Norwest Chooses Politzer & Haney for Web ACH Origination.

NEWTON, Mass.--(BUSINESS WIRE)--March 9, 1998--$88.5 billion asset Norwest Bank, one of the nation's top originators of ACH transactions, has selected Politzer & Haney's Web Payments(tm) for business and corporate customer ACH origination. Norwest will integrate Web Payments into the new Norwest CustomerConnect (sm) suite of browser-based financial management products offered to its business and corporate customers.

"We chose Politzer & Haney because of our long-standing working relationship with them," states Scott Peterson, senior vice president, Norwest Treasury Management, Norwest Banks. "We anticipate that they will bring the same high level of business expertise and customer support to their web product."

"We are very pleased that Norwest has chosen Politzer & Haney Web-based ACH origination. We are looking forward to expanding our relationship with Norwest Bank," notes Chris Haney, president of Politzer & Haney. "We see Web Payments as providing advantages to institutions of any size, no matter how they want to structure a Web offering - whether integrated into a proprietary platform as Norwest is doing, as a stand-alone ACH product, or as part of our comprehensive Web Cash Manager solution."

Web Payments, in production since late last year, is the first product in Politzer & Haney's Web Cash Manager(tm) product line that includes ACH Origination, Information Reporting, and Wire Transfer Initiation. It allows an institution to take advantage of Internet technology to deliver cash management services to corporate customers as part of their corporate intranet/extranet, or directly over the Internet. Web Payments offers financial institutions a range of alternatives, including running the product stand-alone, as part of the Web Cash Manager product line, or integrated, as at Norwest, with a bank's proprietary platform.

Web Payments provides an alternate channel for the delivery of cash management services, such as payroll, State and Federal tax payments, and cash concentration and disbursement. The browser-based product uses either Netscape Navigator(R) or Microsoft(R)'s Internet Explorer(tm). It utilizes industry-standard databases, protocols, and technology and supports SSL for data encryption, providing a secure payments processing environment.

The product eliminates software distribution and reduces customer service for the bank. Moreover, the product positions institutions to extend their cash management services to a whole new set of customers. The software is easily tailored to an institution's specific requirements, giving them flexible processing and service options.

"Internet technology allows financial institutions to take a major step forward in electronic banking service delivery," Haney states. "Institutions can grow their customer base beyond traditional markets. This is perhaps the biggest and most rapid change in the technology for electronic banking delivery that I have seen in my years in the business. Web Payments increases an institution's ability to reach new customers and new segments of the market, particularly given its ease of use for State and Federal tax payments, especially the EFTPS program."

Founded in 1983, Politzer & Haney is the leading supplier of electronic banking systems to U.S. banking and financial institutions. Politzer & Haney offers Windows(R) workstation products as well as Web Cash Manager. Marketed under the tradenames, Auto Cash Manager, Auto Cash Transfer, and Auto Cash Payments, Politzer & Haney workstations provide an institution's corporate customers with robust, easy-to-use products for ACH Origination, Account Reconciliation, Wire Origination, and Information Reporting. More than 350 institutions, including 13 of the top 20 banks, and 20,000 customers, depend on Politzer & Haney products to support their daily cash management activities.

-0-

Web Cash Manager and Web Payments are trademarks of Politzer & Haney

Microsoft is a registered trademark of Microsoft Corporation 

Microsoft Internet Explorer is a trademark of Microsoft Corporation

Netscape is a registered trademark of Netscape Communications Corporation 

Windows is a registered trademark of Microsoft Corporation

CONTACT: Politzer & Haney

Breffni McGuire, [phone]

[e-mail]