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To: Gator who wrote (45383)	1/21/1999 9:32:00 AM
From: Jane4IceCream	Read Replies (2) \| Respond to of 119973

FTEL....+ 1 5/32 Jane

To: Gator who wrote (45383)	1/21/1999 9:43:00 AM
From: Ie Coan Bie	Read Replies (1) \| Respond to of 119973

ChequeMARK Launches its Patented Payment System for the Internet Thursday January 21, 9:00 am Eastern Time Company Press Release SOURCE: LML Payment Systems, Inc. ChequeMARK Launches its Patented Payment System for the Internet JACKSONVILLE, Fla., Jan. 21 /PRNewswire/ -- LML Payment Systems Inc. (the ''Company'') (Nasdaq: LMLAF - news) announces that its subsidiary ChequeMARK Inc. is launching its Patented Point-Of-Sale Electronic Checking system for use on the Internet. The ChequeMARK System, which enables retailers to convert a paper check transaction into a fully automated paperless electronic transaction, will likewise be designed for implementation by web merchants (''e-tailers'') as an alternative payment system to the current methods of Internet payment such as credit card, paper check drafts and virtual cash. The ChequeMARK System will empower e-tailers to allow Internet consumers access to funds residing in their bank accounts in order to make purchases at e-tailers' web sites. While presently, the majority of Internet transactions are completed with credit cards, consumers' overall preferred payment method is the personal check. In 1997, personal check dollar volume was more than double the dollar volume for credit and debit cards combined. During the same period, checks were also used 1 1/2 times more frequently than credit and debit cards combined. The Company believes that its Patented Electronic Checking system will enable e-tailers to benefit from the same consumer payment preference. Recently published reports indicate that Internet purchases will balloon from approximately $15 Billion in 1998 to over $3 Trillion by 2003. The Company plans to make the ChequeMARK System available to Internet commerce service providers (''CSP's'') and Internet payment processors who design and develop other payment methods on behalf of the rapidly expanding universe of e-tailers. The Company believes that personal electronic checking will form an integral part of the Internet commerce industry and expects ChequeMARK's entry to become one of the dominant methods of payment. The Company owns U.S. Patent No. 5,484,988 with specific regard to a ''checkwriting point-of-sale system'' and operates the ChequeMARK System, a central database and authorization system administering various consumer payment services, collectively referred to as ''Electronic Checking.'' SOURCE: LML Payment Systems, Inc. biz.yahoo.com