JANET ESTEP NAMED AS NACHA’S NEXT CEO

Formal Introduction to Membership and Industry at PAYMENTS 2008

HERNDON, Va., May 13, 2008 – The NACHA Board of Directors has selected Janet O. Estep, most
recently an executive vice president with U.S. Bank, to succeed Elliott McEntee, who will retire as
president and chief executive officer at the end of 2008. During the transition period, Ms. Estep will
serve as president and chief operating officer and Mr. McEntee will continue as chief executive officer.

“The Board selected Jan because she has the right experience, insight, and drive to ensure the
continued safety, innovation, and growth of the ACH Network,” said Steve Ellis, executive vice
president, Wells Fargo and NACHA Board chairperson. “She has an outstanding track record in
product management, technology, operations, and sales and marketing involving an array of payment
products.”

“It’s an exciting time to be joining NACHA, as consumers and businesses are increasing their use of
electronic payments, and the ACH Network is experiencing robust growth,” said Estep. “I look forward
to working with the NACHA membership to fulfill the association’s important role in the payments
industry.”

At U.S. Bank, Ms. Estep was responsible for its Transaction Services Division, including Elan ATM &
Debit Services, a processing provider for 2,000 other financial institutions, including many community
banks and credit unions. Her direct responsibilities encompassed strategy development, product
development and support, marketing, sales, relationship management, finance, technology integration,
and portions of customer service and operations.

Estep joined U.S. Bank in June 1997 as a senior vice president with responsibility for the general
management of its Merchant Payment Services division. She also spent 15 years with IBM in a variety
of field and headquarter positions including, sales, sales management, storage systems specialist, and
image technology product development and management.

“Jan’s solid industry background and sensitivity to the needs of community banks and credit unions in
the payments system ensure that NACHA and the ACH Network will continue to benefit all
stakeholders,” said Mike Bilski, executive vice president, North American Banking Company and
NACHA board member who served on the CEO search committee.

Ms. Estep will be formally introduced at PAYMENTS 2008, NACHA’s annual conference, to be held
May 18-21, in Las Vegas.