Global Axcess Corp Announces Distributor ATM Processing Agreement with Genpass Technologies, LLC Enabling a Lower Operating Cost Structure

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    PONTE VEDRA, Fla., Dec. 22 - Global Axcess Corp (OTC Bulletin Board: GAXC), a rapidly growing independent electronic financial transaction processing company, today announced that on December 15, 2005, Nationwide Money Services, Inc. ("Nationwide"), a wholly owned subsidiary of Global Axcess Corp ("GAXC"), entered into a Distributor ATM Processing Agreement with Genpass Technologies, LLC ("Genpass"). Genpass is a subsidiary of U.S. Bank, N.A. with over a $50 billion market capitalization and over $200 billion in assets. Pursuant to the agreement, Nationwide agreed to engage Genpass to be the exclusive provider of certain electronic funds transfer services, which includes a seven-year term for the processing of ATM transactions for Nationwide.

    Michael Dodak, Chairman and CEO of GAXC, commented, "Our agreement with Genpass was made possible due to our growth in the volume of ATM transactions that we experienced over the last year. This will enable us to materially decrease our processing cost structure going forward and we will realize an immediate financial benefit in the current quarter. Thus, the lower cost structure in our core business will have a benefit to earnings per share for 2005. In the future, the impact realized to earnings will have an even greater benefit as we continue to grow the number of ATM transactions that we process on an annual basis. This new relationship is a positive development for the shareholders of Global Axcess."

    About Global Axcess Corp

    Headquartered in Ponte Vedra Beach, Florida, Global Axcess Corp was founded in 2001 with a mission to emerge as one of the nation's leading network-based electronic commerce and transaction processing companies. Through its wholly owned subsidiary, Nationwide Money Services, Inc., the Company provides turnkey ATM management solutions that include cash, project and account management services. NMS currently owns and operates over 5,000 ATMs in its national network spanning 42 states and provides proprietary ATM branding and processing for 80 financial institutions over 750 branded sites nationwide. EFT Integration, Inc., a wholly owned subsidiary of Global Axcess, provides traditional, certified transaction processing and terminal driving to its valued customers and is developing alternative processing solutions for expanding ATM functionality through web-based products and services. For more information on the Company, please visit .



    Global Axcess Corp

    David Fann, 904-395-1146



    Alliance Advisors, LLC

    Alan Sheinwald, 914-244-0062
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