MIAMI BEACH, Fla., Oct. 9, 2006 – SAF-T-PAY Inc., a global Internet payment system company, has been invited by the Merchant Risk Council to speak at their upcoming conference seminar on October 19th. The topic of discussion will be on the prevention of cyber fraud and current solutions available to e-commerce merchants. Participating in this discussion will be CEO’s of some of America’s leading companies such as Apple and Barnes and Noble.

Manuel Montero, CEO of SAF-T-PAY, will represent the company in this discussion and explain the strategy SAF-T-PAY has adopted to keep abreast of the fast evolving world of Internet fraud. Montero stated, “I believe fraud is one of the most important subjects of business today…it impacts every level of business and merchants have to keep informed of its current trends. In fact, the SAF-T-PAY model was born out of addressing a fraud challenge.”

The Merchant Risk Council consists of 7,500 merchants, vendors, financial institutions and law enforcement agencies. Its subscribers share the common goal of protecting and encouraging the thriving online commerce industry by establishing best practices for cyber-fraud prevention. The MRC has become a voice in the payments industry and has helped identify industry trends of common interest for merchants.

In addition, the MRC works with federal and local law enforcement agencies such as the Federal Bureau of Investigation, Secret Service, the U.S. Department of Justice and the U.S. Postal Inspectors to help catch and prosecute cyber criminals. The Board of Directors consists of 15 leading e-commerce retailers, solution providers and financial institutions including eFunds, Expedia, Apple, Barnes and Noble, Hewlett Packard, American Express, American Eagle Outfitters, CyberSource, CompUSA, Adobe, Best Buy, Cendant Travel Distribution Services, Experian, Costco and Discover Financial Services.