NEC Computers International Selects Bibit for European Payment Support; Allows NEC to Manage Consumer Transactions via Call Centers, Websites and Mailings Through Single Solution.

Business Editors/High-Tech Writers

SAN JOSE, Calif.--(BUSINESS WIRE)--Feb. 19, 2002

Bibit Global Payment Services (Bibit), the world's leading payment service provider, today announced a close collaboration with NEC Computers International (NEC CI), Europe's sixth-largest PC manufacturer, that will integrate all of NEC's European payment systems onto a single outsourced payment platform. Bibit was chosen for its flexible and scalable architecture and its broad support of international payment methods. The partnership allows NEC CI's Services Division to support all channels across Europe with a single payment solution, reducing operational costs and streamlining the payment process from customer payment to account reconciliation.

"Bibit's architecture is well suited for handling payments from each of our service channels, thus seamlessly matching our objectives," said Lars Nieukerke, director computer services with NEC CI. "The international payment method coverage is essential for us as well. Plus, at our request Bibit quickly and successfully implemented additional functionality."

NEC CI supplies the consumer market with the Packard Bell(TM) brand and the professional market with the NEC brand. NEC CI makes its products and services available through all channels: retail, direct and indirect. Over the past year, the company has invested considerably in the design and construction of Commix, a multi-channel Workflow system. NEC CI now employs Commix as the basis for all customer service activities, coordination of mailings, documentation of transactions, logistics and customer service. As part of its workflow management system, NEC CI chose to partner with Bibit to help simplify and streamline the end-to-end payment process. The partnership is now fully operational.

"The fact that our platform not only allows for handling payments originating from the Internet and call centers, but also ties into other sales channels, is more and more becoming a unique sales proposition," said Joost Schuijff, CEO of Bibit. "For our international clients, the integration of reconciliation and administration is a logical continuation of that ability."

About Bibit

Bibit Global Payment Services (www.bibit.com) is one of the world's leading Payment Service Providers. Bibit specializes in processing payments, originating from various channels, over an Internet infrastructure. The company provides a multi-lingual, end-to-end Payment Service that combines 60 multi-currency and international payment methods into a single digital solution. Bibit's extensive international client list includes multi-channel retailers, as well as pure web shops, call centers, and physical points-of-sale. Customers include Dell Computer Corporation, The Financial Times, Canon, and Fleurop Interflora. Bibit is a privately held company.

About NEC CI

NEC Computers International (NEC CI) is Europe's sixth largest manufacturer of personal computers, supplying the consumer market with the Packard Bell brand, Europe's home PC leader (Source: Dataquest -- February 2002), and the professional market with the NEC brand. One of the major consolidated subsidiaries of the Japanese NEC Corporation -- and part of the operation of NEC Solutions -- NEC CI benefits from the group's on-going commitment to Research and Development.

NEC CI supplies personal computers, servers and Internet solutions to individuals, corporations, government and other public sector agencies in Europe, Africa, Middle East and Asia (except Japan and China). For the past six years, NEC CI's annual unit sales have recorded an average increase of 25%. The company employs 3,000 people worldwide.