Intercept 8-K Intercept Announces Second Quarter 2003 Financial Results

EXHIBIT 99.2

InterCept, Inc.

Agenda

• Corporate Update

• InterCept Payment Solutions

• Financial Institutions Division

• EFT Division

• Financial Overview & 2003 Forecast

• Follow-up Q & A

Forward Looking Statements

• Statements in this presentation relating to future events, projections, plans and underlying assumptions are “forward-looking statements” within the meaning of securities laws

• Actual results may differ materially from these forward-looking statements, which are subject to risks and uncertainties

• For a discussion of the risks and factors that could cause InterCept’s actual results to differ materially from the forward-looking statements, see the discussion of “Risk Factors” in the company’s Quarterly Report on form 10-Q filed May 15, 2003

Corporate Update

Jeff Berns

Senior Vice President

InterCept, Inc.

• InterCept designs and implements advanced software solutions that help financial institutions and merchants prepare for and meet tomorrow’s challenges today

InterCept Locations

New, Planned & Proposed Centers

• New Centers:

– Windsor, CT

– Chelmsford, MA

• Planned Centers:

– Reading, PA

– Little Rock, AR

– West Deptford, NJ

– Memphis, TN

• Proposed Center:

– Birmingham, AL

Bankers Bank Alliances

Products & Services

• Advanced electronic monthly statement delivery

• Monthly statements sent directly to customers of financial institutions via the Internet

• Customers log-on to secure web site and receive detailed online account statement streamlining entire statement process

• Fully integrated management systems

• Deposit platform automates tasks and functions associated with originating and processing checking, savings, certificates, IRA, and other deposit accounts

• Loan platform automates origination and processing tasks of consumer, commercial and real estate based lending

• Provides bank-wide access to all CRM (Customer Relationship Management) and SFA ( Sales Force Automation) functions

• Flow of customer information is integrated between BancPac’s core accounting system and front-line deposit and loan platforms

Sales & Marketing Update

• Sales force expansion

• Large bank sales division

• Revised Relationship Management program

• Envision Forum

– First annual client conference April 27-30, 2003

– 290 attendees

– 2004 date April 4-7

• September User’s Conference

– New Orleans, LA 9/7-9/10

– Showcasing all products

Summary

• InterCept takes the complexity out of technology for financial institutions

• Our end-to-end solutions simplify financial technology so our customers can focus on their core business

• We deliver a wide range of integrated products, services and support that help banks compete in today’s challenging financial services arena

John Perry

Chief Executive Officer

Strategy

• On track as provider of payment and billing services for

– Banks

– Billers

– Merchants

• Generate additional revenue streams through value-added services:

– Stored-value applications – roll-out of stored value card for universities; scheduled for 4^th quarter

– Continue to grow international business using the iBill platform

Value Creation

• The combination of three payment businesses is on track:

– The management team continues to focus on consolidation of the business’:

• Focus on cost efficiencies in the iBill platform

• Migration of the mainstream business to DE platform, is in process

• Continue to move transaction volume to new NexGen platform

• Increase ACH capabilities – new relationship with Amerinet

– Develop Affinity programs

• GMAC Bank selected InterCept Payment Solutions as preferred provider of b2b and b2c payments business

Plan and Execution Status

• Initiatives are on track

– Drive new revenues through bank channel

• Converted 1^st Source Bank in June

– Significant new merchants on iBill platform include:

• Lucas Films

• Tribune Company

• Zurich Financial

– Ongoing and productive dialogue with the card associations; focusing on a proactive approach

– Consolidate operations; select best of breed

• Technology in DE

• Operations and Marketing in FL

Financial Institutions Division

Randy Fluitt

Executive Vice President

Item and Image Processing Centers

Image Exchange & Settlement

• InterCept’s Oklahoma City Center

– COCHA

– Three financial institutions

• Endpoint Exchange

– Joined in June

• Next phases

– Expand to other local financial institutions

– Expand to other InterCept centers

Sovereign Conversion Status

• Started processing week of July 21^st

• Windsor, CT & Chelmsford and Norwood, MA

• Processing all 255 New England community banking offices

• Image statements to begin in September

EFT Division

Todd Shiver

Vice President

EFT Division Update

• Platform Migration

• Visa/MasterCard Debit Settlement

• New Initiatives

EFT Platform Upgrade

• Anticipated completion by September 30

• Migrated 83% of customers

• 2004 estimated cost reduction of $1 million annually once legacy operation is fully discontinued

Visa/MasterCard Debit Settlement

• $3 billion dollar settlement to the merchants

• Rate reduction in effect August 1, 2003

• Rate becomes adjustable again on Jan 1, 2004

– MasterCard and Visa can reset rates

– Merchant will have option of accepting debit cards for signature based transactions

Impact of Settlement

• Possibility of reduction of signature-based transactions

• Decrease in interchange revenue for the financial institution

– Fewer transactions

– Lower interchange rates

• Consumer confusion (acceptance)

Initiatives

• Debit Card Reward/Loyalty Program

• Secure Debit

• New Debit Products

– Stored Value

– Business Debit

• Turnkey Marketing Tool Kits

Preferred Rewards

• Points are accumulated for signature-based transactions

• First processor to offer MasterCard’sPreferred Rewards

• On schedule for October 1 launch date

• Incentives to drive consumers from checks and cash to debit card usage

• Raises consciousness from PIN-based to signature- based transactions

Business Debit

• Financial institutions can offer Business Debit to their commercial customers as another revenue generating product

• Interchange rates for Business Debit were not affected by settlement agreement

– Transactions average over 200 basis points

• Higher average spending per transaction

Marketing Tool Kits

• Development of turnkey marketing campaigns

• Designed to increase activation and usage

• Targets new merchant demographics

– Recurring payments

– Non-traditional merchants

• Encourages card over cash (regardless of PIN or signature-based)

Financial Overview & 2003

Forecast

Scott Meyerhoff

Chief Financial Officer

Consolidated Income Statement

	Q3 2003
Revenue	$	64,070
Gross Margin		32,159
Operating Income		4,515
Net Income		2,970
Earnings Per Share (Diluted)		0.15
EBITDA		9,833

* excludes one-time charges related to SLM

Consolidated Income Statement

	Non-GAAP		Adjusted		GAAP
Revenue	$	64,070	0		$	64,070
Gross Margin		32,159	0			32,159
Operating Income		4,515	(52	)		4,463
Net Income		2,970	(2,322	)		648
Earnings Per Share		0.15	(0.12	)		0.03
EBITDA		9,833	(3,752	)		6,081

Reconciliation of EBITDA

	GAAP Q2 2003			Adjusted SLM			Non-GAAP Q2 2003
Net Income	$	648		$	(2,322	)	$	2,970
Add: Interest		(12	)		0			(12	)
Taxes		467			(1,430	)		1,897
Depreciation & amortization		4.978			0			4,978
		6,081			3,752			9,833

Financial Institutions Income Statement

	Q2 2003		Q1 2003		Q2 2002
Revenue	$	48,562	$	47,788	$	40,714
Operating Income		3,743		2,206		5,424

Merchant Processing Income Statement

	Q2 2003		Q1 2003		Q2 2002
Revenue	$	15,508	$	17,445	$	14,385
Operating Income		720		169		1,710

Credit Facility

• Commitment letter for $50.0 million credit facility

• Three-years in duration

• Expected to close by September 30, 2003

2003 Update

• Sovereign conversion completion later than planned

• Costs related to debt facility

• Legal fees

• Net impact of above items $3.0mm pre-tax

• Expected EPS FY 2003 = $0.63—$0.68

InterCept, Inc.