----

----

| x | QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|---|-----------------------------------------------------------------------------------|

|  ̈ | TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|--------|------------------------------------------------------------------------------------|

----

----

| Nevada                            |   | 91-2150635                        |
|-----------------------------------|--------|-----------------------------------|
| (State or other jurisdiction      |   | (IRS Employer Identification No.) |
| of incorporation or organization) |   |                              |

| Large accelerated filer |  ̈ |     | Accelerated filer         |  ̈ |
|-------------------------|--------|--------------------|---------------------------|--------|
| Non-accelerated filer   |  ̈ |               | Smaller reporting company | x      |

----

----

----

| Part I – Financial Information | Page                                                                                        |
|--------------------------------------|---------------------------------------------------------------------------------------------|
|             |                                                                                        |   |
| Item 1.                              | Financial Statements                                                                        | 4 |
|             |                                                                                        |   |
|                                 | Consolidated Balance Sheets                                                                 | 4 |
|             |                                                                                        |   |
|                                 | Consolidated Statements of Operations                                                       | 5 |
|                                 |                                                                                        |   |
|                                 | Consolidated Statements of Changes in Stockholders’ Equity                            | 6 |
|             |                                                                                        |   |
|                                 | Consolidated Statements of Cash Flows                                                       | 7 |
|             |                                                                                        |   |
|                                 | Notes to Consolidated Financial Statements                                                  | 8 – 14 |
|             |                                                                                        |   |
| Item 2.                              | Management’s Discussion and Analysis of Financial Condition and Results of Operations | 15 |
|             |                                                                                        |   |
| Item 3.                              | Quantitative And Qualitative Disclosures About Market Risk                                  | 21 |
|                                 |                                                                                        |   |
| Item 4(T).                           | Controls And Procedures                                                                     | 21 |
|             |                                                                                        |   |
| Part II – Other Information    |                                                                                        |
|             |                                                                                        |   |
| Item 1.                              | Legal Proceedings                                                                           | 22 |
|                                 |                                                                                        |   |
| Item 1A.                             | Risk Factors                                                                                | 22 |
|             |                                                                                        |   |
| Item 2.                              | Unregistered Sales of Equity Securities and Use of Proceeds                                 | 22 |
|             |                                                                                        |   |
| Item 3.                              | Defaults Upon Senior Securities                                                             | 22 |
|             |                                                                                        |   |
| Item 4.                              | [Removed and Reserved]                                                                      | 22 |
|             |                                                                                        |   |
| Item 5.                              | Other Information                                                                           | 22 |
|             |                                                                                        |   |
| Item 6.                              | Exhibits                                                                                    | 22 |
|             |                                                                                        |   |
|                                 | Signatures                                                                                  | 23 |

----

|   | · | general economic and industry conditions; |
|--------|--------|-------------------------------------------|

|   | · | our capital requirements and dependence on the sale of our equity securities; |
|--------|--------|-------------------------------------------------------------------------------|

|   | · | the liquidity of the Company’s common stock will be affected by the lack of a trading market; |
|--------|--------|-----------------------------------------------------------------------------------------------------|

|   | · | intense industry competition; |
|--------|--------|-------------------------------|

|   | · | fluctuations in the prevailing industry prices of check processing services; |
|--------|--------|------------------------------------------------------------------------------|

|   | · | shortages in availability of qualified personnel; |
|--------|--------|---------------------------------------------------|

|   | · | legal and financial implications of unexpected catastrophic events; |
|--------|--------|---------------------------------------------------------------------|

|   | · | regulatory or legislative changes effecting check processing operations; and |
|--------|--------|------------------------------------------------------------------------------|

|   | · | reliance on, and the ability to attract, key personnel. |
|--------|--------|---------------------------------------------------------|

