American Skyline Insurance Enlists Clarity Incentive Systems to Provide a Pre-Paid Claim Disbursement Card Program

Business Wire, March 5, 2002

Business Editors

NEW YORK--(BUSINESS WIRE)--March 5, 2002

Insurance Company Utilizes Clarity Advanced Payment Platform to

Provide Policyholders With Coverage Instantly in Urgent Situations

Clarity Incentive Systems, a leading developer of payment solutions and processor of payment transactions for emerging and specialty markets, today announced American Skyline Insurance Company (ASIC), a property and casualty insurance firm, has chosen its payment platform to power a debit-card based Rapid Claim Disbursement Card program customized to meet their specific needs.

ASIC chose Clarity because they deliver a sophisticated payment platform that enables ASIC to issue monetary payments instantly to policyholders onto an ASIC-branded Visa debit card - radically increasing the speed funds are available to individuals. The debit cards are typically distributed to clients when a policy is issued, but may be issued at a later date. Payments are deposited directly onto the debit card at the time of the claim allowing individuals to begin using funds immediately at locations wherever Visa is accepted.

"By eliminating the need for our customers to wait days or even weeks for claims to be processed is a breakthrough for the insurance industry," said Earnie Hines, President and CEO of American Skyline Insurance Company. "Utilizing Clarity Incentive Systems technology to achieve this demonstrates ASIC's commitment to technological innovation and unparalleled service to America's cities."

"Clarity's payment technology allows us to cost-effectively deliver claims proceeds to our customers in a more efficient and convenient manner while also giving our customers the piece of mind that comes with the ability to access funds immediately in emergency situations," continued Kim Lewis, Public Relations Manager for ASIC.

Clarity will also provide ASIC with a suite of Web-based program administration tools including communication, tracking and CRM capabilities that are available entirely online, making implementation and modification of policy claims quick and easy for both ASIC and its policyholders. Policyholders may access their card balance information any time, 24/7.

"Insurance companies have a long history of using cumbersome, paper-based procedures to handle claims. ASIC was looking for a solution to significantly improve this process," said Anil Aggarwal, CEO of Clarity Incentive Systems. "The flexibility of our payment platform coupled with the functionality of the program, allowed us to create a signature program that improves the claim experience for both the insurance company and its customers."

About Clarity Incentive Systems

Clarity Incentive Systems develops electronic payment solutions and processes payment transactions for emerging and specialty markets. The Company provides solutions for companies in numerous vertical markets that include incentives, customer promotions, healthcare, insurance, teen payments and payroll, transforming their legacy, paper-based payment processes into efficient and cost-effective electronic systems. The Company's proprietary payment processing platform supports multiple payment vehicles such as debit, stored value, chip and private label, and incorporates Internet-enabled and other technologies that are specifically designed to provide competitive advantages within each market. Clarity Incentive Systems is headquartered in New York City with European operations based in Lisbon, Portugal. For more information visit www.clarityis.com.

About American Skyline Insurance

American Skyline Insurance Company (ASIC) is a new Property and Casualty company specializing and focusing on the insurance needs of America's cities. ASIC provides high quality Automobile, Property, Small Business insurance, and Surety Bond products for city residents and their businesses. American Skyline Insurance Company is a fully licensed insurer domiciled in the state of MD. ASIC has plans to expand its coverage to other Eastern seaboard cities in 2002. ASIC is currently putting the finishing touches on it's CityChoice(SM) brand of homeowner and businessowner insurance products. More information about ASIC can be obtained on the web www.americanskyline.net.