nFinanSe Now Holds 42 Money Transmitter Licenses

The Company stated that it is now licensed in the District of Columbia and forty-one states requiring licensure in order to sell and reload reloadable prepaid cards. Seven states do not require such licensure and the Company has elected to not offer its nFinanSe Discover(R) Network Reloadable Prepaid Cards in the states of Hawaii and Vermont.

Jerry R. Welch, Chairman and Chief Executive Officer, said, "We are pleased to have completed this important project for our Company. The sale and reloading of prepaid cards at retail stores is still in its early stages of development. As such, there has been much discussion and some question about the controlling legal authority over the sale and reloading of prepaid cards. Even though our cards are issued by federally chartered banks, many states have taken the position that a state license is required. As a result, program managers, like ourselves, have applied for and received state licenses. As a Licensee, we then assure legal compliance for those retailers that become our authorized agents."

Mr. Welch continued, "Until the issue of controlling legal authority is ultimately settled in the courts, we believe the right approach is to both issue our cards through a federally chartered bank and to maintain state Money Transmitter licenses. Our objective is to ensure that our retail partners are always deemed compliant under both federal and state law."

About nFinanSe Inc.

nFinanSe Inc. is an innovative financial services company and provider of stored value and prepaid card solutions headquartered in Tampa, Florida. nFinanSe has developed the nFinanSe Network, a secure, reliable value load and activation platform that connects with retail merchants and other value load stations located throughout the United States. For more information visit www.nfinanse.com.

Cards are issued by Palm Desert National Bank pursuant to a license by Discover(R) Network. Discover(R) Network and the Discover Network Acceptance Mark are service marks used by Palm Desert National Bank under license from Discover Financial Services.

Cards are issued by First National Bank in Pipestone, Pipestone, MN pursuant to a license by Discover(R) Network. First National Bank in Pipestone is part of the Fishback Financial Corporation. All cards are FDIC insured with the exception of the nFinanSe Gift Card.

"Safe Harbor" Statement under Private Securities Litigation Reform Act of 1995

This press release contains certain forward-looking statements based on nFinanSe Inc.'s, or, the Company's current expectations, forecasts and assumptions that involve risks and uncertainties. Forward-looking statements include statements regarding the Company's expectations, beliefs, intentions or strategies regarding the future and can be identified by forward-looking words such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "should," "will," and "would" or similar words and include statements regarding the anticipated benefits of the Company's products and the anticipated retail roll out of the Company's money transmitter licenses. Forward-looking statements in this release are based on information available to the Company as of the date hereof. The Company's actual results may differ materially from those stated or implied in such forward-looking statements due to risks and uncertainties associated with the Company's business, which include the Company's ability to execute its business strategy and the other risk factors disclosed in the Annual Report on Form 10-K for the year ended January 3, 2009 on file with the Securities and Exchange Commission. The Company assumes no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise.

SOURCE: nFinanSe Inc.

nFinanSe Inc., Tampa 
Clare J. Morgan, 813-367-4400 
cmorgan@nfinanse.com