FactorTrust Appoints Don Gayhardt to Board of Directors

June 24, 2008 9:31 AM EDT

MARIETTA, Ga. and LONDON, June 24 /PRNewswire/ -- FactorTrust, Inc., the fastest growing global Credit Reporting Agency (CRA) providing under-banked consumer riskmanagement and identity verification services to alternative financial services providers, today announced that Donald Gayhardt has joined its Board of Directors. Gayhardt recently resigned as President and a member of the Board of Directors of Dollar Financial Corp. (DFG), a position he held since December 1998. Dollar Financial Corp. (Nasdaq: DLLR) is a leading international financial services company serving under-banked consumers, with more than 1,500 stores in the U.S, Canada and the U.K.

"Don is an accomplished business executive and industry veteran whose knowledge, expertise and guidance will undoubtedly enhance our ability to continue to increase our market share," said Greg Rable, FactorTrust CEO. Related Results Richard J. Savard Appointed CEO of NetSpend Corporation

Before joining Dollar, Gayhardt was employed by Bear Stearns, in its merchant banking group and also worked for Smith Barney and Arthur Young & Co. For almost ten years, Don was a member of the Board of Directors of The Community Financial Services Association of America (CFSA), a leading industry association comprised of more than 150 member companies representing over half of the estimated 22,000 payday advance locations nationwide.

Gayhardt joins FactorTrust's existing directors, Frank Bishop, Ed Braswell and Jim Douglass. Frank Bishop is past President and CEO of INVESCO, Inc. (NYSE: IVZ) and past President and CEO of INVESCO Capital Management. Ed Braswell is President and CEO of edo Interactive, Inc., a company that provides a next generation social marketplace connecting savvy buyers and premier global brands by delivering innovative card-based financial services to consumers. Prior to edo Interactive, Mr. Braswell served as CEO of Link2Gov, which was acquired by Metavante (NYSE: MV) in 2006. Jim Douglass is CEO of Vesdia Corporation, a company that offers a full array of loyalty solutions to financial institutions, affinity groups and merchants enabling customers to earn more meaningful rewards faster. Prior to Vesdia, Jim was CEO of Visionary Systems, Inc., a leading provider of decision systems for credit providers and retailers, which was sold to Trans Union in 2004. In addition, Mr. Douglass served as EVP of Corporate Development and Chief Financial Officer with CheckFree Corporation, now owned by Fiserv, Inc. (Nasdaq: FISV).

"We are very excited to have Don join our team," Bishop commented. "His eighteen-year leadership role with Dollar Financial Group, will bring to FactorTrust industry knowledge and contacts that will be invaluable as we expand our business throughout the United States and abroad."

About FactorTrust

FactorTrust, Inc. is the fastest growing global Credit Reporting Agency (CRA) providing under-banked consumer risk-management and identity- verification services to alternative financial services providers. The company's LendProtect solution enables payday lenders, buy-here-pay-here lenders, installment lenders and sub-prime credit card issuers to make quicker, smarter and more profitable credit extension decisions. For more information, please visit www.factortrust.com .

    LendProtect UK Media Contact                  FactorTrust Media
    Mike Shaw                                     John Gordon
    Managing Director                             Vice President ,Sales
    LendProtect (UK) Ltd                          FactorTrust, Inc.
    Tel +44 (0) 20 3206 1208                      678-391-7084

SOURCE FactorTrust, Inc.

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