Princeton eCom Increases Prominence As Leading Provider Of ePayment Solutions For Multiple Channels, Methods & Formats;

Billers Maximize ROI, Improve Efficiency & Service Through Payment Chain Management(TM)

PRINCETON, N.J.--(BUSINESS WIRE)--Feb. 15, 2006--Princeton eCom www.princetonecom.com, the leading single source provider of integrated electronic payment and bill presentment solutions for banks and billers, has expanded its industry-leading client services to meet the growing demand for its full portfolio of products by offering the Payment Chain Management (TM) solution which can manage a biller's entire incoming payment stream.

"The success billers have achieved by employing individual solutions from Princeton eCom have led them to come to us for greater assistance," said Ron Averett, President and CEO of Princeton eCom. "Payment Chain Management (TM) offers billers a unique comprehensive resource to manage all aspects of electronic payments and is a natural progression of the considerable success and growth we experienced last year."

In 2005, Princeton eCom strengthened its position as a market leader with banks and billers as implementations increased by hundreds and its total transaction volume increased to 90 million (compared to 67 million in 2004). In addition, the average PayAnyone (TM) e rate rose to 75 percent versus 69 percent the year before and the company's industry-leading claims rate improved to 1.6 bp compared to 2.0 bp in 2004.

With Payment Chain Management (TM), Princeton eCom surveys a biller's payment landscape, identifies inefficiencies and provides solutions that improve processes and costs. Scalable and customized support is available regardless of electronic payment format, method, channel or frequency. In addition, users can leverage a single interface that manages all data and reconciliation as well as offers support for additional types of transactions. Customer service is enhanced through a diverse collection of payment options including credit/debit cards and ACH via the Web, IVR or Call Centers on a single or recurring basis.

"By focusing on ROI-based products, Princeton eCom has enabled clients to improve their operations and realize greater savings while enhancing customer service," Averett said. "Payment Chain Management (TM) takes all of our proven capabilities and offers a complete one-source solution for billers to maximize their investment and efficiencies with a provider they trust."

About Princeton eCom

Princeton eCom is an industry leading provider of electronic payment solutions with more than 1500 banks and 200 biller customers, including many of the Top 100 banks and Fortune 1000 corporate billers. Offering one of the few single vendor solutions for payments and presentment, Princeton eCom gives customers the convenience of multi-channel payment options and seamless integration with current systems and delivers the lowest claims rate in the industry. Princeton eCom presents more than three million bills online and processes millions of payments each month for more than 2,300 clients in diverse industries including banks/financial institutions, commercial/consumer finance and utilities. For more information, visit www.princetonecom.com.

Contacts
Keating & Co.
Gene King, 973-966-1100
or
Princeton eCom
Brenda Amarant, 609-606-3130