----

PART

ITEM

UNITED

| ASSETS                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   | June 30,2010(Unaudited) |      |   | December 31,2009(Audited) |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------------|-----------|--------|---------------------------|--------|
|                                                                                                                                                                                            |   |                    |      |   |                      |   |
| CURRENT ASSETS                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |                    |      |   |                      |   |
| Cash and Cash Equivalents                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   | $                       | 179,642   |   |                      | $      | 228,213 |   |
| Restricted Cash                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |                    | 251,136   |   |                      |   | 271,624 |   |
| Trade Receivables, net                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |                    | 98,022    |   |                      |   | 93,021 |   |
| Deferred Tax Asset, current                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |                    | 240,506   |   |                      |   | 206,338 |   |
| Prepaid Interest                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |                    | 52,000    |   |                      |   | 104,000 |   |
| Prepaid Expenses                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |                    | 34,883    |   |                      |   | 30,584 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |                    |      |   |                      |   |   |   |
| Total Current Assets                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |                    | 856,189   |   |                      |   | 933,780 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |                    |      |   |                      |   |   |   |
| PROPERTY AND EQUIPMENT, NET                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |                    | 33,859    |   |                      |   | 52,400 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |                    |      |   |                      |   |   |   |
| OTHER ASSETS                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |                    |      |   |                      |   |   |   |
| Intangible Assets, net                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |                    | 4,728,043 |   |                      |   | 4,932,499 |   |
| Deferred Tax Asset, Non-current                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |                    | 74,945    |   |                      |   | 65,678 |   |
| Other                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |                    | 63,315    |   |                      |   | 85,250 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |                    |      |   |                      |   |   |   |
| Total Assets                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   | $                       | 5,756,351 |   |                      | $      | 6,069,607 |   |
|                                                                                                                      |   |                    |      |   |                      |   |   |   |
| LIABILITIES AND STOCKHOLDERS' EQUITY                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |                    |      |   |                      |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |                    |      |   |                      |   |   |   |
| CURRENT LIABILITIES                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |                    |      |   |                      |   |   |   |
| ACH Settlements Payable                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   | $                       | 221,531   |   |                      | $      | 258,019 |   |
| Current Portion Long-Term Debt                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |                    | 1,434,600 |   |                      |   | 2,422,100 |   |
| Accounts Payable and Accrued Liabilities                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |                    | 37,161    |   |                      |   | 63,022 |   |
| Customers’ Deposits                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |                    | 29,605    |   |                      |   | 13,605 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |                    |      |   |                      |   |   |   |
| Total Current Liabilities                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |                    | 1,722,897 |   |                      |   | 2,756,746 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |                    |      |   |                      |   |   |   |
| LONG TERM LIABILITIES                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |                    |      |   |                      |   |   |   |
| Notes Payable                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |                    | 2,673,775 |   |                      |   | 2,610,325 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |                    |      |   |                      |   |   |   |
| Total Liabilities                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |                    | 4,396,672 |   |                      |   | 5,367,071 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |                    |      |   |                      |   |   |   |
| STOCKHOLDERS' EQUITY                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |                    |      |   |                      |   |   |   |
| Common Stock - $.001 Par Value; 75,000,000 Shares Authorized, 39,445,129 and 34,272,629  shares Issued and Outstanding at June 30, 2010 and December 31, 2009                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |                    | 39,355    |   |                      |   | 34,272 |   |
| Additional Paid-In Capital                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |                    | 1,743,851 |   |                      |   | 847,339 |   |
| Retained Earnings                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |                    | (423,527  | )      |                      |   | (179,075 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |                    |      |   |                      |   |   |   |
| Total Stockholders' Equity                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |                    | 1,359,679 |   |                      |   | 702,536 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |                    |      |   |                      |   |   |   |
| Total Liabilities and Stockholders' Equity                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   | $                       | 5,756,351 |   |                      | $      | 6,069,607 |   |

