News Release

Contact:
Jana Waughn
RemitPro LLC
3738 S. 149th Street, Suite 102
Omaha, NE 68144
402.861.0005 x 103

Penson Selects RemitPro for Automated Cash Receipts Processing

OMAHA, February 10, 2005 – RemitPro announced today that Penson Financial Services, Inc. has selected eRemitPro, a solution that provides electronic check processing for the financial services industry.

"RemitPro’s check conversion tool allows us to more efficiently process incoming checks from our customers, while providing improved risk management through more timely collection of funds" said Daniel P. Son, President, Penson Worldwide, Inc.

Penson will use the eRemitPro product in their Dallas, Texas headquarters operation. eRemitPro is a remote desktop data and image capture tool offering a combination browser and Windows®-based system. This technology enables Penson to capture images of checks and enter cash receipt information into the eRemitPro system, thus eliminating the need to make a physical deposit at the bank. Faster funds availability, reduced risk and operational efficiencies are several of the benefits of this new technology.

"eRemitPro provides Penson with a remote desktop data and image capture tool that allows them to create electronic items from paper checks in accordance with ACH and Check21 standards. Penson will benefit from greater operational efficiencies and reduced risk," said Jana Waughn, President of RemitPro. "We are very excited to have Penson as a client and look forward to building a long-term relationship with them,” she said.

About Penson Worldwide:
www.penson.com
Penson Worldwide, Inc. is the holding company for Penson Financial Services, Inc., Penson Financial Services, Ltd., Penson Financial Services Canada, Inc., and Penson Financial Futures, Inc. The Penson Worldwide group of companies provides execution, clearing, custody, and settlement services in the United States, Canada, the United Kingdom, and Europe for broker/dealers trading in securities and financial futures, including single stock futures, and fixed income products. Penson Financial Services, Inc., headquartered in Dallas, Texas, has served the clearing needs of all types of broker/dealers since 1995.

Penson Financial Services, Inc. is a member of the Chicago Stock Exchange, NASD, Inc. and SIPC. Penson Financial Services Canada, Inc. is a participating organization with the Toronto Stock Exchange, the Montreal Exchange, the TSX Venture Exchange, is regulated by the Investment Dealers Association of Canada, and is a member of the CIPF. Penson Financial Services, Ltd. is a member of the London Stock Exchange and is authorized and regulated by the Financial Services Authority. Penson Financial Futures is a Futures Clearing Merchant member of the National Futures Association.

About RemitPro:
RemitPro is a service bureau providing funds processing and risk management services to the financial services industry. RemitPro offers Check21 and ACH solutions to facilitate cash receipt processing. RemitPro also offers comprehensive risk management for USA PATRIOT Act Compliance including Know Your Customer Identity Validation and Global Watch List Screening. For more information about RemitPro, please visit our website at www.remitpro.com or call us at 1-877-861-0005.

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