Accesspoint Announces New Chicago E-Commerce Platform; New Infrastructure to Expand Credit, Fraud and Risk Management Services.

Business Editors/High-Tech Writers

IRVINE, Calif.--(BUSINESS WIRE)--April 20, 2000

Accesspoint Corporation (OTCBB:ASAP), a leading developer and manufacturer of e-commerce financial transaction solutions, today announced that Processing Source International (PSI), an e-commerce services subsidiary of Accesspoint, is nearing the completion of its new merchant processing facilities which will specialize in merchant underwriting, fraud and risk management services. This is the latest expansion of e-commerce and financial transaction processing services to occur under the management of the Accesspoint umbrella.

"This addition to our network reflects the cutting edge of networked and web-based transaction innovations. PSI's Chicago platform is an office dedicated to transaction underwriting, risk management and credit services. Our current and future client base of businesses can now better access enhanced, personalized services at one location," says Eric Odegard, PSI's senior vice president of business development. "The need for a processing platform that supports nearly all types of e-commerce services, as well as retail point of sale systems, and provides its partners and clients with turn-on-a-dime technology is evident. We are currently working with several major financial institutions and hope to soon announce their support for our new transaction platform."

PSI has recruited some of the best and brightest executives and specialists from around the transaction and e-commerce industry and set them up in a new, state-of-the-art processing operations center. Included in the new platform's staff are Hal Ruttenberg, chief operating officer, and Chris Heider, vice president of credit. Combining years of risk, credit and fraud management expertise, PSI's new executive staff is working with the Accesspoint program development staff to develop an advanced transaction management backend system that integrates customer service, credit and risk management, and fraud prevention -- all major aspects of online transactions where PSI intends to become a leading service and technology provider.

"PSI is building a stronger infrastructure to better serve the growing Independent Sales Organization-generated client base," continues Odegard. "All of our modules are designed and implemented in-house. As an added bonus to both our business development channel and merchant end-users, the suite of current and newly developed e-commerce transaction systems will provide support for our WAP (Wireless Access Protocol) enabled systems. With the opening of our Chicago facility, we are increasing our capacity to support our customers' individual e-transaction needs, as well as laying the groundwork for future growth in the fast-paced online merchant transaction industry."

Accesspoint CEO Tom Djokovich agrees. "Put simply, we're a dot-com company that has a working, revenue-generating business model," he declares. "We're focusing on a niche with potential as wide as the Grand Canyon -- network enabled transactions. Our vision is based on the understanding that financial transactions are the true e-commerce link that connects buyers and sellers. That's why we are constantly working to provide businesses with better solutions to leverage the power of the Web. Supporting a wide variety of transaction types allows us to integrate our transaction engines throughout the entire manufacturing, distribution, sales and replenishment channels."

About Accesspoint Corporation

Accesspoint (www.accesspoint.com) provides a state-of-the-art network for secure e-commerce transactions to thousands of merchants worldwide. The company supports this infrastructure with its own dynamic database driven e-commerce solution. This state-of-the-art solution includes a premier transaction engine, one of the only certified Level-III business-to-business purchase networks, and a full complement of e-commerce services which enable its customers to implement profitable online business strategies without having to support all of the in-house technologies and framework that are normally required.

In addition to its existing base of online merchants, Accesspoint's corporate roster of strategic partners includes Equifax (NYSE:EFX), NOVA (NYSE:NIS), First National Bank of Omaha/Retriever Payment Systems and National Data Corporation (NYSE:NDC).

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