SOLUTRAN’S DIGIBATESTM OFFERS THE INDUSTRY’S FIRST ONLINE SOLUTION FOR BUSINESS-TO-CONSUMER PAYMENTS

Contact:
Kristin DeCoster
763.519.7852
888.SOLUTRAN
kdecoster@solutran.com

News Release
For Immediate Release

Minneapolis, Minn. – (June 19, 2001) – Solutran, a leading provider of payment processing services, introduces DigibatesTM, the first fully electronic payment solution for issuing payments to consumers. The patented* Digibates system is a revolutionary online payment service that combines the convenience of the Internet with the efficiency of the ACH banking network to process business-to-consumer electronic payments including:
 Rebates
 Refunds
 Payment for services
 Commission payments
 Cash incentive programs
 Promotional checks

The Digibates process not only provides an efficient and lower cost alternative to paper check disbursement, it also increases web site traffic, simplifies the fulfillment process, and decreases the cycle time for receiving customer information and payment data.

“Constructed with high level security and fraud control measures, Digibates provides a complete on-line fulfillment system, including the payment component,” said Solutran Vice President of Marketing and Business Development, Jahn Stopperan. “Digibates automates one-time business-to-consumer payments to the degree that firms can completely eliminate the paper check issuance process and save over 50 percent on each payment issued.”

How Digibates Works
Merchants simply notify consumers to go to the payments web site to receive their cash. Consumers can choose to receive payment via electronic credit to a checking account, credit to an existing account, credit to a credit card, paper check sent through traditional mail, or other alternative methods. Digibates also provides a telephone redemption option for consumers without Internet access. Consumers are not required to have a membership or establish an account to receive payment.

About Solutran
Solutran is a provider of turnkey treasury management services for clients nationwide that process a high volume of low-value transactions. Clients include large companies in the consumer products, publishing, direct marketing, and retail industries. Solutran’s customized solutions include return item services, online capabilities, electronic commerce, electronic conversion, disbursement and depository services, and alternative checking applications. Headquartered in Minneapolis, Solutran has 65 employees at their corporate office. For more information, visit Solutran’s web site at www.solutran.com or call 888.SOLUTRAN (765.8872).

*Patent pending

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