CIT Selects Internet Commerce Corporation's Network Services; ICC.NET To Replace CIT's Four Traditional Value Added Networks.

Business Editors

NEW YORK--(BUSINESS WIRE)--March 31, 2000

Internet Commerce Corporation (ICC) (Nasdaq: ICCSA) a pioneer in Internet E-business supply chain connectivity, announced today that CIT Commercial Services (NYSE:CIT), a leader in providing specialized asset-based financing solutions, has selected the ICC.NET service for its client connectivity.

CIT's acquisition of Heller Financial's Commercial Services division presented the Company with a total of four Value Added Networks (VAN) through which its clients were connected. In an effort to enhance consistency of communications, save costs, and leverage the Internet, CIT decided to consolidate onto ICC's service.

Darrell Bushnell, Vice President of Support Services at CIT Commercial Services, commented, "The selection of ICC.NET as our value added network is both a strategic and cost-saving move. We have always used Information Technology to gain a competitive advantage at CIT. By consolidating our connectivity to ICC's Internet-based network, CIT is furthering its lead in the world of e-commerce. At the same time, ICC.NET will produce significant cost savings that we and our trading community will enjoy. ICC.NET's scalability and global reach will give us the B2B infrastructure to continue to grow our business and reach new and existing customers in a way that traditional VANs have been unable to provide."

"CIT Commercial Services is a major win for us," said Dr. Geoffrey S. Carroll, President and CEO of ICC. "With CIT's trading partners, this presents us with the opportunity to significantly expand our customer base and alligns ICC with a leading financial services firm. We look forward to growing with CIT and enabling its trading partners, both large and small, to utilize our Internet-based network for their financing solutions."

About Internet Commerce Corporation

Internet Commerce Corporation provides Internet-based e-commerce service for the business-to-business marketplace. ICC.NET is a secure, low-cost, real-time transaction system for exchanging and managing, data, documents, electronic data interchange (EDI), graphics, audio and video for commercial trading partners of any size. The ICC.NET system uniquely bridges legacy e-commerce investments to the Internet. For more information, visit the ICC web site at www.icc.net.

About CIT

With more than $50 billion in managed assets, The CIT Group (NYSE:CIT) is one of the largest publicly owned commercial financing companies in the world. CIT Commercial Services is the nation's largest provider of credit protection, receivables management and lending services. For more information on CIT, please visit the CIT Web Site at www.cit.com.

Except for the historical information contained herein, this press release includes forward looking statements which are subject to a number of risks and uncertainties, including the risks and uncertainties associated with rapidly changing technologies such as the Internet, the risks of technology development and the risks of competition. Actual results could differ materially. For more information about these risks and uncertainties, see the SEC filings of Internet Commerce Corporation.