Industry Letters

August 30, 2006


LEGAL NOTICE

NOTICE OF DEFAULT BY CASHPOINT NETWORK SERVICES, INC., IN MAKING PAYMENTS BY MONEY TRANSMITTER

Pursuant to New York State Banking Law Section 656, the State of New York Superintendent of Banks gives notice that on April 21, 2004, the license of CASHPOINT NETWORK SERVICES, INC. (“CashPoint”) to operate a money transmission business in New York State has been suspended because it failed to make payments on its money transmission obligations. CashPoint’s license to conduct a money transmission business in New York State remains suspended.

Any person or entity (1) that gave funds to CashPoint to transmit, either directly at its office formerly located at 143 West 72nd Street in New York City or through its agent(s) located in New York State, and said funds were not transmitted to the intended biller/beneficiary, or (2) that was the intended biller/beneficiary of said funds transmission as a “holder” under New York State Banking Law Section 653, that has not yet collected the funds from CashPoint, may be entitled to some reimbursement from the New York State Transmitter of Money Insurance Fund.

Such persons or entities seeking to submit a claim under the New York State Transmitter of Money Insurance Fund should download a claim form from the State of New York Banking Department Web site (www.banking.state.ny.us). Claim forms may also be obtained by contacting the Banking Department at (212) 709-7676, during the business hours of 9:00 am to 4:00 pm, Monday through Friday.

All claim forms must be postmarked by October 31, 2006, in order to be considered for any reimbursement under the State Transmitter of Money Insurance Fund.