Denali Alaskan Federal Credit Union Selects PaySense Digital Billing Solution; Forms SpeedBill.com to Bring EBPP to Alaska

Business Wire, March 20, 2000

Business Editors

MINNEAPOLIS--(BUSINESS WIRE)--March 20, 2000

TriSense Software Ltd. today announced that Denali Alaskan Federal Credit Union has selected PaySense(TM) as its digital billing solution of choice. Denali recently established SpeedBill.com., a Credit Union Service Organization (CUSO), to provide electronic bill presentment and payment (EBPP) services to its members - including select employer groups and other credit unions in Alaska. SpeedBill.com is the latest organization to join the PaySense Digital Driver(TM) biller service provider (BSP) program.

SpeedBill.com is currently implementing the PaySense enhanced e-mail solution to serve approximately 2,500 Denali Alaskan Visa(R) Credit Card members, and will roll out a comprehensive e-mail, web and OFX delivery service later this year. Denali has more than 32,000 members eligible for electronic bill presentment and payment (EBPP), and will outsource the service to other organizations and businesses in the state.

"Alaska has one of the highest adoption rates for Internet technologies, making the PaySense multi-model solution especially attractive in this market," states Bob Teachworth, Denali President and CEO. "Our members are very Internet-savvy, and appreciate the convenience, savings and choice we can offer with PaySense. And, by outsourcing their billing through SpeedBill.com, business customers gain a cost-effective, interactive marketing channel without disrupting existing billing processes," he adds.

According to Dale Fosselman, Chief Operating Officer for SpeedBill.com, security was a key factor in selecting PaySense as the EBPP platform. "Due to the sensitive nature of our interaction with home banking customers and the trust our business customers place in us, we needed rock-solid security and found the Anonymous Delivery(TM) features of PaySense to be unparalleled," says Fosselman.

About Denali Alaskan Federal Credit Union

Denali Alaskan Federal Credit Union is the state's third largest credit union, with more than 32,000 members served by seven branches and supported by telephone and Internet access points across the globe. The Credit Union was chartered more than 50 years ago in Anchorage, initially as the City of Anchorage Employees FCU, with eight members and $40 in assets. A pioneer of Alaskan Internet banking, Denali features a comprehensive suite of financial products and services.

About TriSense

TriSense Software Ltd. develops and markets PaySense(TM), a comprehensive, turnkey digital billing solution that provides exceptional reach and flexibility. A complete multi-model solution, PaySense connects billers and customers through a digital billing network, providing a secure, fast, and convenient way to receive, view and pay bills through the Internet. A leader in the electronic bill presentment and payment marketplace since 1996, TriSense is based in Minneapolis, MN. For more information, contact TriSense at 612-894-9500 or on the Web at www.trisense.com.