Press Release

BANKSERV ALLIES WITH AUCTION BROKER SOFTWARE

Partnership to Provide Online Payments Capabilities for Internet Auctions

November 13, 2000 - SAN FRANCISCO AND TAMPA, FL - BankServ, one of the nation's leading providers of Internet payment services, and Auction Broker Software, a leading developer of dynamic eCommerce auction solutions, eProcurement solutions and eMarketplace solutions, today announced an agreement for BankServ to provide payment options for Auction Broker's business-to-business (B2B) online auctions.

BankServ provides a suite of straight-through online payment services for B2B eCommerce. Auction Broker will incorporate several BankServ solutions into its software, including secure online Automated Clearing House (ACH) Internet checks and funds transfers, online domestic and international wire transfers, online authentication, credit card processing and invoicing services.

Acting as an Application Services Provider (ASP), Auction Broker Software offers Auction Broker™ 4.5, a dynamic pricing application that allows individuals or businesses to quickly implement a robust, easy to use online auction. Through administrative tools and wizards, Auction Broker's software offers the flexibility to quickly create a market-specific online auction with minimal technical expertise.

"Auction Broker has developed a number of innovative concepts and options to make B2B auctions truly useful online," said Jamie Rubin, East Coast Internet strategic alliances manager for BankServ. "These include the ability to place Auction Broker Software on multiple search engines at once, and the ability to view multiple communities as separate auctions for the benefit of Internet integrators. As we move from face-to-face, paper-based marketplaces, to online paperless markets, it is critical we develop electronic functions that take advantage of the possibilities of the new Internet media. Auction Broker is doing just that."

BankServ's commitment to security online was a key reason Auction Broker chose the company to provide its payment services, according to Wesley Beaty, vice president of sales and marketing for Auction Broker Software. "BankServ has developed not just one online payment service, but incorporated in one package all the payment and payment-related services that online auctions and marketplaces would need to remove paper from the transaction process," said Beaty. "In addition, they already have a respected track record as a payments provider on the Internet, and in the brick-and-mortar retail and financial services worlds."

About Auction Broker Software

Auction Broker Software, based in Tampa, Fl., is a leading developer of dynamic eCommerce auction solutions, eProcurement solutions and eMarketplace solutions. Since it's founding in 1995, Auction Broker Software, Inc. has been at the forefront of the dynamic pricing commerce revolution. The first to offer a packaged online auction application, Auction Broker Software, Inc. has grown to become a clear market leader and has deployed hundreds of dynamic web solutions. Acting as an Application Service Provider (ASP), the company's customers outsource all online auction functions to Auction Broker, including the process of running Internet auctions, as well as development, deployment, maintenance and hosting. To learn more about Auction Broker Software, go to www.auctionbroker.com.

About BankServ

Founded in 1996 by CEO Dave Kvederis, BankServ is one of the country's leading providers of payment solutions for online businesses, retailers and financial services companies. Its electronic check conversion, ACH funds transfer and global wire transfer systems serve hundreds of U.S. businesses and financial institutions in online, point-of-sale and back-office applications. The company's Internet check and wire transfer services are built on the backbones of BankServ's secure proprietary ACH and Fedwire processing systems. Security and verification services are provided through BankServ's own database management systems and through partnerships with Thomson Financial Publishing, Experian and others. Digital certification is provided through BankServ's own proprietary software. Headquartered in San Francisco, BankServ also maintains offices in Atlanta, Austin, Boise, Boston, Chicago, Dallas, Houston, Lafayette, La., Las Vegas, and New York.

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