Paytrust.com Offers Wireless Bill Delivery and Payment Service; Customers Can Now Access the Paytrust Bill Center Through Their Palm VII

Business Wire, March 21, 2000

Business & Technology Editors

PRINCETON, N.J.--(BUSINESS WIRE)--March 21, 2000

Paytrust.com(TM), the service that lets consumers receive, review, pay and organize all of their bills online, announced today wireless access to the Paytrust Bill Center. This innovation marks the first time that consumers can receive and pay 100% of their bills using a wireless device. Wireless access is available to all Paytrust.com customers at no additional charge.

Paytrust.com has partnered with Everypath(TM) to enable their customers to access their Bill Center anywhere and at anytime from their Palm VII(TM). Everypath is an application service provider (ASP) that enables web-based businesses to mobilize their web sites on wireless devices.

"Paytrust.com has delivered yet another innovation for electronic bill presentment and payment," stated Edward G. McLaughlin, CEO of Paytrust.com. "This is the first step in our wireless strategy that will enhance our customer's experience by providing even more convenient access to Paytrust.com."

The consumer receives email notification when bills come in and automatic reminders a few days before the bills are due. When the customer decides to pay their bill, the payment can be issued directly from their Palm VII. Paytrust's unique SmartBalance(TM) information is also available through the wireless interface, allowing consumers to easily check their account balance information.

To help promote the launch of its wireless application, Paytrust is giving away a Palm VII each week before April 16, 2000. All new subscribers before March 31, 2000 also qualify for the Grand Prize drawing of $5,000 to help pay their bills. To enter, consumers can visit the Paytrust homepage at www.paytrust.com and click on the "I Hate My Bills Sweepstakes II" button for more details.

"I like receiving all of my bills online through Paytrust.com," stated Paul Rudy, a recent contest winner of the Palm VII, "and now that I can access it through my Palm VII, my life has become even easier. Now I don't even have to be at my computer to pay my bills."

By providing the latest in technology to its customers, Paytrust.com offers a complete and convenient way to receive, pay and keep track of bills. Paytrust.com continues to uphold its commitment to introduce e-convenience features that will simplify the lives of their users. Paytrust.com also offers live, around the clock customer service via telephone and email 7 days a week, to ensure subscribers always have a resource for answers and assistance.

In a separate press release issued today, Paytrust.com announced that NextCard(R) and Paytrust.com are to provide online bill payment services.

About Paytrust.com

Using proprietary technology, Paytrust.com can deliver 100 percent of a subscriber's bills online. Paytrust.com subscribers receive bill notifications and reminders via email rather than physical mail, and they can review their bill information from anywhere they have access to the Internet. Paytrust.com can issue payments directly from any check writing account designated by a customer, provide information that enables a customer to balance their checkbook and provide data that a customer can download into their personal financial management software.

Paytrust.com is the flagship service of PAYTRU$T, Inc., a privately held company based in Princeton, New Jersey. Founded in October 1998, the company is financially backed by investors including American Express, AT&T Ventures, GE Equity, NextCard, SOFTBANK Venture Capital, and Spectrum Equity Investors. More information on the company can be found on its Web site located at http://www.paytrust.com or by calling 1-877-PAYTRUST.

About Everypath

Everypath is an application service provider that provides site rendering, hosting, and real-time data access to websites on a wide-variety of small format and wireless devices such as Palm PDAs, two-way pagers, Smart WAP-enabled telephones and ordinary voice telephones. Everypath spent 20 months developing a Patent-pending technology that enables it to render most HTML-based websites in seven days for access across multiple platforms. The Everypath service provides customers with a single infrastructure to support multiple devices, extremely rapid deployment and the ability to support complex e-commerce transactions.

Already the company has been recognized within the industry as a trendsetter. In November 1999, Everypath was one of 20 companies chosen by the editors of Red Herring magazine as most likely to drive the development of the Internet in the year 2000 and beyond. Everypath was also awarded the prestigious "Investors' Choice" honor at the Technology Outlook Pervasive Computing conference, hosted by Richard Shaffer. Initial funding comes from US Venture Partners and Sevin Rosen Funds. The company employs 80 and has offices in Santa Clara, California and Hyderabad, India. For more information, visit www.everypath.com.

Everypath is a trademark of Everypath Corporation. All other

product, service and company names and trademarks, registered