Pay Linx announces changes to Management and Board of Directors



    EDMONTON, Oct. 9 /CNW/ - Pay Linx Financial Corporation ("Pay Linx" or
the "Company") (TSX-V: PIN), a provider of services and infrastructure
enabling the replacement of cash and cheque payments with electronic payment
cards, today announced that Jason Anderson has joined the company as Vice
President of Compliance, Security and Director System Operations. In this role
he will be actively involved in a number of initiatives as Pay Linx
internalizes and enhances key applications to support its long term growth.
    Jason Anderson has over 15 years of experience in the U.S. banking and
payments industry. He served most recently as Director of Engineering Services
with a leading provider of cryptographic solutions, where he managed the
roadmap of new projects and technologies in the financial payment security
industry. He has overseen the successful development of a number of devices
designed to enhance the security of PIN-based transactions. Mr. Anderson's
expertise has been recognized through his participation on standards councils
and as a speaker at industry conferences.
    Pay Linx also announced that Robert W. Pearce has resigned from its Board
of Directors due to a potential conflict with another of Mr. Pearce's Board
relationships. The Board and management of Pay Linx extend their thanks to Mr.
Pearce for the contributions he made during his time as a director.

    About Pay Linx

    Pay Linx Financial Corporation (TSX-V: 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 22% 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.

    
    The TSX Venture Exchange Inc. has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this release
    





For further information:

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, www.paylinx.ca

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PAY LINX FINANCIAL CORPORATION

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