Digital Courier Teams Up With Mondex International to Develop Internet Payment Gateway; Digital Courier's New Gateway to Include Mondex Electronic Cash.

PARIS and PARK CITY, Utah--(BUSINESS WIRE)--Nov. 17, 1999--

Mondex International (MXI) and Digital Courier Technologies Inc. (NASDAQ:DCTI) jointly announced today at the Cartes '99 Exhibition in Paris that they have signed an Agreement to collaborate on a strategic worldwide alliance providing for the integration of Mondex electronic cash payment capabilities with Digital Courier's Internet payment products and services. Digital Courier is installing a payment gateway in the United Kingdom and United States that will "Internet enable" Mondex electronic cash. The Gateway will allow Digital Courier to act as a currency exchange or Bureau de Change facility for value loading in multiple currencies.

"Digital Courier's business focus is exclusively on electronic payment systems. The Mondex option strengthens our credit card and digital cash product line. The synergy between the Mondex product and the e-commerce world is so strong DCTI believes that an early alliance with Mondex International will keep the company at the forefront of the electronic payments industry," said Don Marshall, President of Digital Courier.

Mondex smart cards offer the most technologically advanced electronic cash system available today, providing a secure, convenient and cost effective alternative to traditional paper currency and coins worldwide. Mondex Electronic Cash supports Internet based payments, mobile phone transactions as well as physical payment processing channels and is available for use in 75 countries around the world. The agreement further broadens Digital Courier's global e-commerce processing reach as Mondex smart cards allow users to carry up to five different currencies on their card at any one time and conduct real-time electronic payment transactions around the world.

As a payment method, Mondex is unparalleled in its ability to securely verify the user and merchants' identity while preserving privacy and confidentiality for both parties. This not only addresses some of the major security concerns that consumers perceive with Internet commerce, but it also elegantly interfaces the Internet with the brick and mortar merchant. The system allows micro-payments and branding and loyalty scheme opportunities for merchants, enabling DCTI to attract and retain new global customers, while alleviating the common issues associated with on-line commerce such as guaranteed payment and charge repudiation.

Michael Keegan, CEO of Mondex International, said: "As e-commerce becomes more widespread, it is vital that the most comprehensive range of payments are made available to consumers. The DCTI system offers a complete solution to merchants and real convenience to anyone who wishes to harness the benefits of immediate, secure and private payments using Mondex."

Mondex International (MXI) is a world leader in the provision of smart-card based products and services. The company is owned by MasterCard International and a number of leading financial services organizations world wide, including Chase Manhattan Corporation and Wells Fargo in the USA, HSBC and National Westminster Bank in the UK, and leading banks in the Asia, Pacific, Australia and Canada.

Notes for the Editor

About Digital Courier

Digital Courier is a payments organization supplying financial institutions, businesses and Internet merchants with sophisticated e-commerce and payment processing software as well as customized services to meet their needs. Data feeds, data management and business intervention are combined to provide a complete real time suite of Internet and physical payment services. Digital Courier specializes in risk management including chargeback and fraud control. Our broad array of software tools and database information is unmatched in enabling merchants and merchant banks to aggressively pursue electronic commerce opportunities. Digital Courier helps reduce the merchant cost of doing business by limiting incremental merchant discount and bank reserve increases. We also help merchant banks satisfy their fiduciary need to control and limit merchant risk. Beyond risk control services, we offer payment authorization, merchant acquiring and settlement. We believe this complete solution provides an unparalleled platform to the electronic commerce environment and because it is based on new technology, we are reliable, secure and cost - effective. For more information about our product, visit us on the Internet at www.dcourier.com or www.netclearing.com.

About Mondex International

Mondex International Limited (MXI) is a world leader in the provision of smart-card based products and services. The company is a subsidiary of MasterCard International Incorporated and employs over 180 people at its London headquarters and technology centres around the world. Mondex is the most "cash-like" of the electronic cash smart cards to be available around the world, as a more efficient alternative to cash.

Mondex electronic cash is designed for use in both the physical and the virtual worlds, with the advantage of allowing retailers and consumers to send and receive Mondex value securely down a telephone line, through a mobile phone or over the Internet. Further information regarding Mondex is available on its web sites at: www.mondex.com / www.mondexinternational.com

About MasterCard International

MasterCard International has the most comprehensive portfolio of payment brands in the world. With 23,000 member financial institutions, serving consumers in 220 countries and territories, MasterCard is the industry leader in quality and innovation. Nearly 700 million MasterCard(R), Maestro(R), Cirrus(R) and Mondex(TM) cards are in circulation today. With more than 16.2 million locations, no card is accepted in more places and by more merchants than the MasterCard Card. In 1998, gross dollar volume exceeded $650 billion. MasterCard can be reached through its World Wide Web site at http://www.mastercard.com.