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PenSoft and InterceptEFT Announce Enhanced Pricing Structure

Newport News, Virginia – April 26, 2006

Peninsula Software of Virginia, Inc. (PenSoft®) has implemented an enhanced pricing strategy through its strategic partner, InterceptEFT , enabling PenSoft clients to take advantage of new, competitive pricing.

In doing so, PenSoft has negotiated a new arrangement with InterceptEFT to replace tiered pricing with a simplified flat-fee-per-transaction structure, making the entire payroll process easier and more efficient, while providing more competitive rates for its clients.

“We constantly pursue ways to provide our clients with competitive pricing, streamlined processing and unparalleled service,” says PenSoft President and CEO Leroy Newman. “This enhanced pricing strategy developed with InterceptEFT helps us deliver on our promises to our clients.”

Bryan Smith, President and co-founder of InterceptEFT, says the new pricing structure for PenSoft will allow them to provide seamless service. “PenSoft is committed to quality on all levels and this strategic partnership and new pricing structure is a win-win for PenSoft, its clients and Intercept,” says Smith.

PenSoft develops payroll software for small to mid-sized businesses and payroll service providers. It has over 5000 customers in all 50 states & US territories. Fargo, N.D. based InterceptEFT is a national leader in payment-processing services and software. It processed more than 26 million ACH transactions in 2005.

About PenSoft

Founded in 1983, Peninsula Software of Virginia, PenSoft, develops PenSoft Payroll; payroll software designed for small to mid-sized U.S. businesses with 1 to 2,000 employees per company. With many payroll experts and Certified Payroll Professionals (CPP) on staff, PenSoft monitors state and federal tax laws for changes to ensure PenSoft Payroll is always current and up-to-date, and is backed up by unsurpassed program support for users and an online Knowledge Database. Corporate headquarters are located in Newport News, Virginia. For additional information, visit PenSoft on the web at

About InterceptEFT

Since its inception in 1993, InterceptEFT has been one of the fastest growing, technologically advanced, and widely recognized EFT processors in the industry. InterceptEFT offers a wide-range of EFT solutions, including ACH Processing, Credit Card Processing, Check Conversion/Guarantee, ACH/Check Verification, Remote Deposit, and Image Processing. InterceptEFT gives companies the tools they need to streamline financial transactions so they can accomplish more and stress less. For more information, visit