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September 19, 2008

Miva Merchant And Innovative Merchant Solutions Announce Payment Processing Alliance

San Diego, CA, 19 September 2008 — Miva Merchant, a leading supplier of e-commerce software and services to small and medium sized businesses and Innovative Merchant Solutions (IMS) (www.innovativemerchant.com), an Intuit Company, today announced that they have entered into an agreement to attach payment-processing services to store owners who purchase the popular Miva Merchant e-commerce platform.

Russ Carroll, CEO of Miva Merchant, stated “This alliance combines the best customer service, most competitive pricing, and highest up-time reliability for our Miva Merchant store owners. Our main focus is increasing our customers’ success, and this is a significant step in that direction.”

Joe Kaplan, President of Intuit’s IMS division, added “We are excited to bring this partnership to life. Taking two market leaders and joining forces can only lead to a better experience for online merchants using the Miva Merchant platform.”

The companies also indicated that the alliance marks the beginning of a tighter integration relationship, which will allow the two firms to collaborate on a wide variety of merchant products and services. As an example, new users of the service will be able to integrate their Miva Merchant shopping cart data with their QuickBooks financial data.

About Innovative Merchant Solutions

Innovative Merchant Solutions is a leader in the bankcard processing industry. It’s the processor-of-choice for hundreds of thousands of merchants, handling over $12 Billion in annual processing volume. In 2003, Innovative joined forces with Intuit Inc., the small-business experts and makers of QuickBooks®, Quicken®, and TurboTax®. A Fortune 500 company founded in 1983, Intuit’s “Right for My Business” strategy delivers industry-specific business management solutions. For more information, please visit http://www.innovativemerchant.com.

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