----

UNITED

|                                                                                                                                                                                                                                                                                                                                                                                                                             |   | Three Months EndedJune 30, |   |   |   | Six Months EndedJune 30, |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------------------------|--------|--------|--------|-------------------------------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                             |   | 2010                            |   |   |   | 2009                          |   |   |   | 2010 |   |   |   | 2009 |   |
| Revenues                                                                     |   |                            |   |   |   |                          |   |   |   |   |   |   |   |   |   |
| ACH Services                                                                                                                                                                                                                                                                                                                                                                                                                     | $      | 341,190                         |   |   | $      | 179,429                       |   |   | $ | 614,226 |   |   | $ | 425,275 |   |
| Verification Services                                                                                                                                                                                                                                                                                                                                                                                                            |   | 9,349                           |   |   |   | 62,482                        |   |   |   | 29,667 |   |   |   | 129,343 |   |
| Credit Card Services                                                                                                                                                                                                                                                                                                                                                                                                             |   | 388,680                         |   |   |   | 450,501                       |   |   |   | 767,163 |   |   |   | 958,368 |   |
| Total Revenues                                                                                                                                                                                                                                                                                                                                                                                                                   |   | 739,219                         |   |   |   | 692,412                       |   |   |   | 1,411,056 |   |   |   | 1,512,986 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                             |   |                            |   |   |   |                          |   |   |   |   |   |   |   |   |   |
| Cost of Revenues                                                                                                                                                                                                                                                                                                                                                                                                                 |   | 241,077                         |   |   |   | 205,157                       |   |   |   | 461,013 |   |   |   | 420,583 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                             |   |                            |   |   |   |                          |   |   |   |   |   |   |   |   |   |
| Gross Profit                                                                                                                                                                                                                                                                                                                                                                                                                     |   | 498,142                         |   |   |   | 487,255                       |   |   |   | 950,043 |   |   |   | 1,092,403 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                             |   |                            |   |   |   |                          |   |   |   |   |   |   |   |   |   |
| Expenses:                                                                                                                                                                                                                                                                                                                                                                                                                        |   |                            |   |   |   |                          |   |   |   |   |   |   |   |   |   |
| Operating                                                                                                                                                                                                                                                                                                                                                                                                                        |   |                            |   |   |   |                          |   |   |   |   |   |   |   |   |   |
| Personnel costs                                                                                                                                                                                                                                                                                                                                                                                                                  |   | 37,375                          |   |   |   | 37,047                        |   |   |   | 70,300 |   |   |   | 65,562 |   |
| Travel                                                                                                                                                                                                                                                                                                                                                                                                                           |   | 13,038                          |   |   |   | 18,290                        |   |   |   | 25,795 |   |   |   | 40,961 |   |
| Amortization expense                                                                                                                                                                                                                                                                                                                                                                                                             |   | 152,208                         |   |   |   | 134,568                       |   |   |   | 298,536 |   |   |   | 269,136 |   |
| Commissions and fees expense                                                                                                                                                                                                                                                                                                                                                                                                     |   | 37,046                          |   |   |   | 32,819                        |   |   |   | 83,430 |   |   |   | 84,242 |   |
| Other                                                                                                                                                                                                                                                                                                                                                                                                                            |   | 55,176                          |   |   |   | 60,286                        |   |   |   | 116,146 |   |   |   | 123,921 |   |
| Total Operating Expenses                                                                                                                                                                                                                                                                                                                                                                                                         |   | 294,843                         |   |   |   | 283,010                       |   |   |   | 594,207 |   |   |   | 583,822 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                             |   |                            |   |   |   |                          |   |   |   |   |   |   |   |   |   |
| Selling, General & Administrative                                                                                                                                                                                                                                                                                                                                                                                            |   |                            |   |   |   |                          |   |   |   |   |   |   |   |   |   |
| Personnel costs                                                                                                                                                                                                                                                                                                                                                                                                                  |   | 129,525                         |   |   |   | 133,582                       |   |   |   | 259,386 |   |   |   | 239,248 |   |
| Legal and accounting                                                                                                                                                                                                                                                                                                                                                                                                             |   | 26,673                          |   |   |   | 23,649                        |   |   |   | 55,941 |   |   |   | 77,447 |   |
| Marketing                                                                                                                                                                                                                                                                                                                                                                                                                        |   | 6,590                           |   |   |   | 8,993                         |   |   |   | 12,329 |   |   |   | 17,249 |   |
| Consulting                                                                                                                                                                                                                                                                                                                                                                                                                       |   | --                              |   |   |   | --                            |   |   |   | -- |   |   |   | -- |   |
| Other                                                                                                                                                                                                                                                                                                                                                                                                                            |   | 3,315                           |   |   |   | 3,477                         |   |   |   |  7,122 |   |   |   |  5,137 |   |
| Total Selling, General & Administrative                                                                                                                                                                                                                                                                                                                                                                                      |   | 166,103                         |   |   |   | 169,701                       |   |   |   |  334,778 |   |   |   |  339,081 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                             |   |                            |   |   |   |                          |   |   |   |   |   |   |   |   |   |
| Total Expenses                                                                                                                                                                                                                                                                                                                                                                                                                   |   | 460,946                         |   |   |   | 452,711                       |   |   |   | 928,985 |   |   |   | 922,903 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                             |   |                            |   |   |   |                          |   |   |   |   |   |   |   |   |   |
| Income from operations                                                                                                                                                                                                                                                                                                                                                                                                           |   |   37,196              |   |   |   |   34,544            |   |   |   |  21,058 |   |   |   |  169,500 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                             |   |                            |   |   |   |                          |   |   |   |   |   |   |   |   |   |
| Other Income (expense):                                                                                                                                                                                                                                                                                                                                                                                                          |   |                            |   |   |   |                          |   |   |   |   |   |   |   |   |   |
| Interest Income                                                                                                                                                                                                                                                                                                                                                                                                                  |   | 5                               |   |   |   | 598                           |   |   |   | 466 |   |   |   | 1,060 |   |
| Interest Expense                                                                                                                                                                                                                                                                                                                                                                                                                 |   | (137,282                        | )      |   |   | (157,515                      | )      |   |   | (309,411 | ) |   |   | (302,305 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                                                             |   |                            |   |   |   |                          |   |   |   |   |   |   |   |   |   |
| Net Income (loss) before income taxes                                                                                                                                                                                                                                                                                                                                                                                            |   | (100,081                        | )      |   |   | (122,373                      | )      |   |   | (287,887 | ) |   |   | (131,745 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                                                             |   |                            |   |   |   |                          |   |   |   |   |   |   |   |   |   |
| Income tax benefit (expense)                                                                                                                                                                                                                                                                                                                                                                                                     |   | 9,267                           |   |   |   | 53,755                        |   |   |   |  43,435 |   |   |   |  56,879 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                             |   |                            |   |   |   |                          |   |   |   |   |   |   |   |   |   |
| Net (Loss) Income                                                                                                                                                                                                                                                                                                                                                                                                                | $      |   (90,814             | )      |   | $      |   (68,618           | )      |   | $ |  (244,452 | ) |   | $ |  (74,866 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                                                             |   |                            |   |   |   |                          |   |   |   |   |   |   |   |   |   |
| Net Income per Share                                                                                                                                                                                                                                                                                                                                                                                                             |   | NM                              |   |   |   | NM                            |   |   |   | NM |   |   |   | NM |   |

