Interpay Opts for Cordys Platform and Cordys Further Enhances Its Platform with the Interpay Mosaic Concept; Collaboration for Developing New IT Applications.

UTRECHT, Netherlands -- Interpay Nederlands has opted for the Cordys platform to develop its new IT applications. The two parties have signed an agreement to this effect. The choice for Cordys fits within Interpay's aim to develop quickly into a European player to be reckoned with. This implies ongoing service improvement along with reductions in costs per transaction.

As part of this collaboration, Cordys has enhanced its Business Collaboration Platform with the Mosaic concept as developed within Interpay. This concept makes it possible to develop extremely scalable and reliable applications that run on a distributed commodity hardware platform. Now that it is enhanced with Interpay's Mosaic concept, the Cordys platform has also been made highly suitable for markets in which large volumes are processed with very high reliability.

Interpay is aiming to develop into a payment processor for banks, not only in the Netherlands but in all of Europe. Interpay's IT department develops and supervises 60 to 80 automation projects per year to support the organization and to improve the quality of its service to customers. The organization will use the Cordys software platform to develop IT applications in order to improve the integration of its current systems, to generate higher quality management information, for workflow management, etc.

"The Cordys Business Collaboration Platform gives Interpay the opportunity to revamp and organize its infrastructure in line with international and open standards," said Johan Been, Executive Vice President Operations, Interpay. "Interpay will thus be in an even better position to adapt its products and services to market demand and to become a prominent and competitive institute for processing payment transactions on the European market."

With Interpay's pivotal role within Dutch payment traffic, it must safeguard the quality of its service at all times. The Cordys platform enables Interpay to integrate processes and applications without having to change those already in place.

Furthermore, Interpay has found a soul mate in that Cordys is also aspiring to become a leading company on the international market. Cordys and Interpay are confident they can boost each other in this ambition."

"With our solutions, Interpay can significantly improve collaboration between and flexibility of its systems and processes, enabling Interpay to focus more on its objectives for becoming a top player in Europe," said Henk de Ruiter, Executive Vice President, Cordys. "Our software will enable Interpay to add new systems to its current systems, and even develop and add business processes without having to turn to adaptations or premature write offs. So we provide Interpay with the possibility of getting the most out of previous investments in applications."

"Furthermore, by collaborating with Interpay and by making the Mosaic concept an integral part of its existing platform, Cordys can expand substantially on the market for high-volume transaction processing," continued De Ruiter.

About Cordys

Cordys is a global software company that develops inventive collaborative solutions by cutting through complexity and fostering seamless collaboration between people, systems and organizations. By combining new, groundbreaking Internet-associated technologies with existing, commonly applied technology, Cordys energizes companies with unprecedented opportunities to reach new levels of business performance. Our scalable, adaptive solutions fully leverage existing enterprise applications and extend their life cycle by adding new functionality. Cordys makes existing systems future-proof, at acceptable costs and at a company's own pace. Cordys is headquartered in Putten, the Netherlands, and employees over 550 people in sales offices across the Americas, Europe, China and India.

Visit www.cordys.com for more information.

About Interpay Nederland B.V. (www.interpay.nl)

For years Interpay has been developing and maintaining networks and systems that ensure payment transactions are processed reliably and efficiently. Using an advanced infrastructure, Interpay processes about three billion transactions each year, effectuated with a wide variety of payment products such as accept giros (pre-printed giro credit slips), direct debit, debit cards (PIN and Maestro), Chipknip (electronic purse), and Visa and MasterCard credit cards. Interpay plays an important role in payment processing, on both the domestic and the European markets. With regard to volumes, Interpay holds the third position in Europe for the number of transactions processed. Interpay wishes to maintain and further expand this solid market position through growth and international cooperation. Interpay keeps a close eye on developments in the European market. By attuning its organization and activities accordingly, Interpay can optimally serve its clients in domestic as well as in cross-border payments. For more information about Cordys, Inc. please contact: Chad Castro, Band & Brown on 617-475-1573 or [e-mail]