FISC Prepares to Process for FairPoint Communications

Lewiston, ME, March 09, 2008 --(PR.com)-- Financial Institutions Service Corporation (FISC), a provider of services and solutions to financial institutions and corporations for more than 30 years, is preparing to provide payment processing services to FairPoint Communications, Inc. throughout New England.

FairPoint has received the approval of Maine, New Hampshire and Vermont Public Utilities Commissions to complete its acquisition of the entire landline communications network of Verizon Communications in those three states.

FairPoint Communications, Inc. (FRP on the New York Stock Exchange), a communications service provider to both rural and urban communities across the country, has been meeting regularly with FISC’s project team since September to lay the foundation for their transition to FISC services.

With the approval of the sale, FISC expects to add approximately 10 new jobs to its remittance processing department. In addition, the deal between FairPoint and FISC will directly impact and influence the economic growth of the Lewiston/Auburn area and surrounding communities.

About FISC
Headquartered in Lewiston, Maine with offices in Portsmouth, New Hampshire, FISC has provided services and solutions to financial institutions and corporations for more than 30 years. The company designs and implements full-service outsourcing solutions that make the operations of financial, insurance, government, not-for-profit, and other organizations more efficient and more affordable. FISC’s core services include item processing and electronic clearing, software solutions, loan servicing, lockbox and disaster recovery services. In addition, FISC offers comprehensive statement and invoice printing, delivery, design and management. For more information, visit www.fiscsolutions.com or call 1.888.433.4924.

###