ChamsSwitch Streamlines ATM Configuration and Testing with Paragon's ATMulator Plus™

(Holly Springs, NC—September 2, 2009) Paragon Application Systems, a leading global provider of ePayment simulation, configuration and testing software, today announced that ChamsSwitch, an electronic payment switch in Nigeria recently licensed Paragon's ATMulator Plus. ChamsSwitch is using ATMulator Plus to create ATM screens and states and test transaction sets that they implement for their customers.

"ACI recommended that we license Paragon's ATMulator Plus based on its proven reliability and ability to interface with ACI's BASE24-eps™," says Dapo Ajike, Head of IT for ChamsSwitch. "ATMulator Plus has saved us a lot of time and money. We can now test transaction sets and make modifications rapidly right at our workstations without the need to send someone down to an ATM with a test card."

"We appreciate the support we have received from Paragon's distributor Absolute Systems," adds Ajike. "They made sure that the product installation and training sessions went smoothly and have followed up to determine what other products we may require."

"With the rapid growth of electronic banking in Nigeria and their migration to EMV, there is a growing need for testing solutions to prove ePayment transaction reliability and to minimize risk," says Doug Daggett, Director of Sales for Paragon Application Systems. "We are delighted to welcome ChamsSwitch as our first customer in the growing Nigerian market."

About ChamsSwitch

ChamsSwitch is a subsidiary of Chams Plc, a leading Nigerian Information Technology solutions company specializing in Card Technology. ChamsSwitch is an electronic Payment Switch that has built a world class Transaction Switching platform to process and settle payment transactions efficiently, using globally recognized solutions to aid interconnectivity to issuers, acquirers, merchants, service providers and other switches (both locally and internationally). Visit ChamsSwitch at www.chamsswitch.com.

About Absolute Systems

Absolute Systems, a privately held South African company, is a provider of application software, integration services, project management and strategic consulting to the banking industry. Since 1993, Absolute Systems has been working closely with financial institutions and ATM manufacturers focusing on software development and integration for retail systems. Visit Absolute Systems at www.absolutesys.com.

About Paragon Application Systems

Paragon Application Systems is a leading global provider of ePayment simulation, configuration and testing software tools to the financial industry. More than 400 financial institutions in over 80 countries use Paragon tools to improve quality and reduce time-to-market. Paragon's broad customer base includes major interchanges, processors, leading software providers, banks and credit unions. Visit Paragon Application Systems at www.paragonedge.com or email info@paragonedge.com.