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PaymentOne Chosen as Finalist for 2004 American Business Awards(SM)

Prestigious Stevie™ Awards Honors PaymentOne In “Most Innovative” Category

San Jose, CA — April 28, 2004 — PaymentOne® Corporation, the Internet's leading next generation Payment Service Provider (PSP), today announced that it was named a Finalist in the “Most Innovative Company” category in the second annual American Business Awards.

Hailed as “the business world's own Oscars” by the New York Post (September 22, 2002), The American Business Awards are the first national, all-encompassing business awards program honoring great performances in the workplace.

Nicknamed the SteviesTM for the Greek word “crowned,” winners will be announced during presentations on Monday, May 10 at the Sheraton New York Hotel & Towers in New York City. The ceremonies will be video-cast live on the Internet and will be broadcast nationwide on radio by the Business Talk Radio Network.

More than 800 nominations from companies of all sizes and in virtually every industry were submitted for consideration in more than 40 categories including Best Overall Company, Best Executive, Most Innovative Company, and Best New Product or Service. PaymentOne will be competing in the “Most Innovative Company” category in the technology industry.

“PaymentOne's innovative spirit and commitment to our client's success have been key drivers in the rapid adoption of our commerce and payment services,” said Joe Lynam, President and CEO of PaymentOne. “We are honored to be recognized with such an elite group of companies that have made it as Finalists for this award.”

Members of the Awards' Board of Distinguished Judges & Advisors and their staffs will select Stevie winners from among the Finalists. The Board includes business luminaries such as Rich Karlgaard, publisher of Forbes, Bruce Nelson, chairman & CEO of Office Depot, marketing gurus Don Peppers and Martha Rogers, Anthony Robbins, Chairman & CEO of The Anthony Robbins Companies, Drew Schutte, publisher of Wired Magazine, Jeffrey Tarr, chairman & CEO of Hoover's Inc., and Donald Trump, chairman, president and CEO of The Trump Organization.

The elegant Stevie trophy was designed by R. S. Owens, the same company that makes the Oscar and the Emmy.

“The Stevie Award has quickly become the most coveted business honor in America,” said Michael Gallagher, founder and president of The Stevie Awards. “We began the Stevie's in 2002 with the mission to generate recognition of deserving companies and individuals among the business community, the press, and the general public. Being selected as a Finalist is an important achievement, because it means that independent judges have agreed that the Finalist is worthy of national recognition. We congratulate all of the Finalists on their achievement and wish them well in the competition.”

Details about the American Business Awards and the list of Finalists are available at www.stevieawards.com/aba.

About PaymentOne

PaymentOne Corporation, based in Silicon Valley, is the leading Payment Service Provider (PSP) for digital content, premium services and Internet access providers. PaymentOne's advanced payment platform and hosted commerce infrastructure enable dynamic payment option management for merchants to increase revenues, user acquisition, and collection rates. The full PaymentOne suite of services includes proprietary and best of breed fraud detection, Propensity To Pay(SM) credit analytics, traditional payment processing, a unique set of "No Credit Card Required" alternative payment options, pre and post-paid micropayments, hosted customer management, outsourced billing operations, customer care and collection services.

PaymentOne's has processed over $1 billion in retail billings and has delivered its clients incremental annual gains of over 25% in revenue and consumer acquisition rates. To learn more about PaymentOne, visit www.Paymentone.com or call 800-747-4028.

About The Stevie Awards

Hailed as “the business world's own Oscars” by the New York Post ( September 22, 2002 ), Stevie Awards are conferred in two programs: The American Business Awards and The International Business Awards. Honoring companies of all types and sizes and the people behind them, the Stevies recognize outstanding leadership, innovation, perseverance, creativity, teamwork, and integrity through more than 40 categories. The second annual American Business Awards – nicknamed The Stevies TM from the Greek word for "crowned" - will be presented in New York City on May 10, 2004 . The program is overseen by a Board of Distinguished Judges & Advisors, which includes leading business executives, authors, and academics. Sponsors of The 2004 American Business Awards include the BusinessTalkRadio Network, Digipict, Hoover 's Online, Inc. Magazine, Miller Heiman, the Professional Society for Sales & Marketing Training, Selling Power Magazine, Speedera Networks, Ultimate Software, Webcast in a Box, and Wired Magazine.

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© 2004 PaymentOne Corporation. All rights reserved. PaymentOne, WebBill ®, Propensity To Pay and PayConnect are trademarks of PaymentOne Corporation. The names of actual companies and products mentioned herein are the trademarks 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"