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Press Release

AssureBuy Announces New Release
All Customers Upgraded to Version 4.3 Order Management and
Payment Processing System

SCHAUMBURG, IL December 16, 2002 - AssureBuy, Inc., a pioneer in outsourced electronic payment and order management solutions, today announced release of its Version 4.3 Payment Gateway and Order Processing System.

Enhancements include higher throughput, and improvements in settlement, billing and reporting. A new Internet Payment Gateway API document is available and new XML DTD documents have been released into the production environment.

Under Version 4.3, customers will receive a Seller Transaction Summary and an Account Summary Report. These reports will list all monthly transactions and will provide statistics according to payment type, action and result. Changes in daily batch reporting will assist customers in identifying and cross-referencing transactions. AssureBuy’s online Administration System will now display up to 50 orders per page making it more convenient for customers to locate and manage existing orders.

About AssureBuy, Inc.
AssureBuy is an application service provider (ASP) offering businesses the opportunity to oursource electronic payment processing and order management. Services include real-time payment processing for credit cards, debit cards and procurement cards, as well as ACH payments and PO/invoice transactions. Also available are multiple forms of risk management, fraud prevention, buyer authentication, messaging and tax and shipping calculations. The company was founded in 1994, processed its first online payment in early 1995 and currently serves customers ranging from the Fortune 500 to small retailers, educational institutions, municipalities and associations.