ADP Credit Corp. Selects eFinance for Credit Decisioning & Workflow Management Platform.

Business Editors/High-Tech Writers

PALO ALTO, Calif.--(BUSINESS WIRE)--April 18, 2001

eFinance Corp. and ADP Credit Corp. ("ADPCC"), a subsidiary of ADP, Inc., today announced an agreement for eFinance, a credit decisioning and workflow management technology company, to provide ADPCC with a web-based, automated credit decisioning platform. Automatic Data Processing, Inc. (ADP(R)), one of the world's largest independent computing service firms, will use eFinance's Transaction Finance System(TM) (TFS) to electronically accept and evaluate applications and extend credit to ADPCC's qualified business customers.

"Our selection of eFinance as a technology provider to ADP was based on their proven technology, management team, and ability to execute. We were impressed with the comprehensive online credit application and decisioning platform that eFinance will offer ADP," said Mike Flanagan, VP and general manager, ADPCC. "Using eFinance technology, our credit associates and regional managers can quickly evaluate applications and deliver real-time credit decisions and fulfillment to our business customers, resulting in reduced costs, greater productivity, and improved service for ADP, our dealers, and their customers."

ADPCC will use the eFinance TFS(TM) in an automated, online mode. This technology platform will enable internal ADPCC credit officers to evaluate a credit application and make real-time credit decisions that incorporate multiple business information and credit scoring databases, and generate documentation, including lease agreements. The eFinance TFS(TM) will incorporate ADPCC's full underwriting standards that are used to evaluate a prospective customer's credit standing and repayment ability. eFinance will also provide ADPCC with proprietary fraud detection technology that will enhance ADPCC's underwriting process.

"We are very pleased to be working with ADP, one of the most successful and respected computing services companies," said Reid Rutherford, CEO of eFinance Corp. "ADP is committed to providing competitive products and world class client service to its business customers. The eFinance TFS(TM) provides ADP with a powerful technology platform that generates increased revenue through faster decision times and increased profitability through streamlined workflow processing. We have designed the TFS(TM) for seamless integration into ADP's existing internal credit procedures and workflow processes. This deal represents another important milestone for eFinance."

About eFinance Corp.

Founded in 1999, eFinance enables the real-time completion of online transaction financing for vendors, e-marketplaces, financial institutions, and other companies with an e-commerce initiative. eFinance's comprehensive and flexible financing solution provides credit decisioning and fulfillment at the Web point-of-sale in addition to providing tools for management of complex credit workflows. The eFinance Transaction Finance System(TM) (TFS) accepts a credit application via the Internet; delivers an immediate credit decision; creates and delivers documents online; and provides verification, funding, shipment, and settlement notification. The eFinance platform can be seamlessly integrated into a company's e-commerce initiative for transparent processing of credit and leasing options. With headquarters in Palo Alto, eFinance is a privately held company led by seasoned professionals with extensive experience in credit, financing, risk management, and technology. eFinance's investors include CSFB's Sprout Group; NIF Ventures USA; Sanchez Capital Partners, and DigitalVentures. For more information, please visit the company's Web site at www.efinance.com.

About ADP Credit Corp.

ADPCC is the captive financing arm of Automatic Data Processing, Inc. (NYSE:ADP). Its mission includes supporting the sale of on-site computing systems. ADPCC works with customers to find solutions which will help them to conserve capital, improve cash flow and benefit from the latest technology. Since 1984, ADPCC has provided sales support to ADP business units and value-added services to thousands of clients. ADPCC has developed programs geared to businesses of all sizes. Over the last three years, 85% of ADP's clients who require financing have chosen ADPCC as their leasing source of choice. ADP is one of the largest global providers of computerized transaction processing, data communications and information services, with more than $6 billion in revenues and 500,000 clients worldwide. More information on ADP Credit Corp. and ADP is available via the Internet at www.adpcredit.com and www.adp.com.

This release contains "forward-looking statements" based on management's expectations and assumptions that are subject to risks and uncertainties that may cause actual results to differ from those expressed. Factors that could cause differences include: ADP's success in obtaining, retaining and selling additional services to clients; the pricing of products and services; changes in laws regulating payroll taxes and employee benefits; overall economic trends, including interest rate and foreign currency trends; stock market activity; auto sales and related industry changes; employment levels; changes in technology; availability of skilled technical associates; and the impact of new acquisitions. ADP and eFinance disclaim any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.