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2003 Press Releases

PaymentOne Ranked 39 Out of 500 as Fastest Growing Technology Company in North America

2003 Deloitte & Touche Technology Fast 500 Recognizes PaymentOne’s 11,297 Percent Revenue Growth over Past Five Years

San Jose, CA — October 14, 2003 — Payment One, Corporation, the leading provider of advanced payment solutions and services for ISP’s, digital content and premium service providers, today announced its ranking as Number 39 on the 2003 Deloitte & Touche Technology Fast 500, a ranking of the 500 fastest growing technology companies in North America. Rankings are based on average percentage revenue growth over five years. PaymentOne was ranked based on its five-year percentage revenue growth of 11,297 percent from 1998-2002.

PaymentOne credits a strong customer base, continued technology innovation and industry commitment to the company’s growth over the past five years. “We are excited to be a part of such an elite group of companies in this selection. The acknowledgement from Deloitte & Touche is a testament to our company’s strength, vision and temerity to succeed despite a very challenging technology environment and we’re proud to be designated as a leading company in the market,” comments PaymentOne’s President and CEO, Joe Lynam.

“In today’s economy, triple-digit percentage revenue growth is an exceptional accomplishment. We commend PaymentOne for making the commitment to technology and delivering on the promise of market longevity.” said Roy Avondet, lead partner for Deloitte’s Technology, Media & Telecommunications program. “We are proud to honor PaymentOne as one of Deloitte & Touche’s Technology Fast 500 companies in North America."

Overall, companies that ranked on the 2003 Technology Fast 500 had growth rates ranging from 469 to 296,080 percent over five years, with an average growth rate of 5,493 percent. PaymentOne’s ranking in the top 50 is testament to PaymentOne’s mission and commitment to offering leading-edge technology in the payment & billing industry.

Fast 500 Selection and Qualifications

The Fast 500 list is compiled from Deloitte’s 20 regional North American Fast 50 programs, nominations submitted directly to the Fast 500, and public company database research. To qualify for the Fast 500, entrants must have had 1998 operating revenues of at least $50,000 USD and $75,000 CD for the United States and Canada, respectively; and 2002 operating revenues of at least $1 million USD or CD. Deloitte researchers examined financial statements to validate operating revenues. Entrants must also be public or private companies headquartered in North America and must be a "technology company," defined as a company that owns proprietary technology that contributes to a significant portion of the company's operating revenues; or devotes a significant proportion of revenues to the research and development of technology.

About PaymentOne

PaymentOne Corporation is the leading Payment Service provider (PSP) for the Internet, offering complete outsourced billing and customer revenue optimization solutions in a service bureau model designed to meet the unique needs of Internet Service Providers, Enhanced Service Providers and Digital Content Providers. Industry leading payment platforms include PhoneBill ™, DirectPayTM, WebBill ®, CreditCard, ACH, and Pre-Paid. As a single-vendor solution, PaymentOne’s products span the entire service chain and include front-end Registration. Validation and Fraud Control, Customer Management and Customer Care in addition to its billing platforms. PaymentOne is a privately held company located in Silicon Valley. To learn more about PaymentOne, visit www.PaymentOne.com or call 800-747-4028.

About Deloitte &Touche

Deloitte, one of the nation’s leading professional services firms, provides audit, tax, financial advisory services and consulting through nearly 30,000 people in more than 80 U.S. cities. The firm is dedicated to helping its clients and its people excel. Known as an employer of choice for innovative human resources programs, Deloitte has been recognized as one of the “100 Best Companies to Work For in America” by Fortune magazine for six consecutive years. “Deloitte” refers to Deloitte & Touche LLP and affiliated entities. Deloitte is the US member firm of Deloitte Touche Tohmatsu. Deloitte Touche Tohmatsu is a Swiss Verein (association), and, as such, neither Deloitte Touche Tohmatsu nor any of its member firms has any liability for each other’s acts or omissions. Each of the member firms is a separate and independent legal entity operating under the name “Deloitte,” "Deloitte & Touche," "Deloitte Touche Tohmatsu" or other related names. The services described herein are provided by the US member firm and not by the Deloitte Touche Tohmatsu Verein. For more information, please visit Deloitte’s web site at www.deloitte.com/us.

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PaymentOne is a registered trademark of PaymentOne Corporation. WebBill ® and DirectBill ™ are trademarks of PaymentOne Corporation. All other names and trademarks are the property of their respective owners.

"In today's economy, triple-digit percentage revenue growth is an exceptional accomplishment. We commend PaymentOne for making the commitment to technology and delivering on the promise of market longevity"