2008-11-09 11:27:05 -

- nFinanSe Inc. (OTCBB:NFSE) today announced that it has signed an agreement with Paychecks Plus, Inc., a payroll and professional employer organization (PEO) with employees and clients in over 10 states, to be its exclusive Pay Card Program provider.

The administration of payroll is a large expense for all companies, large or small. According to the American Payroll Association, it costs between $1 and $2 to process, print and deliver a paycheck and approximately $9 to replace lost or stolen paychecks. The nFinanSe Pay Card eliminates these payroll costs. Issuance of the nFinanSe Pay Card to employees is relatively easy to implement and increases employee direct deposit participation and therefore, employee productivity as they no longer need to pick

up their paycheck, leave work to wait in line at a bank or check cashing location and incur excessive fees for cashing their paycheck.

"There are currently 70 million unbanked or underbanked adults in the U.S. paying a significant percentage in check cashing fees and money orders to conduct their financial business. The nFinanSe Pay Card is an inexpensive alternative to bank accounts and credit cards and is a necessity for the large percentage of the population without bank accounts. It is a way of having a 'plastic card' that can be loaded with their paycheck and used repeatedly for payments as required in our 'card payment world.' Employees are no longer limited to the cash they carry in their wallets," stated Clare Morgan, nFinanSe's Vice President of Marketing.

Paychecks Plus is offering the nFinanSe Pay Card as an alternative to traditional paper checks, thereby providing their employees with the cost savings, convenience, flexibility and security of a card-based program. Participating employees will have their payroll electronically deposited onto their instantly issued nFinanSe Discover(R) Network Pay Card. The Pay Card can be used to make purchases at millions of merchant locations nationwide - including online and over the telephone - and to access cash at ATMs. Plus, one of the "cool tools" available with an nFinanSe Pay Card is the ability to receive an email or text message with purchase and balance information after each purchase or transaction, and on pay day, receive summary pay stub information.

According to Cherie Fretto, President and CEO of Paychecks Plus, "While evaluating pay card issuers, we realized that nFinanSe was able to provide us with both the economics of electronic paychecks plus the benefits of a card program for our employees. The success of any pay card program demands buy-in from the top, but, it also requires that the card be a product that employees want, know how to use and in the end, is cost effective to use. With nFinanSe, it is a win-win for all parties."

"As with all of our cardholders, employees of Paychecks Plus will be able to go to any nFinanSe Network(TM) location nationwide, including MoneyGram(R) and Western Union(R), and load the funds from a second paycheck from another job or cash from other activities to their Pay Card. In addition, the nFinanSe Pay Card does not 'nickel and dime' employees with hidden fees, charges for making purchases or charges for calling our 24/7 Bilingual Customer Service Center," concluded Ms. Morgan.

About nFinanSe Inc.

nFinanSe Inc. is an innovative financial services company and provider of stored value and prepaid card solutions headquartered in Tampa, Florida. nFinanSe has developed the nFinanSe Network, a secure, reliable, point of sale (POS) and PC based software platform that connects retail merchants with multiple stored value prepaid card processors and issuing banks. nFinanSe owns and operates the nFinanSe Network as a standardized, national network of stored value and prepaid card cash load stations located throughout the United States. For more information visit www.nfinanse.com.

About Paychecks Plus, Inc.

Founded in 1989 in Troy, New York, AccuCheck, our original company, served local businesses in coping with ever increasing regulations in payroll and human resources. We have since evolved into Paychecks Plus, a multi-million dollar payroll and professional employer organization, with thousands of employees and hundreds of clients in over 10 states providing payroll, payroll tax management, staff management services and PEO/staff leasing. Our growth has resulted in us now maintaining two main offices, one in Troy, New York and the other in Clearwater, Florida. For more information visit www.payrollchecks.net

"Safe Harbor" Statement under Private Securities Litigation Reform Act of 1995

This press release contains certain forward-looking statements based on nFinanSe Inc.'s, or, the Company's current expectations, forecasts and assumptions that involve risks and uncertainties. Forward-looking statements include statements regarding the Company's expectations, beliefs, intentions or strategies regarding the future and can be identified by forward-looking words such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "should," "will," and "would" or similar words and include statements regarding the planned and/or anticipated benefits to users of the Company's products and the timing of distribution of such products. Forward-looking statements in this release are based on information available to the Company as of the date hereof. The Company's actual results may differ materially from those stated or implied in such forward-looking statements due to risks and uncertainties associated with the Company's business, which include the Company's ability to execute its business strategy and the other risk factors disclosed in the Annual Report on Form 10-K for the year ended December 29, 2007 on file with the Securities and Exchange Commission. The Company assumes no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise.

nFinanSe Inc., Tampa
Clare J. Morgan, Vice President, Marketing, 813-367-4400