iPIN and Cap Gemini Ernst & Young to Jointly Deliver Global e-Payment Solutions

Providing Institutions Worldwide with Innovative e-Payment Technology

Paris, France and Belmont, Calif. - March 26, 2001- iPIN, the e-Payment technology leader, and Cap Gemini Ernst & Young, one of the largest management and IT consulting firms in the world, today announced a global alliance to provide Internet payment solutions to multiple industries, including telecommunications and financial service providers worldwide. 

iPIN and Telecom Media Networks, an industry practice of Cap Gemini Ernst & Young, will engage in joint sales, marketing, systems integration and consultation to further deploy  iPIN's payment technology and expand its penetration of  telcos, financial institutions, merchants and other partners.  The iPIN and Cap Gemini Ernst & Young alliance will enable companies to deploy innovative payment solutions, such as wireless payments, eWallet solutions, and stored value applications    Having already identified specific large-scale projects to work on together, including a current initiative with France Telecom, this announcement further enhances the relationship between the two Groups.

"The iPIN- Cap Gemini Ernst & Young global alliance represents a payment technology market advantage.  iPIN is a front runner in the electronic payment market and Cap Gemini Ernst & Young has worldwide  expertise in system integration. " said Alexandre Haeffner, CEO Telecom Media Networks. He continued : "iPIN's Third Generation payment technology, global application, and experienced management team, complements our strong market presence as a strategy consultant and systems integrator.  We look forward to many joint successes working with iPIN. "

"This alliance is an important and significant move to fortify our expansion strategy and to provide the next generation of  payment solutions to companies in the m-commerce and e-commerce marketplaces," states Bradley Rode, CEO of iPIN.  "Working with Cap Gemini Ernst & Young consultants, iPIN delivers a comprehensive and localized solution to help companies meet the growing demands of their online customers. Cap Gemini Ernst & Young's success with one of our major customers, and therefore desire to expand the iPIN and Cap Gemini Ernst & Young relationship with additional opportunities, is a testimony to the strength and value of our solution. We look forward to a long and mutually beneficial relationship.

Cap Gemini Ernst & Young is one of the largest management and IT consulting firms in the world. The company offers management and IT consulting services, systems integration, and technology development, design and outsourcing capabilities on a global scale to help traditional businesses and "dot companies" continue to implement growth strategies and leverage technology in the new economy.  The organization employs more than 59,000 people worldwide and reports global revenues of 8.5 billion euros (2000 pro forma).  More information about individual service lines, offices and research is available at www.cgey.com

Telecom Media Networks

Telecom Media Networks, an industry practice of Cap Gemini Ernst & Young focuses on the consulting needs of communications service providers worldwide.

More information is available on www.cgey.com/TMN

iPIN (www.ipin.com) is the leading provider of global e-payment technologies to financial institutions, telecommunication providers, and merchants.   iPIN enables its partners to offer modular payment products to support B2C, B2B and person-to-person applications in both the wireless and Web environments.  iPIN enables users to easily and securely pay for Web and wireless purchases using existing financial relationships, such as bank accounts, credit cards, debit cards, ISP and wireless bills, pre-paid accounts, and cash.  Customers include British Telecom, France Telecom, Club Internet, and Internet Gold among others.

For further information, contact in the U.S. Rhonda Motil, +1 650-272-3770 (rmoti@ipin.com), in Europe, Marc Kawam, +33-1-58-56-72-03 (marc@ipin.com) or visit the website www.ipin.com