----

UNITED

|                                       |   | Common Stock |       |   | AdditionalPaid-In |   |   | Retained |   |   | TotalStockholders' |   |
|--------------------------------------------|--------|--------------|------------|--------|-------------------|--------|--------|----------|--------|--------|--------------------|--------|
|                                       |   | Shares       |       |   | Amount            |   |   | Capital  |   |   | Earnings           |   |   | Equity |   |
|                                       |   |         |       |   |              |   |   |     |   |   |               |   |   |   |   |
| Balance at January 1, 2009                 |   |         | 34,316,667 |   |              | $      | 34,317 |     |   | $      | 850,346            |   |   | $ | 221,912 |   |   | $ | 1,106,575 |   |
|                                       |   |         |       |   |              |   |   |     |   |   |               |   |   |   |   |   |   |   |   |   |
| Employees’ exercise of stock options |   |         | 42,500     |   |              |   | 42     |     |   |   | 1,233              |   |   |   | -- |   |   |   | 1,275 |   |
|                                       |   |         |       |   |              |   |   |     |   |   |               |   |   |   |   |   |   |   |   |   |
| Net Loss                                   |   |         | -          |   |              |   | -      |     |   |   | -                  |   |   |   | (74,866 | ) |   |   | (74,866 | ) |
|                                       |   |         |       |   |              |   |   |     |   |   |               |   |   |   |   |   |   |   |   |   |
| Balance at June 30, 2009                   |   |         | 34,359,167 |   |              | $      | 34,359 |     |   | $      | 851,579            |   |   | $ | 147,046 |   |   | $ | 1,032,984 |   |
|                                       |   |         |       |   |              |   |   |     |   |   |               |   |   |   |   |   |   |   |   |   |
|                                       |   |         |       |   |              |   |   |     |   |   |               |   |   |   |   |   |   |   |   |   |
|                                       |   |         |       |   |              |   |   |     |   |   |               |   |   |   |   |   |   |   |   |   |
| Balance at January 1, 2010                 |   |         | 34,272,629 |   |              | $      | 34,272 |     |   | $      | 847,339            |   |   | $ | (179,075 | ) |   | $ | 702,536 |   |
|                                       |   |         |       |   |              |   |   |     |   |   |               |   |   |   |   |   |   |   |   |   |
| Private Placement Equity Offering          |   |         | 5,072,500  |   |              |   | 5,073  |     |   |   | 893,522            |   |   |   | - |   |   |   | 898,595 |   |
|                                       |   |         |       |   |              |   |   |     |   |   |               |   |   |   |   |   |   |   |   |   |
| Employees’ exercise of stock options |   |         | 100,000    |   |              |   | 10     |     |   |   | 2,990              |   |   |   | - |   |   |   | 3,000 |   |
|                                       |   |         |       |   |              |   |   |     |   |   |               |   |   |   |   |   |   |   |   |   |
| Net Loss                                   |   |         | -          |   |              |   | -      |     |   |   | -                  |   |   |   | (244,452 | ) |   |   | (244,452 | ) |
|                                       |   |         |       |   |              |   |   |     |   |   |               |   |   |   |   |   |   |   |   |   |
| Balance at June 30, 2010                   |   |         | 39,445,129 |   |              | $      | 39,355 |     |   | $      | 1,743,851          |   |   | $ | (423,527 | ) |   | $ | 1,359,679 |   |

