CAPITAL ACCESS NETWORK LAUNCHES FINANCIAL TECHNOLOGIES GROUP

Daily Remittance Platform^TM Offers New Model to Lenders, Processors, Credit Card Issuers and Other Working Capital Providers to Small and Mid-Sized Business Market

NEW YORK - October 4, 2010 - Capital Access Network, Inc. (CAN), a leading provider of data, systems and technology for the small and mid-sized business (SMB) market, today announced the launch of its Financial Technologies Group and its Daily Remittance Platform^TM (DRP). DRP is designed to meet the needs of financial product providers who seek to move past simple credit score-based underwriting and use Daily Remittance¹ and the data generated to improve their risk decision-making and portfolio performance visibility. DRP is delivered as a hosted service, software-as-a-service (SaaS) or as an appliance-based solution. In all cases, DRP is tailored to meet the specific risk tolerance and reporting needs of each client.

Daily Remittance Innovation
Today's traditional small and mid-sized business (SMB) underwriting and delivery platforms rely on a "Wait and Hope" model dependent on monthly payments and SMB owner credit bureau scores (such as FICO). In 12 years of providing almost $2 billion of working capital to more than 30,000 SMBs, CAN's data and modeling has shown that credit bureau scores are not predictive of SMB performance rates. FinTech Group uses its Daily Remittance dataset, consisting of more than 15 million separate Daily Remittance records, to dynamically generate seasonally and geographically adjusted, industry-specific profiles that project gross revenues based on payment card settlement inflows to the SMB applicants, and uses those profiles and dozens of other variables to score them for risk. Then DRP goes further and integrates directly into the sales and income stream of the SMB via the business' credit card processing settlements. The capital provider automatically receives a small amount on a daily basis, based on actual card sales activity, expediting the provider's cash flow and portfolio performance visibility. In one week, the capital provider could receive seven remittances and gather seven data points regarding the SMB's sales versus waiting seven months for the same number of data points in a "Monthly Remittance" model.

"SMB capital and credit providers are challenged in today's environment. They must quickly find ways to extend more capital while reducing risk and expense. Our DRP solution, which integrates with our clients' legacy systems, solves these issues," stated Glenn Goldman, CEO and President of CAN. "Our experience demonstrates that traditional monthly models, based on automated, credit bureau-based underwriting, are simply not reliable indicators of SMB behavior. Because of this, SMBs have posed risks deemed unacceptably high to those who traditionally provide credit and other financial products. As banks are tightening their lending to small businesses due to their models and underwriting practices, our market is growing because of our models and practices."

DRP is the only known end-to-end system available to handle Daily Remittance transactions. From marketing segmentation and portfolio analysis, through direct response campaign design and implementation, call center (sales) and customer service workflows, machine risk scoring and adaptive learning refinement, underwriting workflows, accounts receivable systems, and asset management workflows, DRP integrates with legacy systems. With this platform, most credit and other financial product providers can be in-market within 90-180 days. CAN has tested and refined the DRP model over the last 12 years by providing, through its subsidiaries, almost $2 billion in capital with over 30,000 SMBs in almost 500 SIC codes in all 50 states.

"DRP benefits many players in the SMB arena," said Goldman. "Lenders, credit card issuers and other capital providers benefit from more frequent and more accurate underwriting approvals, decreased losses and increased portfolio visibility. Merchant processors benefit because SMBs are contractually bound to their platforms for the life of the Daily Remittance transaction. SMB owners who run strong businesses, but lack high credit scores gain access to capital."

CAN is launching its FinTech Group and introducing its Daily Remittance Platform^TM at FinovateFall, October 4-5 in New York City, where it will be demonstrating DRP's SPARQ underwriting module. For additional information on the Company and its offerings please visit, www.CapitalAccessNetwork.com.

1 Daily Remittance is the payment or remittance on a financial product on a basis more frequently than monthly.

About Capital Access Network Inc.
Capital Access Network, Inc. (CAN) leverages leading edge data, systems and technology, combined with a unique and highly effective Daily Remittance Platform ^TM , to deliver innovative financial products and services geared to small and mid-sized businesses (SMBs) and SMB capital providers. The Financial Technologies Group (FinTech Group) offers SMB lenders, credit card issuers and other capital providers customized platforms and hosted services that enable Daily Remittance-powered financial products, improving underwriting decisioning and delivery, extending customer lifecycles, controlling costs and enhancing portfolio performance. The Data Services Division draws upon the data gathered by CAN's subsidiaries through more than a decade of collecting and analyzing the sales trends and firmographics of tens of thousands of SMBs. CAN also provides merchant capital options powered by Daily Remittance Platforms^TM through its wholly-owned subsidiaries: AdvanceMe, Inc, the leader in Merchant Cash Advances, and NewLogic Business Loans, Inc. Headquartered in New York, CAN and its subsidiaries currently employ 350 people in four locations in New York, Georgia, Massachusetts and Costa Rica. Learn more at www.CapitalAccessNetwork.com