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PAYMENTONE AMONG INC 500 FASTEST GROWING PRIVATE COMPANIES

SAN JOSE, Calif., – November 1, 2005 – PaymentOne(R) Corporation today announced that Inc. Magazine has added the company to the Inc 500 list of fastest growing private companies. PaymentOne achieved a substantial 321 percent growth over the past 3 years.

The companies that made this list represent the vanguard of American industry, posting an average three-year sales growth of 769%. Inc 500 project manager Jim Lelloan said: “When you look at the amazing job growth among Inc. 500 companies and contrast it with the stagnation in the Fortune 500, it underscores the changing nature of our economy. With unprecedented global competition, companies have to be able to turn on a dime and discover innovative new ways of doing business. Increasingly, it’s the smaller, agile companies like those on the Inc. 500 that are best equipped to meet these challenges.”

PaymentOne's President and CEO, Joe Lynam, credits the company's strong growth to its demonstrated ability to increase its clients' financial performance, hallmark levels of customer service and rapidly expanding market demand. "Being acknowledged by the Inc Magazine is a testament to the company's vision and our team's dedication, tenacity and disciplined approach. We are excited to be a part of such a notable group of companies and proud to be designated as a market leader," commented Mr. Lynam.

Inc. 500 companies posted aggregate 2004 revenue of $15.9 billion, and 84% of them were profitable. Most importantly, Inc. 500 companies were engines of job growth, having created more than 95,000 jobs since the companies were founded.

Methodology
To be eligible for this year’s Inc. 500, companies had to be U.S.-based, independent and privately held through their fiscal year 2004, and have had at least $500,000 in net sales in the base year of 2001. In addition, their 2004 sales had to exceed 2003 sales. Companies are ranked on cumulative three-year sales growth from 2001 to 2004. Inc. verifies all information using tax forms and audited financial statements from certified public accountants and by conducting interviews with company officials.

The Inc. 500 ranks privately held companies according to year-over-year sales growth from 2001 to 2004. With approximately 75% of all new job creation in the U.S. coming from entrepreneurial businesses, the Inc. 500 opens a window onto the companies and industries that are driving the economy forward. Over the years, the Inc. 500 has identified the next generation of world-class companies, with Microsoft, Stonyfield Farms, Timberland, Oracle, The Princeton Review, Morningstar, Jamba Juice, Gateway, E*Trade, Intuit, and Domino’s Pizza all appearing on the list before they became industry powerhouses.

About Inc. Magazine
Inc., the only business magazine dedicated exclusively to owners and managers of fast-growing private companies, delivers real solutions for today's innovative company builders. It provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing and technology. Inc. is the premier publication that focuses on small to medium-size businesses, which are responsible for more than half the nation's gross domestic product and 75% of its new jobs. And Inc. looks beyond work to address the entrepreneurial lifestyle. Inc., a Gruner + Jahr USA publication, inspires and informs, with cutting-edge coverage that reflects our readers' energy, brashness, and imagination.

About PaymentOne
PaymentOne Corporation is one of the world’s fastest growing online Payment Services Providers (PSPs). Founded in July 2000, PaymentOne has pioneered payment and marketing services that connect digital merchants and network operators and accelerate the adoption of online content and services by over 25%. Based in Silicon Valley, PaymentOne has generated over $1.8 billion in new digital revenue over the last 36 months for its clients and partners. The company manages a network of over 1000 telecommunication/broadband providers, mobile operators, media companies and content partners including companies such as America Online, United Online, NetZero and Time Inc. To help online merchants attract, convert and retain a wider audience, PaymentOne's integrated suite of revenue optimization services include a unique set of non-credit card payment alternatives, macro and micropayments, identity verification and fraud detection, traditional payment processing, global payments, and a co-marketing distribution network. The company’s flagship PhoneBill service provides merchants with access to over 150 million consumers. To learn more about PaymentOne, visit www.PaymentOne.com or call 800-747-4028.

(C) 2005 PaymentOne Corporation. All rights reserved. PaymentOne, PhoneBill, PayConnect, DirectBill, WebBill, PaymentOne Carrier Network, PaymentOne Broadband Content Network, Propensity to Pay, PayOne, Payment Practice Index, are trademarks, service marks or registered trademarks of PaymentOne. The names of actual companies and products mentioned herein are the trademarks of their respective owners.

Media Contact:
Andrew Hoerner 408-362-4234
PaymentOne Corp ahoerner@paymentone.com