<TABLE> <S> <C>


<ARTICLE>                     5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM ELECTRONIC
PROCESSING, INC. STATEMENT OF INCOME FOR YEAR AND THREE MONTHS ENDED
DECEMBER 31, 1999 AND MARCH 31, 2000, RESPECTIVELY, AND BALANCE SHEET AS OF
DECEMBER 31, 1999 AND MARCH 31, 2000, AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>

<S>                                           <C>                      <C>
<PERIOD-TYPE>                                  12-MOS                  3-MOS
<FISCAL-YEAR-END>                              DEC-31-1999             DEC-31-2000
<PERIOD-START>                                 JAN-01-1999             JAN-01-2000
<PERIOD-END>                                   DEC-31-1999             MAR-31-2000
<CASH>                                           3,426,059              19,165,582
<SECURITIES>                                     8,868,621              17,118,953
<RECEIVABLES>                                            0                       0
<ALLOWANCES>                                             0                       0
<INVENTORY>                                              0                       0
<CURRENT-ASSETS>                                12,631,501              36,625,114
<PP&E>                                           2,458,678               2,562,179
<DEPRECIATION>                                     116,862                 199,849
<TOTAL-ASSETS>                                  14,973,317              38,987,444
<CURRENT-LIABILITIES>                              401,263                 740,599
<BONDS>                                                  0                       0
<PREFERRED-MANDATORY>                                    0                       0
<PREFERRED>                                          1,752                     936
<COMMON>                                            44,311                  62,065
<OTHER-SE>                                      14,023,650              36,728,825
<TOTAL-LIABILITY-AND-EQUITY>                    14,973,317              38,987,444
<SALES>                                                  0                       0
<TOTAL-REVENUES>                                         0                       0
<CGS>                                                    0                       0
<TOTAL-COSTS>                                    8,551,973               2,548,379
<OTHER-EXPENSES>                                         0                       0
<LOSS-PROVISION>                                         0                       0
<INTEREST-EXPENSE>                                       0                       0
<INCOME-PRETAX>                                 (7,867,563)             (2,266,851)
<INCOME-TAX>                                             0                       0
<INCOME-CONTINUING>                             (7,867,563)             (2,266,851)
<DISCONTINUED>                                           0                       0
<EXTRAORDINARY>                                          0                       0
<CHANGES>                                                0                       0
<NET-INCOME>                                    (7,867,563)<F1>         (2,266,851)<F1>
<EPS-BASIC>                                           (.74)                   (.17)
<EPS-DILUTED>                                            0                       0
<FN>
(1) EPS-BASIC
</FN>


</TABLE>