PaymentOne Named One of Silicon Valley's Fastest Growing Companies

SAN JOSE, CA – PaymentOne® Corporation, the leading provider of advanced payment, commerce and syndication services for digital merchants, premium service providers and broadband operators, today announced it’s rank as Number 11 on Deloitte & Touche’s prestigious “2004 Technology Fast 50″ for Silicon Valley, a ranking of the 50 fastest growing technology companies in the Bay Area.

This is the second consecutive year PaymentOne is recognized by the Deloitte & Touche Fast 50. Rankings are based on average percentage revenue growth over five years. PaymentOne was ranked based on its five-year percentage revenue growth of 9,338 percent.

PaymentOne’s President and CEO, Joe Lynam, credits the company’s strong growth to its demonstrated ability to increase its clients’ revenue using innovative payment strategies. “Being acknowledged by the Deloitte and Touche Fast 50 is a testament to the company’s vision, our team’s dedication and a unique domain expertise. We are excited to be a part of such a notable group of companies and proud to be designated by Deloitte as a market leader in Silicon Valley,” commented Mr. Lynam.

“In an era where technology companies come and go, making the Deloitte Fast 50 is a testament to a company’s vision that allows growth over five years,” says Roy Avondet, lead partner for Deloitte’s Technology, Media & Telecommunications program. “PaymentOne’s leadership had the right recipe for growth, and Deloitte salutes their accomplishments.”

PaymentOne is ranked number 33 out of 500 on the 2004 Deloitte Fast 500, which encompass the top 500 publicly and private held fastest growing companies in North America. (see 11/15/04 press release at http://www.paymentone.com/news/press/111504.asp)

Fast 50 Selection and Qualifications
To qualify for the Technology Fast 50, companies must have had operating revenues of at least $50,000 in 1998 and $1,000,000 in 2002, must be public or private companies headquartered in North America, and be a “technology company” defined as owning proprietary technology that contributes to a significant portion of the company’s operating revenues and/or devoting a significant proportion of revenues to research and development of technology.

About PaymentOne
PaymentOne® Corporation is the leading online Payment Service Provider (PSP) for digital merchants, premium service providers and broadband operators. The company offers advanced payment, commerce and syndication solutions that accelerate the adoption of value added services and premium content.

The Company’s comprehensive payment platform and co-billing/co-marketing network expands distribution and increases digital service provider revenues by over 25%. To help online merchants reach a wider audience, PaymentOne’s integrated suite of revenue optimization services includes a unique set of non-credit card payment alternatives, macro and micropayments, identity verification and fraud detection, traditional payment processing, global payments, a co-marketing distribution network and a full outsourced customer management and billing solution.

Based in Silicon Valley, PaymentOne has generated over $1.5 billion of new digital content and premium service revenue for its clients, and manages a network of over 1400 telecommunication/broadband providers. To learn more about PaymentOne, visit www.Paymentone.com or call 800-747-4028.

About Deloitte
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Deloitte & Touche USA LLP is the U.S. member firm of Deloitte Touche Tohmatsu. In the U.S., services are provided by the subsidiaries of Deloitte & Touche USA LLP (Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte Tax LLP, and their subsidiaries), and not by Deloitte & Touche USA LLP.