New Advanced Features for PayMode Electronic Payment Solution

Simpler Enrollment, Enhanced User Interface and Customized Administration Provide Advanced, Intuitive Payment Options

PORTLAND, ME — April 8, 2002 — A new, enhanced version of PayMode, the market-leading business-to-business payment solution available for the first time today includes a redesigned and more intuitive user interface as well as a more streamlined enrollment experience to help move new customers through the registration process faster.

Over the last year, PayMode has enabled customers such as Fairchild Semiconductor, Lydall, Inc., Morgan Stanley, TAC Worldwide and the State of Maine to send and receive electronic payments along with rich remittance information to and from their suppliers and customers. The new enhancements are the result of proactive research and development, direct customer feedback and more than 15 weeks of comprehensive usability testing on every aspect of the PayMode customer experience.

PayMode’s many Web-based features have proven to reduce the costs associated with paper and other electronic payment methods, create more efficient accounts payable and accounts receivable processes, strengthen supplier relationships and increase cash and working capital visibility. These features include secure initiation and digital signature capabilities, the simultaneous transmission and receipt of payments and remittance information, multiple options for settlement timing, robust online reporting and account administration, and easy Web-based enrollment. In addition, PayMode’s bank-neutral format, proven ability to quickly integrate PayMode with any existing ERP or accounting systems, including Oracle, PeopleSoft, SAP, JD Edwards and others, enable companies to quickly realize both strategic value and a high return on investment from electronic payments. Furthermore, customers quickly realize PayMode’s value with the Accelerated Enrollment Program, which allows companies to focus on their core business while their suppliers and customers are rapidly enrolled.

The new features of PayMode include:

Streamlined enrollment — Simple, two-screen process allows companies and their suppliers to enroll in PayMode in ten minutes or less.

Redesigned user interface — More intuitive page layout, navigation and an enhanced look and feel provide a more efficient work environment and positive user experience.

New customer homepage — Customized, centralized user homepage provides quick access to dynamic information and navigation throughout PayMode.

Simplified administration — More detailed and customizable business rules, user privilege settings and controls match existing corporate payment processes.

Contact: Ann McCormick , 207-771-3769,   ann_f_mccormick@fleet.com