USA Group Selects Click-n-Done for Electronic Bill Presentment and Payment; Software Will Support Online Presentment and Payment for Education Loan Borrowers

Business Wire, April 24, 2000

Business Editors, Internet Writers

RYE, N.Y.--(BUSINESS WIRE)--April 24, 2000

Mobius Management Systems, Inc. (Nasdaq: MOBI), and Click-n-Done.com, LLC, a wholly owned subsidiary of Mobius and a provider of software for e-bill and e-statement applications, today announced that USA Group, the nation's largest guarantor and administrator of education loans, will offer an online bill payment service to its borrowers using Click-n-Done(TM) electronic bill presentment and payment (EBPP) software. Beginning this summer, 934,000 borrowers whose loans are in repayment and are serviced by USA Group will be able to receive their monthly loan statements via the Internet and make loan payments electronically.

Borrowers who sign up for this service will be notified by e-mail when their education loan payments are due each month. They will be able to review their loan statements on the Internet and specify the date on which a bill is to be paid. On the selected date, funds will be transferred from the borrower's bank account to USA Group. Click-n-Done will offer borrowers three options for online bill payment:

     -    they can visit USA Group's Web site to review and pay their
          bills;

     -    those who pay multiple bills via the Internet can select a
          bill consolidator and pay bills centrally at that site; or

     -    they can download the free Click-n-Done consumer
          consolidation software and manage their billing and payment
          data on the desktop.

"Today's students expect efficient computer-oriented services," said June M. McCormack, USA Group executive vice president. "We want to help students manage their education loan debt and offer them a tool to consolidate all their monthly payments into one easy, fast, online bill payment option."

"We are really excited to be working with USA Group on this state-of-the-art project," said Sandra Becker, Mobius senior vice president of marketing. "We believe this will be one of the most significant e-billing initiatives implemented to date. USA Group's audience is the 'Internet generation' -- Web-savvy students who have grown up with the technology. We believe that USA Group can achieve high rates of adoption with this system and reap the benefits in marketing opportunities, consumer satisfaction and cost savings."

Click-n-Done, developed by Mobius subsidiary Click-n-Done.com, LLC, provides a flexible, comprehensive multi-tier solution for electronic bill presentment and payment, supporting the most popular EBPP models, including biller direct, central consolidation, and consumer consolidation. The patent-pending Click-n-Done consumer consolidation component manages and stores billing and payment data on the desktop, providing privacy and eliminating paper-based filing systems. Click-n-Done is integrated with Mobius ViewDirect technology, which provides the bill repository component of e-billing systems.

About USA Group

USA Group supports access to education by providing financial, information, and management services to those who pursue, provide, or promote education. Each year, USA Group affiliates guarantee or process the guarantees for more than $10 billion in education loans. USA Group services more than $15 billion in education loans on behalf of approximately 130 lenders located throughout the United States.

About Mobius

Mobius Management Systems, Inc. (www.mobius.com) is a leading provider of software solutions that enable Web-based document-centric applications. The Company's ViewDirect technology provides Internet and network access to an integrated repository of diverse documents, reports and images. The software supports a broad range of e-business requirements, including customer service, enterprise resource planning, and electronic bill presentment and payment. Mobius products are used by more than 1,200 organizations worldwide, including banks, insurance companies, financial services providers, utilities and telecommunications companies. More than half of the Fortune 100 companies use Mobius software. Founded in 1981, the Company is headquartered in Rye, New York, with eleven domestic offices, as well as foreign subsidiaries in England, France, Germany, Italy, Sweden, Switzerland, Benelux, Australia and Japan.

About Click-n-Done.com

Click-n-Done.com (www.click-n-done.com), a subsidiary of Mobius Management Systems, Inc., provides a "next-generation" e-statement and e-billing solution that addresses the needs of financial institutions, companies who issue bills and statements, and the consumers who receive and pay them. For issuers, Click-n-Done enables complete control of the one-to-one marketing relationship with their customers while delivering all the benefits of electronic bill/statement presentment and payment (EBPP). The multi-channel solution delivers bills and statements through the biller's own Web site, e-bill consolidators, or directly to the consumer's desktop. For consumers, Click-n-Done.com is a free service that resolves both convenience and privacy issues that until now have prevented widespread consumer adoption of EBPP.