ICVERIFY Launches Retail Distribution at OfficeMax and MicroCenter; ICVERIFY Solution Recognized by Retail Distribution Chains in the Explosive Growth of Credit Card Usage among Small Business Owners

Business Wire, Sept 30, 1996

OAKLAND, Calif.--(BUSINESS WIRE)--Sept. 30, 1996--American Bankers Association Booth No. 201/203 -- ICVERIFY, Inc. announced today it will sell its PC-based credit/debit card authorization and check guarantee software, ICVERIFY, through large retail chains, including OfficeMax(R) and MicroCenter(R) stores.

ICVERIFY is a complete software solution, enabling a merchant's PC-based Point-Of-Sale (POS) or computer system to quickly perform credit card authorization/draft capture, check guarantee and ATM/debit card authorization. ICVERIFY allows up to nine years of transaction storage and tracking plus comprehensive, built-in reporting on PC-based POS or computer systems.

According to Andrea Skov, vice president, marketing and communications at ICVERIFY, Inc., "ICVERIFY'S move to distribute our products through retail chains signifies a distinct shift in the way small offices and home offices (SOHO) view Point-Of-Sale transactions. The SOHO market is searching for increased efficiency and reduced expenses in their payment processing and ICVERIFY offers both in an easy-to-use solution."

The OfficeMax retail chain has over 500 stores in 43 states, Puerto Rico, and Mexico. OfficeMax's primary target market is the small and medium-sized business employing 1-100, and the home office market.

MicroCenter is an Iowa-based retail chain with 13 stores throughout the mid-West. MicroCenter specializes in the small to medium-sized business market.

ICVERIFY single user software has a suggested retail price of US$349.

ICVERIFY Inc.

ICVERIFY, Inc., a privately held, venture-funded corporation based in Oakland, is the leading provider of credit authorization/draft capture, check guarantee and debit/ATM card authorization software for open-platform, Point-Of-Sale/business systems worldwide. ICVERIFY Inc.'s software is distributed internationally through software developers, catalogues, original equipment manufacturers (OEMs) and independent sales organizations (ISOs) for credit card processors.

ICVERIFY Inc.'s solutions are used in both traditional retail (general retail, restaurant, hotel, car rental, travel) and non-traditional retail (Internet, kiosk, catalogue, mail/phone order, CDPD, wireless communications) environments. More information about ICVERIFY is available via the World Wide Web at http://www.icverify.com/.>OfficeMax

In addition to its chain of 500 superstores and delivery centers, OfficeMax operates FurnitureMax and CopyMax, store-within-a-store retailing concepts devoted exclusively to office furniture and "print-for-pay" services, respectively. The Company also operates OfficeMax OnLine, which enables subscribers of online services, including America Online, CompuServe, internetMCI, Prodigy and The Microsoft Network, to buy a wide assortment of OfficeMax merchandise using their personal computers. -0-

Note to Editors: All trademarks and registered trademarks are those of their respective holders.

CONTACT: ICVERIFY, Inc.

Andrea R. Skov, 510/553-7500

askov@icverify.com

or

Strategy Associates

Cynthia Harris, 415/286-1094

cynthiah@prstrategy.com