----

UNITED

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   | Six Months EndedJune 30,                                                                                      |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------------------------------------------------------------------------------------------------------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   | 2010                                                                                                               |   |   |   | 2009 |   |
|                                                                                                           |   |                     |   |       |   |                     |   |
| CASH FLOWS FROM OPERATING ACTIVITIES                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |                                                                                                               |   |   |   |   |   |
| Net (Loss)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             | $      | (244,452                                                                                                           | )      |   | $ | (74,866 | ) |
| Adjustments to Reconcile Net (Loss) to Net                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |                                                                                                               |   |   |   |   |   |
| Cash Provided by Operating Activities                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |                                                                                                               |   |   |   |   |   |
| Depreciation and Amortization                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   | 317,662                                                                                                            |   |   |   | 285,452 |   |
| (Increase) in Trade Receivables                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   | (5,001                                                                                                             | )      |   |   | (16,338 | ) |
| (Increase) in Prepaid Expenses                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   | (4,299                                                                                                             | )      |   |   | (4,440 | ) |
| Decrease in Prepaid Interest                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   | 52,000                                                                                                             |   |   |   | 45,150 |   |
| Decrease in Restricted Cash                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   | 20,488                                                                                                             |   |   |   | 253,531 |   |
| Increase in Deferred Tax Asset                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   | (43,435                                                                                                            | )      |   |   | (56,879 | ) |
| Decrease in ACH Settlements Payable                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   | (36,488                                                                                                            | )      |   |   | (250,732 | ) |
| (Decrease) in Accounts Payable and Accrued Liabilities                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   | (25,861                                                                                                            | )      |   |   | (24,444 | ) |
| Increase (Decrease) in Customer Deposits                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   | 16,000                                                                                                             |   |   |   | (2,800 | ) |
| Net Cash Provided by Operating Activities                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   | 46,614                                                                                                             |   |   |   | 153,634 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |                                                                                                               |   |   |   |   |   |
| CASH FLOWS FROM INVESTING ACTIVITIES                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |                                                                                                               |   |   |   |   |   |
| Acquisition of Property and Equipment                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   | (2,496                                                                                                             | )      |   |   | (10,580 | ) |
|     Proceeds from Asset Purchase Escrow                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   | --                                                                                                                 |   |   |   | 61,818 |   |
| Cash paid in Conjunction with acquisition of Portfolio Asset                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   | (94,080                                                                                                            | )      |   |   | -- |   |
| Net Cash Used in Investing Activities                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   | (96,576                                                                                                            | )      |   |   | (51,238 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |                                                                                                               |   |   |   |   |   |
| CASH FLOWS FROM FINANCING ACTIVITIES                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |                                                                                                               |   |   |   |   |   |
| Net Proceeds from Private Placement Stock Offering                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   | 898,595                                                                                                            |   |   |   | -- |   |
| Proceeds from notes payable                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   | 94,000                                                                                                             |   |   |   | -- |   |
|     Proceeds from Employee Exercise of Stock Options                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   | 3,000                                                                                                              |   |   |   | 1,275 |   |
| Principal paid on notes payable                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   | (994,204                                                                                                           | )      |   |   | (152,183 | ) |
| Net Cash Provided by (Used in) Financing Activities                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   | 1,391                                                                                                              |   |   |   | (150,964 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |                                                                                                               |   |   |   |   |   |
| NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   | (48,571                                                                                                            | )      |   |   | 53,964 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |                                                                                                               |   |   |   |   |   |
| CASH AND CASH EQUIVALENTS – BEGINNING OF PERIOD                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   | 228,213                                                                                                            |   |   |   | 366,844 |   |
| CASH AND CASH EQUIVALENTS – END OF PERIOD                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        | $      | 179,642                                                                                                            |   |   | $ | 420,808 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |                                                                                                               |   |   |   |   |   |
| SUPPLEMENTAL DISCLOSURES                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |                                                                                                               |   |   |   |   |   |
| Cash Paid During the Period for Interest                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               | $      | 257,411                                                                                                            |   |   | $ | 257,155 |   |
|     Cash Paid During the Period for Taxes                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | $      | --                                                                                                                 |   |   | $ | 5,000 |   |

