[April 13, 1999]

Edify Ships EBS Release 3 Consumer Banking Suite, A Complete Bill Presentment And Payment Solution

Edify Corporation has announced first customer shipments of its Electronic Banking System Release 3 Consumer Banking Suite. The Consumer Banking Suite consists of the Electronic Banking platform, and 17 optional new modules - the three newest of which are CheckBook, Electronic Bill Presentment, and the Electronic Bill Payment warehouse, all designed for consumer direct banking services. Edify's approach helps financial institutions enhance customer relationships by aggregating billing and payment information on behalf of their customer base.

Busey Bank, Urbana, Illinois, was an early implementor of Edify's Electronic Banking System, originally going into production in 1997. It is now one of Edify's first Consumer Banking Suite customers and has successfully introduced the CheckBook, an online transaction registry which gives the customer up to the minute control and management of their finances without requiring the use of a personal financial management software package. The Bank also anticipates rolling out electronic bill payment and presentment (EBPP), which will allow it to manage summary billing information from CheckFree's E-Bill (SM) service.

Since its introduction in 1996, Edify's Electronic Banking System has become the leading on-premise Web banking solution, with more than one hundred financial institutions as customers worldwide. EBS licensees include fifteen of the top 100 U.S. banks including Chase Manhattan Bank, Fifth Third Bank and Harris Bank, as well as international financial institutions including ANZ, which announced availability of its Internet Banking service at http://www.anz.com.

"The availability of EBS 3.0 signifies our continued leadership in delivering best-in-class financial services solutions to our customers worldwide," said William A. Soward, vice president, business development at Edify Corporation. "As innovative, customer-driven financial institutions such as Busey take advantage of its power, flexibility and feature-integration, they raise the bar in the race for dominance in Internet banking and greater share of their customers' wallet."

Edify's Electronic Banking System (EBS) is a comprehensive direct banking solution providing financial institutions the means to deploy personalized, content-rich electronic banking services via multiple access channels including the Internet, telephones and personal financial management software. EBS Release 3 incorporates end-to-end support for online bill presentment and payment, providing financial institutions with a pre-built application solution that gives them greater control over their customers' total banking activities. The EBS Release 3 modules were created as an integrated electronic delivery system that provides sophisticated billing and payment management services that work in conjunction with leading third-party processors like CheckFree and TransPoint.

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