----

----

| 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                                  | 19 |
|                                 |                                                                                        |   |
| Item 4.                              | Controls And Procedures                                                                     | 20 |
|             |                                                                                        |   |
| Part II – Other Information    |                                                                                        |
|             |                                                                                        |   |
| Item 1.                              | Legal Proceedings                                                                           | 21 |
|                                 |                                                                                        |   |
| Item 1A.                             | Risk Factors                                                                                | 21 |
|             |                                                                                        |   |
| Item 2.                              | Unregistered Sales of Equity Securities and Use of Proceeds                                 | 21 |
|             |                                                                                        |   |
| Item 3.                              | Defaults Upon Senior Securities                                                             | 21 |
|             |                                                                                        |   |
| Item 4.                              | [Removed and Reserved]                                                                      | 21 |
|             |                                                                                        |   |
| Item 5.                              | Other Information                                                                           | 21 |
|             |                                                                                        |   |
| Item 6.                              | Exhibits                                                                                    | 21 |
|             |                                                                                        |   |
|                                 | Signatures                                                                                  | 22 |

----

|   | · | 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                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   | March 31,2011(Unaudited) |       |   | December 31,2010(Audited) |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------------|------------|--------|---------------------------|--------|
|                                                                                                                                                                                            |   |                     |       |   |                      |   |
| CURRENT ASSETS                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |                     |       |   |                      |   |
| Cash and Cash Equivalents                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   | $                        | 138,324    |   |                      | $      | 137,732 |   |
| Restricted Cash                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |                     | 258,568    |   |                      |   | 406,594 |   |
| Trade Receivables, net                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |                     | 30,378     |   |                      |   | 66,838 |   |
| Deferred Tax Asset, current                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |                     | --         |   |                      |   | -- |   |
| Prepaid Interest                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |                     | --         |   |                      |   | 20,000 |   |
| Prepaid Expenses                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |                     | 45,493     |   |                      |   | 11,877 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |                     |       |   |                      |   |   |   |
| Total Current Assets                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |                     | 472,763    |   |                      |   | 643,041 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |                     |       |   |                      |   |   |   |
| PROPERTY AND EQUIPMENT, NET                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |                     | 20,574     |   |                      |   | 26,369 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |                     |       |   |                      |   |   |   |
| OTHER ASSETS                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |                     |       |   |                      |   |   |   |
| Intangible Assets, net                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |                     | 4,299,623  |   |                      |   | 4,465,934 |   |
| Deferred Tax Asset, Non-current                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |                     | --         |   |                      |   | -- |   |
| Other                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |                     | 63,315     |   |                      |   | 63,315 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |                     |       |   |                      |   |   |   |
| Total Assets                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   | $                        | 4,856,275  |   |                      | $      | 5,198,659 |   |
|                                                                                                                      |   |                     |       |   |                      |   |   |   |
| LIABILITIES AND STOCKHOLDERS’ EQUITY                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |                     |       |   |                      |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |                     |       |   |                      |   |   |   |
| CURRENT LIABILITIES                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |                     |       |   |                      |   |   |   |
| ACH Settlements Payable                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   | $                        | 230,963    |   |                      | $      | 378,988 |   |
| Current Portion Long-Term Debt                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |                     | --         |   |                      |   | 867,484 |   |
| Accounts Payable and Accrued Liabilities                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |                     | 35,600     |   |                      |   | 54,325 |   |
| Customers’ Deposits                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |                     | 27,605     |   |                      |   | 27,605 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |                     |       |   |                      |   |   |   |
| Total Current Liabilities                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |                     | 294,168    |   |                      |   | 1,328,402 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |                     |       |   |                      |   |   |   |
| LONG TERM LIABILITIES                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |                     |       |   |                      |   |   |   |
| Notes Payable                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |                     | 4,097,459  |   |                      |   | 3,221,841 |   |
| Deferred Tax Liabilities, non-current                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |                     | 3,051      |   |                      |   | 3,051 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |                     |       |   |                      |   |   |   |
| Total Liabilities                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |                     | 4,394,678  |   |                      |   | 4,553,294 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |                     |       |   |                      |   |   |   |
| STOCKHOLDERS’ EQUITY                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |                     |       |   |                      |   |   |   |
| Common Stock - $.001 Par Value; 75,000,000 Shares Authorized, 3,950,888 and 3,944,513  shares Issued and Outstanding at March 31, 2011 and December 31, 2010                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |                     | 39,451     |   |                      |   | 39,445 |   |
| Additional Paid-In Capital                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |                     | 1,756,505  |   |                      |   | 1,743,761 |   |
| Retained Earnings                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |                     | (1,334,359 | )      |                      |   | (1,137,841 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |                     |       |   |                      |   |   |   |
| Total Stockholders’ Equity                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |                     | 461,597    |   |                      |   | 645,365 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |                     |       |   |                      |   |   |   |
| Total Liabilities and Stockholders’ Equity                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   | $                        | 4,856,275  |   |                      | $      | 5,198,659 |   |

