Banklink Introduces EasyPay, a Customizable Package of Payment Services for Windows or the Web.

Business Editors

NEW YORK--(BUSINESS WIRE)--Feb. 29, 2000

Banklink (www.banklink.com), a unit of Fiserv, Inc. (NASDAQ:FISV) and a leading provider of treasury management products and services, announced today that it has developed a new solution to meet the demands of financial institutions for a modular package of electronic payment services.

Banklink EasyPay(TM) enables corporate cash management customers to electronically initiate Automated Clearing House (ACH) transactions for bill payment, taxes, direct deposit and other payments and collections. They can also import information (such as NACHA files and data from accounting and payroll systems) and use templates to make EDI payments.

"EasyPay makes it easy to initiate electronic payments and collections, saving untold hours depositing and reconciling checks," said Banklink President and Chief Operating Officer Carroll Harrold. "Customers benefit from accelerated funds availability, reduced clerical costs for account reconciliation and more efficient cash flow forecasting."

EasyPay also enables customers to transfer funds between their business accounts residing at the institution without making a phone call or a trip to their branch.

"Customers can transfer funds quickly and easily simply by using their mouse to click funds from one account to another. The Internal Funds Transfer feature lets them create summary reports with the exact information they wish to show - transaction status, transfer date, settlement date, dollar amount - in the order they wish to show it," said Harrold.

With EasyPay, customers can also initiate wire transfers with a variety of reporting and inquiry features to help monitor wire activity. Confirmation on the disposition of each transfer is automatically sent to the customer's personal computer with reports on the status of each wire that they have composed. Every transaction is saved and recorded for auditing purposes.

A single transmission of data by the financial institution enables Banklink to provide the EasyPay services. "This allows us to offer the product for use with Windows(R) or on the Web," said Harrold. "This is really the cornerstone of our success as a cash management solutions provider, because we can provide more sophisticated alternatives as the bank's customers grow. It's easy to migrate from our small business products to our full-service solutions, and from Windows to the Web."

"Key to the success of this product is the fact that banks can customize their version of EasyPay by selecting only those services they wish to offer," said Harrold. "A small business customer may wish to sign up only for the ACH payment feature, while their middle-market counterpart may need the entire package. The bank can name the individual services and product as it wishes, and create its own product logo to establish brand identity in the marketplace."

"We can also help introduce EasyPay to the bank's market with customized promotional materials, marketing and sales programs, implementation and training, technology and operations support, and technical customer service," said Harrold.

Banklink, on the Web at www.banklink.com, specializes in electronic treasury management solutions and was established in 1977 as a full-service electronic banking company. Today, Banklink provides product and service solutions to over 150 financial institutions worldwide to meet the needs of 26,000 treasury management customers. The Banklink portfolio of information reporting and transaction initiation services features BankLink SERIES 2000(TM); Banklink Data Exchange(SM); MoneyWorksWin(TM); and Banklink Web Solutions, including WebLink(TM), MoneyWorksWeb(TM) and Banklink Member-Services(SM). Banklink is located in New York, New York.

Fiserv, Inc. (NASDAQ:FISV) is an independent, full-service provider of integrated data processing and information management systems to the financial industry. As a leading technology resource, Fiserv serves more than 10,000 financial services providers worldwide, including banks, broker-dealers, credit unions, financial planners/investment advisers, insurance companies, mortgage banks and savings institutions. Headquartered in Brookfield, Wisconsin, Fiserv also can be found on the Internet at www.fiserv.com.

NOTE TO EDITORS: Banklink EasyPay is a trademark of Fiserv Solutions, Inc. Windows is a registered trademark of Microsoft, Inc.