instances!

REDUCE RETURNED ITEM CHARGES FROM YOUR BANK

Automatic check verification insures you that your customer is not a
bad check writer. We have so much confidence in our bad check writer
database, that we make the following guarantee to all clients: If an
item does turn out to be bad, we will collect that item for free, and
then remit 100% of the collection directly to you!

GUARANTEED MONEY

If your company chooses to sign up for our optional check guaranty
service, you can actually have every item you process through American
Banking Systems guaranteed! If for some reason, an item is returned by
your bank, we will pay you 100% of the item in a timely fashion. The
collection of the item becomes our responsibility, you get paid for your
product or service!

PERFECT FOR ONE TIME OR RECURRING TRANSACTIONS

Whether your customer base tends to be the one time sale type or
consists of repeat customers ABS programs are designed to facilitate
ease of payment for your customer. On any kind of repeat business, or
even monthly billing of your customers, ABS can arrange for you to have
your customers' accounts charged automatically, without obtaining
information each month. Common clients for our programs are Bulletin
Board Systems, Charities, Direct Response Organizations, Mail Order /
Phone Order Companies, Cable Companies, Satellite Programming Companies,
etc. The applications are limitless.

ENHANCE THE RETURN OF YOUR ADVERTISING DOLLAR

Only 1 out of every 4 checking account consumers hold credit cards with
available lines of credit! No matter how effective your current
marketing campaign may be, your immediate or impulse market is being
severely reduced. Expand your market base and maximize your advertising
dollars by offering the ABS programs.


EXPEDITE DELIVERY

Orders can be shipped immediately. Your customers account information is
captured over the phone, thus reducing the time it would have taken to
mail a payment. The customer no longer needs to wait for the payment to
be received by you before the order is shipped.

OBTAIN THE ORDER FROM YOUR CUSTOMER

As always, the most important aspect of your relationship with the
customer is to obtain the order. Once the order is obtained, you are now
ready to...

LET YOUR CUSTOMER PAY BY CHECK

To make our programs work, you need to offer them to your customers.
Explain to your customer that they can conveniently pay over the phone
by check or savings account. You will find that most people are already
familiar with this type of transaction, and appreciate the convenience
and benefits.

OBTAIN YOUR CUSTOMERS INFORMATION

At this point, you will have already obtained from your customer the
vital elements to the sale, name, address, etc. The customer has agreed
to pay by check or savings account, and is ready to give you their
account information. Obtaining this information from your customer is
just about as easy as obtaining a credit card number. The primary
difference is that your customer will read the series of numbers at the
bottom of their check or savings account deposit slip. ABS provides
materials designed to enable you to train your sales staff to obtain
this information from your customers. Additionally, ABS can arrange to
provide custom training for your sales staff, to enable them to better
obtain this information over the phone, and overcome any objections that
they may have.

SEND YOUR DATA TO AMERICAN BANKING SYSTEMS

Now that you have obtained your daily orders, you are ready to send them
to ABS to be processed. ABS offers a wide variety of methods to quickly
and efficiently transmit your data. First, we provide you with a Fax
Log, which you can choose to use at any time, merely by filling in the
transaction information, and faxing it to the 24 hour ABS Fax Line.
Next, you can also use our custom designed software, which will
automatically accept your data input, and call the ABS Bulletin Board
System to send your information. A DOS or Windows PC and a Modem are
required. Finally, you can use your existing computer software. Simply
export the necessary information to a standard DBF format file, and
upload to ABS. We will supply you with our standard field layout. Any
way you transmit your data, American Banking Systems will insure that it
is the easiest, timeliest, and most cost effective method for your
company.

YOUR SALES ARE IMMEDIATELY PROCESSED

Once we receive your company transactions, ABS will automatically
process them through our bad check writers database. Depending on the
program you choose, funds will be deposited into your account within 24
to 48 hours of receipt.


ABOUT ABS / ACTIVATING YOUR ACCOUNT

ABOUT AMERICAN BANKING SYSTEMS CORPORATION

ABS and our affiliated companies have been involved in electronic
transaction processing and check drafting for over four years. Our
client base encompasses the 48 contiguous United States, Alaska, Hawaii,
and Puerto Rico. ABS does not operate as a factoring company. The money
due you from your customers does not come from us, but rather, your
customers money is deposited directly into your account. There is no
type of security or holding account needed by your company with ABS. Any
fees charged by ABS to you are deducted from your account, not your
customers’ account, after our services have been provided. You will
obtain full and complete accounting and documentation from ABS on both
the daily transactions that you submit to us, along with the associated
ABS charge(s). Checks Direct represents the Paper Draft Processing
aspect of our service, while Dollars Direct represents the Electronic
Funds Transfer ( paperless ) aspect of our service.

ACTIVATING YOUR ACCOUNT WITH AMERICAN BANKING SYSTEMS

Here at American Banking Systems, our primary concern is you, our
client. Activating your account with us is an easy process. Simply fill
out the included Business Information Form, Service Agreement, and
Credit and Debit Authorization ( with a check for your one-time set-up
fee ), and fax them to us during regular business hours. We can have
your account established for you immediately, and you can begin
processing your transactions with us the very same day! It is very
important that you send us the original copies of all documents in the
mail, so that we can complete your account activation. We will quickly
return to you executed copies. If you are going to apply for our check
guarantee service, please be sure to include the Welcome America Special
Programs Form. Welcome to the wave of the future...Checks Direct and
Dollars Direct from American Banking Systems Corporation.
 
SAMPLE ONLINE PROGRAM FOR ABS CHECKS ONLINE

Call 812-423-3394
Login name:  BBSDD DEMO
password:    DEMO

You will automatically be taken into the demonstration.
If you need more information on BBS Dollars Direct for PCBoard, please call
Eric Scales at 812-464-2363 or E-mail through the InterNet to:
eric.scales@saltair.com

AMERICAN BANKING SYSTEMS CORPORATION
497 20TH STREET
NICEVILLE, FL
32578-3264
PH 904.729-3006 or 800.496-4605 or 1-818-831-2357
FX 904.729.2188