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<TITLE>Asia Payment Systems Inc. Form 8-K for May 7, 2004</TITLE>
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<B><P ALIGN="CENTER">SECURITIES AND EXCHANGE COMMISSION<br>
WASHINGTON, D.C. 20549</P>

<P ALIGN="CENTER">FORM 8-K</P></B>

<P ALIGN="CENTER">Current Report Pursuant to Section 13 or 15(d) of<br>
The Securities Exchange Act of 1934</P>

<P ALIGN="CENTER">Date of Report (Date of earliest event reported): <B>May 7, 2004</P>

<P ALIGN="CENTER">ASIA PAYMENT SYSTEMS, INC.</B><br>
(Exact name of Registrant as specified in its charter)</P>

<P ALIGN="CENTER"><CENTER><TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH=680>
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<B><P ALIGN="CENTER">NEVADA</B></TD>
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<B><P ALIGN="CENTER">000-30013</B></TD>
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<B><P ALIGN="CENTER">98-0204780</B></TD>
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<P ALIGN="CENTER">(State or other jurisdiction of incorporation or organization)</TD>
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<P ALIGN="CENTER">(Commission File Number)</TD>
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<P ALIGN="CENTER">(I.R.S. Employer Identification No.)</TD>
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<P ALIGN="CENTER">800 5<SUP>th</SUP> Avenue Suite 4100<br>
Seattle, Washington 98104</B><br>
(Address of principal executive offices)</P>

<B><P ALIGN="CENTER">(206) 447-1379</B><br>
(Registrant's telephone number, including area code)</P>

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<B><P>ITEM 7. &nbsp; FINANCIAL STATEMENTS AND EXHIBITS</P></B>

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<B><P>Exhibit No.</B><hr></TD>
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<B><P>Description</B><hr></TD>
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<TR><TD WIDTH="20%" VALIGN="TOP">&nbsp;</TD>
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<P>99.1</TD>
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<P>Press Release</TD>
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<B><P><br>ITEM 9. &nbsp; REGULATION FD DISCLOSURE</B></P>

<P>Asia Payment Systems Inc. announces today that it has completed the implementation, integration, and testing of the ClearCommerce Engine, an industry leading payment and fraud prevention solution, as part of the Asia Pay credit card processing platform deployed throughout Asia and the United States.</P>


<B><br><P ALIGN="CENTER">SIGNATURES</P></B>

<P>Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.</P>

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<B><P>ASIA PAYMENT SYSTEMS, INC.</B><br>
(Registrant)</TD>
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<TR><TD VALIGN="TOP" COLSPAN=2>&nbsp;</TD>
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<B><P>Date: May 7, 2004</B></TD>
<TD WIDTH="48%" VALIGN="TOP">/s/ Charlie Rodriguez</TD>
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<P>Charlie Rodriguez<br>
Director</TD>
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<P ALIGN="CENTER">-2-</P>
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Asia Payment Systems Inc. Form 8-K for May 7, 2004
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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
Current Report Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
May 7, 2004
ASIA PAYMENT SYSTEMS, INC.
(Exact name of Registrant as specified in its charter)
NEVADA
000-30013
98-0204780
(State or other jurisdiction of incorporation or organization)
(Commission File Number)
(I.R.S. Employer Identification No.)
800 5
th
Avenue Suite 4100
Seattle, Washington 98104
(Address of principal executive offices)
(206) 447-1379
(Registrant's telephone number, including area code)
==================================================================================
ITEM 7.   FINANCIAL STATEMENTS AND EXHIBITS
Exhibit No.
Description
99.1
Press Release
ITEM 9.   REGULATION FD DISCLOSURE
Asia Payment Systems Inc. announces today that it has completed the implementation, integration, and testing of the ClearCommerce Engine, an industry leading payment and fraud prevention solution, as part of the Asia Pay credit card processing platform deployed throughout Asia and the United States.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
ASIA PAYMENT SYSTEMS, INC.
(Registrant)
Date: May 7, 2004
/s/ Charlie Rodriguez
Charlie Rodriguez
Director
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