INDIANAPOLIS, Ind. — Indiana-based First Internet Bank (First IB — NASDAQ-OTCBB:FIBP) announced today it has begun issuing debit cards that include the Visa payWave (contactless) feature. These contactless debit cards promise First IB cardholders a faster and easier check-out, with the same security protection given to traditional magnetic stripe cards.

By holding the debit card close to a contactless card reader, customers can complete a purchase transaction in seconds. The cardholder remains in possession of his or her card at all times and, for most purchases under $25, will not be required to sign. When the merchant does not accept contactless transactions, cardholders can still swipe the card.

Each First IB debit card enabled with Visa payWave is embedded with an advanced computer chip that uses radio frequency to perform the transaction. By simply holding the First IB debit card with Visa payWave close to a contactless card reader, customers can complete a purchase transaction in seconds. The cardholder remains in possession of his or her card at all times and, for most purchases under $25, will not be required to sign. In cases where the merchant does not accept contactless transactions, cardholders can still swipe the card, just as they always have.

Since its launch ten years ago, First IB has offered customers a lineup of convenient account access services – including a robust website with self-service features for anytime account access, and traditional magnetic stripe Visa debit cards as a secure alternative to carrying cash. The contactless debit card offering is the most recent enhancement to the Bank’s lineup of added value services. First IB has also introduced mobile banking as well as personal budgeting and account aggregation services in the past twelve months.

“First Internet Bank strives to be a leader in innovation, and the adoption of this card keeps First IB at the forefront of banking technology,” said Mr. David B. Becker, President and CEO. “Studies have shown, and our employee pilot program confirms, that cardholders find contactless payments to be fast and easy. We are pleased to offer our customers this new feature for everyday purchases. It’s just another way we work to make banking easier for our customers.”

For more information on the First IB debit card with Visa payWave, customers are encouraged to visit http://www.firstib.com/personalaccts/debit.html. More information is also available from Visa, including a link to locate a nearby merchant that accepts payWave cards, at http://www.visa.com/visapaywave.

About First IB

With over $540 million in assets, First Internet Bank of Indiana (First IB, www.firstib.com) is the first state-chartered, FDIC-insured institution to operate solely via the Internet and has customers in all 50 states. Deposit services include checking accounts, regular and money market savings accounts with industry-leading interest rates, CDs, and IRAs. First IB also offers consumer loans, conforming mortgages, jumbo mortgages, and home equity loans and lines of credit. First IB is a wholly owned subsidiary of First Internet Bancorp (OTC Bulletin Board: FIBP).

INDIANAPOLIS, Inc. — Hoosier consumers could soon use debit, credit and food stamp cards to purchase locally-grown produce and other goods at farmers’ markets.

A Senate panel on Commerce, Public Policy and Interstate Cooperation – chaired by State Sen. Ron Alting (R-Lafayette) – unanimously approved a measure today that would provide wireless point-of-sale terminals to vendors at farmers’ markets.

Terminals would allow for consumers at farmers’ markets to use debit, credit and Electronic Benefits Transfer (EBT) cards – an identification card used by food stamp recipients who transfer government benefits from a Federal account to a retailer account to pay for products.

Indiana’s Division of Family Resources (DFR) – a state administration overseeing financial and child care assistance, food stamps, employment and training services for low-income clients – would provide the terminals to the more than 120 markets throughout the state.

Alting said he sees the measure benefiting food stamp recipients, consumers and vendors selling goods at markets.

“Providing various payment options at farmer’s markets could increase the number of patrons frequenting the market, therefore making it more profitable for vendors,” Alting said. “In addition to making it more convenient to purchase items, low-income Hoosiers using food stamps to feed their family could also participate in the markets, support the local economy and purchase healthy foods.”

According to Alting, a large market in Bloomington where consumers can purchase items with food stamp, credit and debit cards is thriving in-part because of the convenience provided by the wireless point-of-sale terminals. In its second year of using terminals, market vendors sold more than $2,100 in card transactions during just eight months.

Alting said in other states like Iowa, vendors purchased and rented equipment or used terminals provided by a contractor. Through the Iowa Wireless Project, farmers were initially reimbursed for a portion of the monthly fees associated with equipment. Iowa vendors made such a large profit due to increased traffic that reimbursements for equipment were discontinued.

“Hopefully the convenience offered at high-tech farmers’ markets will provoke more Hoosiers to purchase healthy, fresh and locally-grown products,” Alting said.

Alting expects House Bill 1535 will now be considered by the full Senate.