Accesspoint Responds to Market Activity and Announces Increased Merchant Security Initiative.

Business Editors

IRVINE, Calif.--(BUSINESS WIRE)--Sept. 20, 2001

Accesspoint Corp. (OTCBB:ASAP) management stated it has no knowledge of any reason for the recent marked trading activity in the company's stock.

Accesspoint began this year with approximately 4,000 service accounts and by the first week of September had already almost doubled that number, resulting in a nearly 100% increase in the first nine months of this year. By mid-September the company's processing numbers were ahead of the same periods for August and in the face of last week's terrible disasters, the company continues to add new merchants daily.

Last week's disaster illustrates the need for merchants to increase security. Accesspoint has implemented a new security initiative for the development of additional secure transaction identification services.

The company's new POS Business Solutions service provides merchants with a point-of-sale terminal that connects directly to Accesspoint's transaction and business servers. This unique ability allows Accesspoint's software solutions division to develop sales terminal-based services that can communicate with many third-party service providers including fraud and identity verification services.

Working with providers of identity verifications services, the company anticipates delivering merchants a choice of security services that will be designed to work seamlessly with Accesspoint's transaction and business services monitoring credit card, check and even cash transactions.

"Accesspoint's solutions are designed to provide merchants with enhanced liquidity and lowers their cost of transactions," remarked Accesspoint CEO Tom Djokovich, "while providing merchants and their customers with increased security in their everyday transactions. Therefore, today more than ever, merchants are in need of our services.

"Moreover, while our prime revenues are generated through transaction volumes, as this year has demonstrated, our payment solutions are virtually recession proof and the efficacy of our products are well insulated from economic swings. Regardless of economic gyrations, all merchants seek to enhance liquidity and our smart processing solutions continues to be attractive to our growing list of merchant customers."

Accesspoint continues to remain focused on the expansion of the sales channels, monthly increases in new merchant service accounts and its commitment to turn the merchant point-of-sale into a powerful sales and business management device. Continued successful implementation of these business objectives should provide long-term value for its customers and investors.

About Accesspoint

Accesspoint has been serving thousands of merchants nationwide since 1995 and has combined its mature Application Services technology platform with its unique relationships with Chase Merchant Services LLC and First National Bank of Omaha to provide bundled payment acceptance and business management services.

These programs provide customers with multiple payment acceptance capabilities including credit card and check transaction, a fully operational e-commerce and business management Web site and a central Web-based management system for servicing both the brick-and-mortar and Web-based sides to each business.

This news release contains forward-looking statements regarding Accesspoint's business strategies and future plans of operations. Forward-looking statements involve known and unknown risk and uncertainties. The company's risks and uncertainties include: intense price competition, economic, political and regulatory uncertainties, the need to raise additional capital until the company can fund itself directly from operations, its ability to expand its ISO network and its ability to attract additional customers. The forward-looking statements contained in this news release speak only as of the date hereof and Accesspoint disclaims any obligation to provide public updates, revisions or amendments to any forward-looking statements made herein to reflect changes in Accesspoint's expectations or future events.