Press Release

BankServ Introduces Co Branded Drop Box Check Conversion Product for Banks and Announces ABN AMRO Partnership

April 28, 2003 - SAN FRANCISCO — BankServ, a principal provider of enterprise ACH and Wire Transfer processing solutions to banks, launched ARCPaysm today at the NACHA Payments Conference in Orlando Florida. The co branded version of ARCPaysm allows banks to provide their business customers with a complete electronic check conversion and accounts receivable solution for mailed payments or those deposited at a dropbox. The most recent BankServ ARCPaysm partner is ABN AMRO, the 16th largest originator of ACH transactions according to NACHA's Top 50 list for 2002.

According to Elaine Mikols, ABN AMRO vice president, electronic payments product management, "the BankServ partnership enables ABN AMRO to move into the next generation of ACH transactions. Our customer base will be able to streamline their business processes as well as reduce their dependence upon paper processing. ARCPaysm allows ABN AMRO to offer our clients increased reporting options, as well as faster access to funds."

BankServ's newest private label service uses the NACHA Accounts Receivable Entry (ARC) and has a number of key differentiators. ARCPaysm is an end-to-end business solution. It includes check scanning, image capture, accounts receivable update, electronic money movement and settlement. Internet reporting and web access to archived check images are integrated into the service.

"Banks adopting ARCPaysm act as the originating depository financial institution (ODFI) enabling them to grow transaction volumes and widen margins. ABN AMRO's adoption of ARCPaysm will allow them quick entry to the market as well as maximize return on investment through a secure and proven ACH outsource environment," said Peter Hosokawa, Bankserv chief operating officer. "ARCPaysm is part of an enterprise ACH suite that allows banks to offer a full array of single-entry, non-recurring electronic check services from a single platform including WEB, TEL, ARC and RCK."

About ABN AMRO (www.abnamro.com)

Netherlands-based ABN AMRO is a leading international bank with total assets in excess of EUR 600 billion. It has a presence in more than 3,400 locations in more than 60 countries, and 110,000 employees world-wide. ABN AMRO is listed on the Euronext, London and New York stock exchanges. ABN AMRO operates through three Strategic Business Units, each responsible for managing a distinct client segment. Wholesale Clients provides integrated corporate and investment banking services to corporate, institutional and public sector clients worldwide. Consumer & Commercial Clients focuses on retail and SME clients in three home markets - the Netherlands, the US and Brazil and in a number of selected growth markets. Private Clients & Asset Management focuses on private banking and fund management clients.