Debt Resolve and PayNearMe Announce Partnership

Debt Resolve, Inc. (OTC BB: DRSV) announced that PayNearMe, the cash transaction network, and Debt Resolve have entered a marketing partnership where PayNearMe will market the Debt Resolve solutions to its clients. PayNearMe serves e-commerce, consumer finance, transportation and more at local convenience stores where consumers can make cash payments to the clients of PayNearMe.

Michael Cassella, Debt Resolve’s Chief Operating Officer, stated, “In today’s environment, consumers are demanding more convenient solutions for all services. The partnership between PayNearMe and Debt Resolve will offer a significant payment solution for the consumer. I am extremely excited to offer our clients the option of providing consumers the convenience of making payments at 6,200 7-Eleven stores when settling their accounts with the Debt Resolve solution.”

Debt Resolve provides consumer lenders, debt buyers, collection agencies, collection law firms and hospitals with a patent-protected online bidding system for the resolution and settlement of consumer debt as well as a collections and skip tracing solution that is effective at every stage of collection and recovery. The company also provides web-based payment platforms for the financial and healthcare industries. The company is publicly held and trades on the OTC Bulletin Board under the symbol DRSV. Debt Resolve is headquartered in Tarrytown, New York.

PayNearMe is the cash transaction network that enables consumers to pay conveniently with cash for a wide variety of goods and services from leading companies in e-commerce, consumer finance, transportation and beyond. Consumers pay easily at a local store, starting at 6,200 7-Eleven stores across the United States. PayNearMe was selected Best in Show at Finovate Fall 2010.