Ceridian eCash Goes Back to School, Chicago Style; Chicago Public School Employees Save Time and Money with Cash Card to Access Payroll Funds.

Business Editors

CHICAGO & MINNEAPOLIS--(BUSINESS WIRE)--March 3, 2003

Ceridian, a leader in managed business solutions for human resources and employee effectiveness services, today announced an agreement with Chicago Public Schools, the nation's third largest school district with more than 45,000 employees. Chicago Public Schools is currently rolling out Ceridian eCash services, which offers an easy, electronic way for employees to receive paychecks, expense reimbursements, and more.

"Our employees immediately noticed the cost and time benefits of eCash and were very pleased. Who wouldn't be excited about heading home to spend time with your family and friends instead of standing in long check cashing lines," said Michael Edwards, deputy chief financial officer at Chicago Public Schools. "In addition, Ceridian is working with us on a solution that combines its eCash paycard with our other systems. By the start of the new school year in September, our employees will have one card that does it all--I.D., payroll, and labor management."

"We are pleased to deliver this unique solution to Chicago Public Schools, an organization that understands the benefits that technology can bring to its employees," said Pat Goepel, chief revenue officer at Ceridian's U.S. human resources solutions business. "For employers, eCash offers the flexibility to make payroll adjustments without the delays and added cost of manual checks."

For employers, eCash streamlines payroll processing because it reduces check distribution costs while increasing internal control, eliminates the need for paper checks, provides electronic pay stub delivery, and eliminates check distribution to vendors and other third parties. For employees, eCash eliminates the need to open a bank account or incur check-cashing fees. Other key benefits are the ease of set up and the 24/7 availability of customer service support. Employees who don't have a home bank need only visit a Cirrus(R) ATM or Maestro(R) point-of-sale terminal to access their paycheck funds.

Ceridian eCash is supported by infrastructure from Comdata Corporation(R), a wholly-owned subsidiary of Ceridian Corporation, and a leader in moving money and information for a number of diverse industries.

About Ceridian

Ceridian enables companies to be free to succeed in their core business through its suite of innovative managed business solutions for HRMS, payroll, tax filing, application outsourcing, time and attendance, benefits administration and employee effectiveness services. Ceridian Corporation (NYSE:CEN) is an information services company serving businesses and employees in the United States, Canada and Europe. For more information about Ceridian's comprehensive array of human resource solutions, visit www.ceridian.com/myceridian or call [phone].

About Chicago Public Schools

The Chicago Public Schools is the nation's third-largest school district and the second-largest employer in Illinois, with more than 45,000 employees. The school system operates 600 schools and serves 437,000 students. Visit www.cps.edu for additional information about the Chicago Public Schools.