----

UNITED

|                                        |   | Three Months EndedMarch 31,                                                                                         |   |
|---------------------------------------------|--------|--------------------------------------------------------------------------------------------------------------------------|--------|
|                                        |   | 2011                                                                                                                     |   |   |   | 2010 |   |
| Revenues                                    |   |                      |   |     |   |                      |   |
| ACH Services                                | $      | 110,053                                                                                                                  |   |   | $ | 273,037 |   |
| Verification Services                       |   | 6,173                                                                                                                    |   |   |   | 20,318 |   |
| Credit Card Services                        |   | 435,404                                                                                                                  |   |   |   | 378,482 |   |
| Total Revenues                              |   | 551,630                                                                                                                  |   |   |   | 671,837 |   |
|                                        |   |                                                                                                                     |   |   |   |   |   |
| Cost of Revenues                            |   | 198,404                                                                                                                  |   |   |   | 219,936 |   |
|                                        |   |                                                                                                                     |   |   |   |   |   |
|    Gross Profit              |   | 353,226                                                                                                                  |   |   |   | 451,901 |   |
|                                        |   |                                                                                                                     |   |   |   |   |   |
| Expenses:                                   |   |                                                                                                                     |   |   |   |   |   |
| Operating                                   |   |                                                                                                                     |   |   |   |   |   |
| Personnel costs                             |   | 40,786                                                                                                                   |   |   |   | 32,925 |   |
| Travel expense                              |   | 10,024                                                                                                                   |   |   |   | 12,756 |   |
| Amortization expense                        |   | 166,311                                                                                                                  |   |   |   | 146,328 |   |
| Commissions and fees expense                |   | 17,634                                                                                                                   |   |   |   | 46,384 |   |
| Other                                       |   | 60,901                                                                                                                   |   |   |   | 60,459 |   |
| Total Operating Expenses                    |   | 295,656                                                                                                                  |   |   |   | 298,852 |   |
|                                        |   |                                                                                                                     |   |   |   |   |   |
|                                        |   |                                                                                                                     |   |   |   |   |   |
| Selling, General & Administrative       |   |                                                                                                                     |   |   |   |   |   |
| Personnel costs                             |   | 117,713                                                                                                                  |   |   |   | 129,861 |   |
| Legal and accounting expenses               |   | 18,396                                                                                                                   |   |   |   | 29,268 |   |
| Marketing                                   |   | 9,550                                                                                                                    |   |   |   | 5,739 |   |
| Consulting                                  |   | --                                                                                                                       |   |   |   | -- |   |
| Other                                       |   | 6,725                                                                                                                    |   |   |   | 4,320 |   |
| Total Selling, General & Administrative |   | 152,384                                                                                                                  |   |   |   | 169,188 |   |
|                                        |   |                                                                                                                     |   |   |   |   |   |
| Total Expenses                              |   | 448,040                                                                                                                  |   |   |   | 468,040 |   |
|                                        |   |                                                                                                                     |   |   |   |   |   |
| Loss from operations                   |   | (94,814                                                                                                                  | )      |   |   | (16,139 | ) |
|                                        |   |                                                                                                                     |   |   |   |   |   |
| Other Income (expense):                     |   |                                                                                                                     |   |   |   |   |   |
| Interest Income                             |   | 14                                                                                                                       |   |   |   | 461 |   |
| Interest Expense                            |   | (101,718                                                                                                                 | )      |   |   | (172,129 | ) |
|                                        |   |                                                                                                                     |   |   |   |   |   |
| Net (Loss) before income taxes              |   | (196,518                                                                                                                 | )      |   |   | (187,847 | ) |
|                                        |   |                                                                                                                     |   |   |   |   |   |
| Income tax benefit (expense)                |   | --                                                                                                                       |   |   |   | 34,168 |   |
|                                        |   |                                                                                                                     |   |   |   |   |   |
| Net (Loss)                                  | $      | (196,518                                                                                                                 | )      |   | $ | (153,679 | ) |
|                                        |   |                                                                                                                     |   |   |   |   |   |
| Net Loss per Share                          | $      | (.04)                                                                                                                    |   |   | $ | (.04) |   |

