CBS Payroll Launches CBS Net-Pay; CBS Net-Pay Allows Employers to Process Payroll Over the Internet.

Business Editors & Technology Writers

FORT WORTH, Texas--(BUSINESS WIRE)--April 24, 2000

Clients are raving about CBS Net-Pay(TM), CBS Payroll's premier Internet payroll product.

CBS Net-Pay is a new, full-featured payroll processing application that allows employers to complete their payroll responsibilities by inputting employees' pay information on their computer screen through an Internet connection. Accessing CBS Net-Pay at www.cbspayroll.com, employers can input payroll today and pay their employees tomorrow through paychecks, direct deposits, or CBS PayCard(TM) (direct deposit without bank accounts), completing the payroll cycle electronically. After the employer's data is transmitted to CBS Payroll for immediate processing, the employer can access pay history and employee files, as well as over 20 reports available in many formats, within two hours of transmission.

CBS Payroll is pleased to feature the services of CBS Net-Pay as an integral part of its new employer resources Web site. Secure Socket Layer (SSL) Internet protocol, unique ID/passwords, and high-end data encryption techniques (similar to those used by companies such as Netscape, E*Trade, and Microsoft) ensure that business owners can confidently transmit sensitive payroll data through the CBS Payroll portal and efficiently manage the time that must be committed to this essential task.

"With the development of CBS Net-Pay, comprised of over 1.4 million lines of core code logic, CBS Payroll has taken a significant step in harnessing the expansive abilities of the Internet to serve the employer's needs," affirms Jason Ladd, Vice President of Sales. "Updating employee records and running query database reports are now events that can be integrated smoothly into daily operations for any business."

CBS Net-Pay operates under the Management Self-Service(TM) (MSS) concept pioneered by CBS Payroll, giving virtually 24-hour access in real time to the employer's CBS Payroll account(s). Among the wide array of exclusive features, CBS Net-Pay clients have the tools to define unique User Access Rights for authorized personnel within the company. Clients can also allow associates (such as the employer's CPA) to read-only and print payroll, accounting, management, and benefit reports without being able to alter the data. With CBS Net-Pay, management of payroll events has evolved into a streamlined, dependable, and secure process for the business owner.

About CBS Payroll

A national provider of payroll and employer services, CBS Payroll has been serving businesses since 1966. From its inception as a single-state bookkeeping firm to its current standing as a multi-million dollar employer services corporation, CBS Payroll blends the best people and the latest technology to create innovative solutions to employers' constantly changing needs. More information about CBS Payroll can be found on the company's Web site at www.cbspayroll.com.

NOTE TO EDITORS: E*Trade is usually written with an asterisk and may not translate on some databases.