1st National Processing S-4/A Registration of securities issued in business combination transactions (amended)

Exhibit 12.1

iPayment, Inc.
Computation of Ratio of Earnings to Fixed Charges

														Six Months
	Year Ended December 31,													Ended June 30,
	2001			2002			2003		2004		2005		2006		2005
Fixed Charges:
Interest (a)	$	2,928		$	6,894		$	9,928	$	2,707	$	8,657	$	13,831	$	4,578
Total fixed charges		2,928			6,894			9,928		2,707		8,657		13,831		4,578
Earnings:
Pre-tax income (loss)		(4,997	)		(483	)		17,021		37,439		53,696		3,527		23,828
Fixed charges		2,928			6,894			9,928		2,707		8,657		13,831		4,578
Amortization of capitalized interest		—			—			—		—		—		—		—
Distributed income of equity investees		—			—			—		—		—		—		—
Pre-tax losses of equity investees		—			—			—		—		—		—		—
		(2,069	)		6,411			26,949		40,146		62,353		17,358		28,406
Capitalized interest		—			—			—		—		—		—		—
Preference security dividends		—			—			—		—		—		—		—
Minority interest in pre-tax income (b)		—			—			—		—		1,010		1,188		111
Total earnings	$	(2,069	)	$	6,411		$	26,949	$	40,146	$	63,363	$	18,546	$	28,517
Ratio of Earnings to Fixed Charges		(0.71	)		0.93			2.71		14.83		7.32		1.34		6.23

(a)	Represents net interest expense from the historical consolidated statements of operations, which includes amortization of debt issuance costs as defined in Reg. S-K Item 503(d)(1)(A).
(b)	Represents minority interest in pre-tax loss of subsidiary which did not incur fixed charges in 2005, in accordance with Reg. S-K Item 503(d)(1)(C).