----

UNITED

|                              |   | Common Stock |      |   | AdditionalPaid-In |   |   | Retained |   |   | TotalStockholders’ |   |
|-----------------------------------|--------|--------------|-----------|--------|-------------------|--------|--------|----------|--------|--------|--------------------------|--------|
|                              |   | Shares       |      |   | Amount            |   |   | Capital  |   |   | Earnings                 |   |   | Equity |   |
|                              |   |         |      |   |              |   |   |     |   |   |                     |   |   |   |   |
| Balance at January 1, 2010        |   |         | 3,427,263 |   |              | $      | 34,272 |     |   | $      | 847,339                  |   |   | $ | (179,075 | ) |   | $ | 702,536 |   |
|                              |   |         |      |   |              |   |   |     |   |   |                     |   |   |   |   |   |   |   |   |   |
| Private Placement Equity Offering |   |         | 507,250   |   |              |   | 5,073  |     |   |   | 893,522                  |   |   |   |   |   |   |   | 898,595 |   |
|                              |   |         |      |   |              |   |   |     |   |   |                     |   |   |   |   |   |   |   |   |   |
| Net Loss                          |   |         | -         |   |              |   | -      |     |   |   | -                        |   |   |   | (153,679 | ) |   |   | (153,679 | ) |
|                              |   |         |      |   |              |   |   |     |   |   |                     |   |   |   |   |   |   |   |   |   |
| Balance at March 31, 2010         |   |         | 3,934,513 |   |              | $      | 39,345 |     |   | $      | 1,740,861                |   |   | $ | (332,754 | ) |   | $ | 1,447,452 |   |
|                              |   |         |      |   |              |   |   |     |   |   |                     |   |   |   |   |   |   |   |   |   |
|                              |   |         |      |   |              |   |   |     |   |   |                     |   |   |   |   |   |   |   |   |   |
|                              |   |         |      |   |              |   |   |     |   |   |                     |   |   |   |   |   |   |   |   |   |
| Balance at January 1, 2011        |   |         | 3,944,513 |   |              | $      | 39,445 |     |   | $      | 1,743,761                |   |   | $ | (1,137,841 | ) |   | $ | 645,365 |   |
|                              |   |         |      |   |              |   |   |     |   |   |                     |   |   |   |   |   |   |   |   |   |
| Stock Issued to Employees         |   |         | 6,375     |   |              |   | 6      |     |   |   | 12,744                   |   |   |   | - |   |   |   | 12,750 |   |
|                              |   |         |      |   |              |   |   |     |   |   |                     |   |   |   |   |   |   |   |   |   |
| Net Loss                          |   |         | -         |   |              |   | -      |     |   |   | -                        |   |   |   | (196,518 | ) |   |   | (196,518 | ) |
|                              |   |         |      |   |              |   |   |     |   |   |                     |   |   |   |   |   |   |   |   |   |
| Balance at March 31, 2011         |   |         | 3,950,888 |   |              | $      | 39,451 |     |   | $      | 1,756,505                |   |   | $ | (1,334,359 | ) |   | $ | 461,597 |   |

