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Pay Linx Financial Corporation announces agreement with Palm Desert National Bank to issue MasterCard branded prepaid cards

TSX Venture Exchange Symbol: PIN

EDMONTON, April 4 - Pay Linx Financial Corporation ("Pay Linx" - TSXV: PIN) announced today that it has entered into an agreement with Palm Desert National Bank ("PDNB"), an issuer of MasterCard and VISA, in the United States. The agreement allows Pay Linx to issue a MasterCard branded prepaid card in the United States and to become a third party processor of these transactions.

Pay Linx can now extend its services to the United States, allowing corporations to replace usage of cash and cheques. Pay Linx instant-issuing services allow corporations to issue, load and reload a PrePaid MasterCard in real-time at any ATM or merchant accepting MasterCard. The beneficiary simply selects their own PIN number using a Pay Linx PIN and Card Activation terminal. The beneficiary then gets instant access to funds that can be reloaded by the corporation.

Mr. Ian McNeill, President and CEO of Pay Linx, commented "The United States is a huge untapped opportunity for Pay Linx, enabling corporations to replace traditional cash and cheques with a co-branded MasterCard. Pay Linx streamlines the payment and reconciliation process, reducing fraud, improving internal controls and capturing wallet space for corporate customers. The agreement with PDNB allows Pay Linx to immediately offer corporations a significant and improved customer experience."

About Pay Linx
Pay Linx Financial Corporation (TSXV: PIN) delivers affordable, accessible and contemporary payment processing services that integrate seamlessly into the Interac and MasterCard financial networks in North America. Pay Linx, which is 25% owned by Royal Bank of Canada ("RBC"), provides services to RBC for Canadian governments through QuickLinx(TM) replacing cheque and voucher payments. Pay Linx, through Bank West, a Canadian financial institution, and Palm Desert National Bank, a United States financial institution, also delivers new and innovative financial payment solutions for corporations to better serve their customers.

Pay Linx services support governments and corporations to replace cash and cheque payments based on services and infrastructure provided by Pay Linx.
Pay Linx instant issuing services allow corporations to issue and fund a Pre-Paid Interac or MasterCard in real time allowing the beneficiary to select their own PIN number using a Pay Linx PIN and Card Activation terminal. This allows the beneficiary to have instant access to funds that can be reloaded by the corporation.

For further information: Ian McNeill, President and CEO, Pay Linx Financial Corporation, Tel: (780) 702-4710, Email: Ian.Mcneill@PayLinx.ca,
www.paylinx.ca; Marshall Rosichuk, CMA, CFO, Pay Linx Financial Corporation, Tel: (780) 702-4702, Email: Marshall.Rosichuk@PayLinx.ca, Prepaid Debit Cards & Prepaid Secured Credit Cards: Visa & MasterCard - Pay Linx Canada - Pay Linx Canada