Business Editors

PRINCETON, N.J.--(BUSINESS WIRE)--April 11, 2000

Paytrust.com(TM), the service that lets consumers receive, review, pay and organize all their bills online, today announced the appointment of Jack Paladino to the position of chief operating officer. Paladino will be responsible for all aspects of day-to-day operations as well as long-term strategy planning.

"Jack's significant business and technology expertise further strengthens our talented management team and we are very pleased to welcome him on board," said Edward G. McLaughlin, chief executive officer of Paytrust.com. "His past corporate experience managing all servicing operations for Citibank credit card operations, including customer service, security, development and planning as well as maintaining a focus on developing a client base of millions of cardmembers will be invaluable."

Prior to joining Paytrust.com, Paladino was a business manager for e-Citi, a division of Citigroup, where he was responsible for the corporate electronic bill presentment and payment business. Paladino was instrumental in the development of e-Citi's successful corporate Internet strategy.

"I am impressed with Paytrust.com's commitment to service quality," said Jack Paladino, chief operating officer of Paytrust.com. "I look forward to enhancing Paytrust.com's infrastructure to support our growth strategy, ensure high customer satisfaction and provide an overall exceptional bill management solution."

Paladino graduated with BS degrees in Sociology and Political Science from Heron University. He also earned a Masters of Professional Administration from Long Island University.

About Paytrust.com

Through Paytrust's proprietary technology, subscribers can receive and pay 100 percent of their bills online or using a wireless device. Paytrust.com subscribers receive bill notifications and reminders via email rather than physical mail, and they can review their bill information from anywhere they have access to the Internet. Paytrust.com can issue payments directly from any check writing account designated by a customer, provide information that enables a customer to balance their checkbook and provide data that a customer can download into their personal financial management software.

Paytrust.com is the flagship service of PAYTRU$T, Inc., a privately held company based in Princeton, New Jersey. Founded in October 1998, the company is financially backed by investors including American Express, AT&T Ventures, GE Equity, NextCard, SOFTBANK Venture Capital, and Spectrum Equity Investors. More information on the company can be found on its Web site located at http://www.paytrust.com or by calling 1-877-PAYTRUST.

Paytrust, Paytrust.com, and SmartBalance are trademarks of PAYTRU$T, Inc.