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PaymentOne Launches New Fraud Management Solution

SAN JOSE, Calif., - March 7, 2006 — PaymentOne(R) Corporation, the Internet's leading payment service provider, today announced the immediate availability of a new Identity Verification Service (IVS) designed to eliminate unauthorized and fraudulent online transactions.

PaymentOne's IVS is non-intrusive process that confirms the identity of a consumer in real-time and assures that an online purchase transaction is authorized and valid. Merchants can deploy the IVS to prevent a consumer from using someone else's financial credentials, identity, credit card, bank account, PhoneBill™ or other payment devices in an unauthorized manner.

Identity theft costs U.S. businesses and consumers $50 billion to $60 billion a year, according to the Federal Trade Commission. In addition, over 90% of consumers remain highly concerned about making purchases online according to the most recent UCLA Internet Report.

The new PaymentOne IVS integrates into a merchant's standard online checkout process via real-time XML APIs. During checkout the consumer provides their phone number and an additional piece of "out of wallet" information (e.g., last 4 digits of social security number, date of birth). In real time, this information is analyzed, cross referenced, matched and scored through PaymentOne's proprietary algorithms and databases to confirm the consumer's actual identity, relationship to that phone number and authority to incur charges on the proposed payment device. In real time, the merchant receives back a success or failure score that can be used to complete or redirect the transaction.

"With the ongoing expansion of eCommerce, merchants require better tools and processes to reduce the cost of fraudulent transactions. Identity verification and authentication solutions, such as PaymentOne's new Identity Verification Service, are an essential part of any effective digital based business as the industry must provide consumers more security and protection", said Pascal Burg, Director at Edgar, Dunn & Company, an independent global financial services and payments consultancy.

The IVS can be used to reduce the significant costs of "bad" transactions by confirming the validity of a consumer for credit card, bank debit, PhoneBill or other online or call center payment.

"With billions of dollars of losses to online business and consumers from fraud and identity theft, today's ecommerce process needs even more safeguards. We are pleased to launch this unique capability and continue to help our digital clients increase the profitability, safety and convenience of their online business", said Jennifer Truitt, Vice President of Product Management at PaymentOne.

PaymentOne's Identify Verification Service is available now. Please see www.paymentone.com, or call 800-747-4028 for more information.

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