----

UNITED

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   | Three Months EndedMarch 31,                                                                                   |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------------------------------------------------------------------------------------------------------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   | 2011                                                                                                               |   |   |   | 2010 |   |
|                                                                                                           |   |                     |   |       |   |                     |   |
| CASH FLOWS FROM OPERATING ACTIVITIES                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |                                                                                                               |   |   |   |   |   |
| Net (Loss)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             | $      | (196,518                                                                                                           | )      |   | $ | (153,679 | ) |
| Adjustments to Reconcile Net (Loss) to Net                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |                                                                                                               |   |   |   |   |   |
| Cash (Used In) Provided by Operating Activities                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |                                                                                                               |   |   |   |   |   |
| Depreciation and Amortization                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   | 172,106                                                                                                            |   |   |   | 156,824 |   |
| Decrease (Increase) in Trade Receivables                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   | 36,460                                                                                                             |   |   |   | (8,662 | ) |
| (Increase) in Prepaid Expenses                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   | (33,616                                                                                                            | )      |   |   | (2,315 | ) |
| Decrease in Prepaid Interest                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   | 20,000                                                                                                             |   |   |   | 26,000 |   |
| Decrease in Restricted Cash                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   | 148,026                                                                                                            |   |   |   | 8,528 |   |
| Increase in Deferred Tax Asset                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |    --                                                                                               |   |   |   | (34,168 | ) |
| Decrease in ACH Settlements Payable                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   | (148,025                                                                                                           | )      |   |   | (19,529 | ) |
| (Decrease) Increase in Accounts Payable and Accrued Liabilities                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   | (18,725                                                                                                            | )      |   |   | 46,597 |   |
| Increase in Customer Deposits                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   | --                                                                                                                 |   |   |   | 11,000 |   |
| Net Cash (Used in) Provided by Operating Activities                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   | (20,292)                                                                                                           |   |   |   | 30,596 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |                                                                                                               |   |   |   |   |   |
| CASH FLOWS FROM INVESTING ACTIVITIES                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |                                                                                                               |   |   |   |   |   |
| Acquisition of Property and Equipment                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   | --                                                                                                                 |   |   |   | -- |   |
| Cash paid in Conjunction with acquisition of Portfolio Asset                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   | --                                                                                                                 |   |   |   | (94,080 | ) |
| Net Cash Used in Investing Activities                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   | --                                                                                                                 |   |   |   | (94,080 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |                                                                                                               |   |   |   |   |   |
| CASH FLOWS FROM FINANCING ACTIVITIES                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |                                                                                                               |   |   |   |   |   |
| Net Proceeds from Private Placement Stock Offering                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   | --                                                                                                                 |   |   |   | 898,595 |   |
| Proceeds from notes payable                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   | 113,500                                                                                                            |   |   |   | 94,000 |   |
| Principal paid on notes payable                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   | (92,616                                                                                                            | )      |   |   | (971,362 | ) |
| Net Cash Provided by Financing Activities                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   | 20,884                                                                                                             |   |   |   | 21,233 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |                                                                                                               |   |   |   |   |   |
| NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   | 592                                                                                                                |   |   |   | (42,251 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |                                                                                                               |   |   |   |   |   |
| CASH AND CASH EQUIVALENTS – BEGINNING OF PERIOD                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   | 137,732                                                                                                            |   |   |   | 228,213 |   |
| CASH AND CASH EQUIVALENTS – END OF PERIOD                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        | $      | 138,324                                                                                                            |   |   | $ | 185,962 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |                                                                                                               |   |   |   |   |   |
| SUPPLEMENTAL DISCLOSURES                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |                                                                                                               |   |   |   |   |   |
| Cash Paid During the Period for Interest                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               | $      | 101,718                                                                                                            |   |   | $ | 146,129 |   |

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UNITED

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| Cost of Revenue:                                                                                                                                                                                                         |               | Three MonthsEndedMarch 31,2011 |                                                                                             | Percentage         |                                                                                             |   |   | Three MonthsEndedMarch 31,2010 |                                                                                             | Percentage         |                                                                                             |   | VarianceDollars    |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------|--------------------------------|--------------------------------------------------------------------------------------------------|--------------------|--------------------------------------------------------------------------------------------------|--------|--------|--------------------------------|--------------------------------------------------------------------------------------------------|--------------------|--------------------------------------------------------------------------------------------------|--------|--------------------|--------|
|                                      |     |                           |                  |     |                  |   |   |                           |                  |     |                  |   |     |   |                  |   |
|   ACH Services                                                                                                                                                                                            |               | $                              | 54,145                                                                                           |               | 27.3                                                                                             | %      |   | $                              | 70,300                                                                                           |               | 32.0                                                                                             | %      |               | $      | (16,155 | ) |
|                                                                                                                                                                                                                |               |                           |                                                                                             |               |                                                                                             |   |   |                           |                                                                                             |               |                                                                                             |   |               |   |   |   |
|   Verification Services                                                                                                                                                                                        |               |                           | 7,216                                                                                            |               |  3.6                                                                                        | %      |   |                           | 7,362                                                                                            |               |  3.4                                                                                        | %      |               |   |  (146 | ) |
|                                                                                                                                                                                                                |               |                           |                                                                                             |               |                                                                                             |   |   |                           |                                                                                             |               |                                                                                             |   |               |   |   |   |
|   Credit Card Services                                                                                                                                                                                         |               |                           | 137,043                                                                                          |               | 69.1                                                                                             | %      |   |                           | 142,274                                                                                          |               | 64.6                                                                                             |   |               |   | (5,231 | ) |
|                                                                                                                                                                                                                     |               |                           |                                                                                             |               |                                                                                             |   |   |                           |                                                                                             |               |                                                                                             |   |               |   |   |   |
| Total Cost of Revenue                                                                                                                                                                                     |               | $                              | 198,404                                                                                          |               | 100.0                                                                                            | %      |   | $                              | 219,936                                                                                          |               | 100.0                                                                                            | %      |               | $      | (21,532 | ) |

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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                                                                                       |   | Amended agreement dated April 8, 2011, to Unsecured Promissory Note between William Plummer and United eSystems, Inc. (incorporated by reference to Exhibit 10.1 to our Form 8-K filed on April 13, 2011). |
| 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:   May 23, 2011                                                                                                                                                                                                                                                                                                                                       | 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)                                     |