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| A summary of the purchase price of NDS is as follows:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |   |      |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|-----------|
| Cash paid to stockholders of NDS, net of cash acquired from NDS                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   | $      | 272,099   |   |
| Direct acquisition costs paid by the Company                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |   | 35,329    |   |
| Promissory note issued to stockholders of NDS                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |   | 2,720,000 |   |
| Fair value of 7,800,000 shares of stock issued                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |   | 390,000   |   |
|                                                                                                        |   |   |      |   |
| Total purchase price                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   | $      | 3,417,428 |   |

| Tangible assets acquired and liabilities assumed                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |   |      |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|-----------|
| Property and Equipment                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   | $      | 14,503    |   |
|                                                                                                        |   |   |      |   |
|   Net tangible assets acquired                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |   | 14,503    |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |   |      |   |
| Identifiable intangibles                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |   |      |   |
| Customer relationships and contracts                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |   | 3,402,925 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |   |      |   |
| Total purchase price                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   | $      | 3,417,428 |   |

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| Cost of Revenue:                                                                                                                                                                                                         |               | Three MonthsEndedJune 30,2010 |                                                                                             | Percentage         |                                                                                             |   |   | Three MonthsEndedJune 30,2009 |                                                                                             | Percentage |                                                                                             |   | VarianceDollars    |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------|-------------------------------|--------------------------------------------------------------------------------------------------|--------------------|--------------------------------------------------------------------------------------------------|--------|--------|-------------------------------|--------------------------------------------------------------------------------------------------|------------|--------------------------------------------------------------------------------------------------|--------|--------------------|--------|
|                                      |     |                          |                  |     |                  |   |   |                          |                  |       |                  |   |     |   |                  |   |
|   ACH Services                                                                                                                                                                                            |               | $                             | 106,665                                                                                          |               | 44.3                                                                                             | %      |   | $                             | 83,014                                                                                           |       | 40.5                                                                                             | %      |               | $      | 23,651 |   |
|                                                                                                                                                                                                                |               |                          |                                                                                             |               |                                                                                             |   |   |                          |                                                                                             |       |                                                                                             |   |               |   |   |   |
|   Verification Services                                                                                                                                                                                        |               |                          | 3,544                                                                                            |               |  1.5                                                                                        | %      |   |                          | 26,775                                                                                           |       | 13.1                                                                                             | %      |               |   |  (23,231 | ) |
|                                                                                                                                                                                                                |               |                          |                                                                                             |               |                                                                                             |   |   |                          |                                                                                             |       |                                                                                             |   |               |   |   |   |
|   Credit Card Services                                                                                                                                                                                         |               |                          | 130,868                                                                                          |               | 54.2                                                                                             | %      |   |                          | 95,368                                                                                           |       | 46.4                                                                                             | %      |               |   | 35,500 |   |
|                                                                                                                                                                                                                     |               |                          |                                                                                             |               |                                                                                             |   |   |                          |                                                                                             |       |                                                                                             |   |               |   |   |   |
| Total Cost of Revenue                                                                                                                                                                                     |               | $                             | 241,077                                                                                          |               | 100.0                                                                                            | %      |   | $                             | 205,157                                                                                          |       | 100.0                                                                                            | %      |               | $      | 35,920 |   |

