Bpass and AvantGo Team Up to Offer Customers Mobile Banking Services

Business Wire, July 18, 2001

Business Editors/High-Tech Writers

NEW YORK & SAN MATEO, Calif.--(BUSINESS WIRE)--July 18, 2001

AvantGo, Inc., the leading provider of mobile infrastructure software and services, and Bpass, Inc., a privately held efinance solutions provider that leverages the shared ATM networks, today announced that they have teamed up to offer banking services to mobile device users. By offering the BankPass balance inquiry service on the AvantGo mobile Internet service, Bpass is extending its technology to provide on the go consumers with secure, real-time access to their consolidated account balances.

Once consumers have registered with BankPass, they immediately have secure access to their ATM-enabled banking and credit card accounts, accessible via their mobile devices using the AvantGo service. BankPass is the first Internet gateway to the global ATM network that enables consumers to access their balances without requiring them or their bank to use any special software or hardware. Consumers can use the BankPass service even if their financial institution does not offer online banking or they are not registered for online banking services. BankPass is simple to use and provides consumers with a secure, convenient, quick way to stay on top of their finances and spend with confidence. BankPass does not charge consumers for the use of its service.

"Consumers want access to their financial information in a variety of settings -- at home, in the office and on the road. By extending the BankPass balance inquiry service to the AvantGo mobile Internet service, consumers now have unprecedented real-time account balance availability, with greater choice for how, when and where they access this information," said Jimmy Hallac, CEO, Bpass Inc. "We're excited to bring the BankPass technology to the AvantGo platform, and together offer consumers a great new way to have their financial information at their fingertips."

"In a recent AvantGo survey, we found that almost two thirds of our users would like mobile access to their online bank account," said Mike Aufricht, general manager of AvantGo's Mobile Marketing and Commerce division. "Our audience demographic is ideal for Bpass and we are pleased to be working with them to extend their technology to the mobile arena and provide a valuable financial service to our customers."

About Bpass

Founded in January 2000, Bpass Inc. is a financial services solutions provider that leverages the existing shared ATM infrastructure to develop e-finance solutions. Its flagship service, BankPass, provides consumers with simple, convenient and fast access to their financial information by safely and securely delivering real-time account balances across multiple channels, including the Internet, e-mail, PDAs, instant messenger services and mobile devices. The BankPass technology is able to access ATM-enabled accounts, independent of whether or not a consumer's financial institution offers online banking or the consumer has activated their accounts for online banking. The technology can be seamlessly integrated into new or existing online and mobile service offerings or operate on a stand alone basis. Bpass is partnering with financial service enablers, financial institutions, ATM networks and processors, and online destinations to leverage its robust, proprietary technology to better serve consumers through increased access to their financial information and additional online payment choices. Bpass Inc. is headquartered in New York City. www.bankpass.com.

About AvantGo

AvantGo, Inc. is the leading provider of infrastructure software and services that power the mobile economy. AvantGo M-Business software enables businesses to increase the value of their corporate information systems by extending existing enterprise applications and critical information to employees, customers and business partners. The company also provides the AvantGo mobile Internet service, a hosted network that enables hundreds of businesses to deliver their content and applications to more than 2.5 million mobile consumers. AvantGo is a pioneer in delivering real-world solutions for both wireless and off-line use. For more information, please visit www.avantgo.com.

Cautionary Statement

Except for historical information, all of the expectations and assumptions contained in the foregoing are forward-looking statements involving risks and uncertainties. Important factors that could cause actual results to differ materially from such forward-looking statements include, but are not limited to, the ability of the parties to timely develop and deliver to customers products and services that are interoperable; possible delays in the release of products and services, and customer demand for such products and services. For additional information regarding these and other risks associated with the companies' business refer to the companies' reports filed with the SEC.

Note to Editors: AvantGo, AvantGo Enterprise and the AvantGo logo are registered trademarks of AvantGo, Inc. All other trademarks are the property of their respective owners.