ICVERIFY OFFERS "YEAR 2000"-COMPLIANT PAYMENT SOFTWARE

ICVERIFY,(R) Inc., Oakland, CA, the leading provider of software solutions for authorization of credit, debit/ATM card and check guarantee transactions, announced the availability of "Year 2000" compliant software for merchants to meet Visa International and MasterCard's March 1997 requirement for accurately processing credit cards issued with expiration dates of 2000 or later.

Since computer systems have been programmed to recognize only the last two digits of a year, cards with an expiration date of 2000 or later would not have been handled properly. This problem is now immediate as credit card issuers need to issue cards with expiration dates in the next century.

"When credit cards are issued with an expiration date in the next century, ICVERIFY's merchants will already be equipped to correctly read and transmit the information to their banks," said Chairman and Founder Steven M. Elefant. "We anticipated the need for "Year 2000" capabilities for merchants processing credit and debit/ATM cards, and since our January 10, 1996 release of version 6.50.80, ICVERIFY has provided Year 2000 compliant payment transaction software to its customers."

Customers with ICVERIFY software older than version 6.50.80 should contact their ICVERIFY reseller, dealer, or bank to purchase an upgrade.

About ICVERIFY, Inc.

ICVERIFY, Inc., a privately-held, venture capital-funded corporation based in Oakland, California, is the leading software solution for authorizing credit, debit/ATM card and check guarantee transactions and is used by over 75,000 merchants worldwide at over 250,000 points of sale. ICVERIFY supports over 80 major card processing networks -- representing 99% of all merchant banks -- and has certifications covering the retail, restaurant, hotel, mail/telephone order, auto rental, travel and gasoline industries. The software processes Visa, MasterCard, American Express, Discover, Diners Club, Carte Blanche, JCB and private-label credit cards, with automatic draft capture to the merchant's bank account. ICVERIFY's functionality includes transaction record storage and built-in reporting features to provide business and demographic information necessary for forecasting and target marketing. ICVERIFY can be reached through the Internet at http://www.icverify.com/ or by calling 800/666-5777.