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| Cost of Revenue:                                                                                                                                                                                                         |               | Six MonthsEndedJune 30,2010 |                                                                                             | Percentage         |                                                                                             |   |   |  Six MonthsEndedJune 30,2009 |                                                                                             | Percentage |                                                                                             |   | VarianceDollars    |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------|-----------------------------|--------------------------------------------------------------------------------------------------|--------------------|--------------------------------------------------------------------------------------------------|--------|--------|-----------------------------------|--------------------------------------------------------------------------------------------------|------------|--------------------------------------------------------------------------------------------------|--------|--------------------|--------|
|                                      |     |                        |                  |     |                  |   |   |                              |                  |       |                  |   |     |   |                  |   |
|   ACH Services                                                                                                                                                                                            |               | $                           | 176,995                                                                                          |               | 38.4                                                                                             | %      |   | $                                 | 165,235                                                                                          |       | 39.3                                                                                             | %      |               | $      | 11,760 |   |
|                                                                                                                                                                                                                |               |                        |                                                                                             |               |                                                                                             |   |   |                              |                                                                                             |       |                                                                                             |   |               |   |   |   |
|   Verification Services                                                                                                                                                                                        |               |                        | 10,906                                                                                           |               |  2.4                                                                                        | %      |   |                              | 68,042                                                                                           |       | 16.2                                                                                             | %      |               |   |  (57,136 | ) |
|                                                                                                                                                                                                                |               |                        |                                                                                             |               |                                                                                             |   |   |                              |                                                                                             |       |                                                                                             |   |               |   |   |   |
|   Credit Card Services                                                                                                                                                                                         |               |                        | 273,112                                                                                          |               | 59.2                                                                                             | %      |   |                              | 187,306                                                                                          |       | 44.5                                                                                             | %      |               |   | 85,806 |   |
|                                                                                                                                                                                                                     |               |                        |                                                                                             |               |                                                                                             |   |   |                              |                                                                                             |       |                                                                                             |   |               |   |   |   |
| Total Cost of Revenue                                                                                                                                                                                     |               | $                           | 461,013                                                                                          |               | 100.0                                                                                            | %      |   | $                                 | 420,583                                                                                          |       | 100.0                                                                                            | %      |               | $      | 40,430 |   |

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| ·   | We may experience reductions in the amount of payments we process for merchants as a result of a downturn in consumer activity and consumer confidence. |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | We may be negatively impacted in our credit card processing business if consumers are unable to maintain existing credit card limits or have credit card services terminated. |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | We may experience difficulties in maintaining or re-financing our existing credit facilities at either equivalent or more favorable rates. |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | New sources of borrowed capital may become more expensive or unavailable which may inhibit our ability to grow. |
|--------------------|-----------------------------------------------------------------------------------------------------------------|

| ·   | Competition may become more intense and we may be required to reduce pricing to maintain the business we have and/or to obtain new business through our existing sales force. |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|                 |   |                                                                                                                                                                                                                              |
|--------------------------------------------------------------------------------------------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 10.1                                                                                       |   | Fourth Amendment to Agreements, dated June 30, 2010, to the Thermo Credit, LLC Loan, Pledge and Security Agreement and related Promissory Note (incorporated by reference to Exhibit 10.1 to our Form 8-K filed on July 2, 2010). |
| 31.1                                                                                       |   | Certification of Principal Executive Officer under Section 302 of the Sarbanes-Oxley Act of 2002.*                                                                                                                                |
| 31.2                                                                                       |   | Certification of Principal Financial Officer under Section 302 of the Sarbanes-Oxley Act of 2002.*                                                                                                                                |
| 32.1                                                                                       |   | Certification of Principal Executive Officer under Section 906 of the Sarbanes-Oxley Act of 2002.*                                                                                                                                |
| 32.2                                                                                       |   | Certification of Principal Financial Officer under Section 906 of the Sarbanes-Oxley Act of 2002.*                                                                                                                                |

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SIGNATURES

|                                                                                                                                                                                                                                                                                                                                                                                                         | UNITED ESYSTEMS, INC.                                                                                                                 |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------|
|                                                                    |                                                                                                         |
| Date:   August 17, 2010                                                                                                                                                                                                                                                                                                                                         | By:/s/ Walter Reid Green, Jr.                                                                                                         |
|                                                                                                                                                                                                                                                                                                                                                                                                         |       Walter Reid Green, Jr.                                                                            |
|                                                                                                                                                                                                                                                                                                                                                                                                         |       Chief Executive Officer, President and      Chief Financial Officer |
|                                                                                                                                                                                                                                                                                                                                                                                                         |       (Principal Executive Officer and Principal Financial Officer)                                     |