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PaymentOne Named on Forbes Midas List of High Growth Profitable Companies

San Jose, CA — February 9, 2004 — PaymentOne® Corporation, the Internet's leading next generation Payment Service Provider (PSP) , today announced the company has been named to the Forbes Midas List of Fast and Furious Companies based on annual revenue growth and profitability. PaymentOne was one of only three Silicon Valley companies, including Google, based out of Mountain View, which qualified for the Forbes Midas List.

The full list of Forbes Midas companies can be viewed at Forbes Midas List.

Unlike traditional "payment processors," PaymentOne credits its success to its strategic approach to payments and innovative alternative payment options that have resulted in significant revenue uplift for its online merchant clients. "We have achieved our own growth by focusing on our client's growth. This acknowledgement from Forbes is a further testament to our company's people, client dedication and vision," comments PaymentOne's President and CEO, Joe Lynam.

For the Midas Lists, Forbes searched through nearly 2,500 publicly traded U.S. technology stocks as well as private companies. Forbes looked for organizations with outstanding annualized sales growth as well as consistent year-over-year sales growth of 10% or more in the same period. Forbes also looked for profitable firms with revenues of at least $25 million and sales growth of 10% or better in the latest 12 months.

About PaymentOne

The full PaymentOne suite of services includes proprietary and best of breed fraud detection, Propensity to PaySM credit analytics, traditional payment processing, a unique set of "No Credit Card Required" alternative payment options, pre and post-paid micropayments, hosted customer management, outsourced billing operations, customer care and collection services. PaymentOne's platform has processed over 1 billion transactions, and has delivered its clients incremental annual gains of over 25% in revenue and consumer acquisition rates. PaymentOne is a privately held company based in Silicon Valley. To learn more about PaymentOne, visit www.PaymentOne.com or call 800-747-4028.

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© 2004 PaymentOne Corporation. All rights reserved. PaymentOne, WebBill ®, Propensity To Pay and PayConnect are trademarks of PaymentOne Corporation. The names of actual companies and products mentioned herein are the trademarks of their respective owners.