Bibit Joins Deutsche Bank In Supporting eCash Technologies' Monneta Suite of Payments

Seattle, January 03, 2001 – eCash Technologies has made additional inroads in Germany, announcing that leading European payment service provider Bibit Internet Payments is using eCash Technologies' software to enable bank-account-based payments over the Internet for its 900 merchant customers.

Initially, Bibit is working with Deutsche Bank to further speed merchant and consumer adoption in Germany. The bank, as well as its subsidiary, Deutsche Bank 24, already serves leading merchants who accept bank-account-based payments under the eCash™ brand. These payments are a secure, private and easy-to-use option developed by eCash Technologies. Like other products in eCash Technologies' Monneta suite of products, they assure good funds to merchants. Another benefit: These bank-account-based payments offer customers a solution with superior security and privacy features for paying online merchants. These attributes resonate well with European consumers, many of whom hesitate to use their credit cards on the Internet.

Calling eCash Technologies' products a "win-win" solution for merchants and European customers, John Caspers, Bibit's vice president of product development, said: "eCash Technologies is the best of what is and what is to come. We believe the company has the best solution for making electronic cash payments on the Internet, and we are glad to cooperate with Deutsche Bank and eCash Technologies to support this payment method for our merchants. It provides significant benefits for our merchants, and furthers our vision of facilitating commerce globally."

Deutsche Bank became the first bank in Germany to offer bank-account-based payments under the eCash brand. In addition to new features shown at CeBIT 2001, Deutsche Bank will spotlight the Internet payment service's person-to-person (P2P) functionality. Deutsche Bank 24 currently provides access to payments enabled by eCash Technologies' payment engine free of charge to all banked households in Germany.

"I am happy to announce a partnership with one of the driving forces in European ecommerce. Bibit takes away the barriers and lowers the threshold for participation by merchants in the electronic economy," David Watson, vice president of business development at eCash Technologies, said. "By adding eCash Technologies' bank-account-based solution to its product line, Bibit makes it simple, safe and secure to accept payments online."

More information and a list of supporting merchants can be found at http://www.bibit.com/ecash or at http://www.ecash.de.

About eCash Technologies, Inc.

eCash Technologies, Inc. (www.ecash.net) provides software solutions that extend physical-world payment methods into the virtual world. The Monneta product suite from eCash Technologies enables businesses to offer a variety of secure and easy-to-use electronic payment options. In addition to bank-account-based B2C products such as Debit and Prepaid, the Monneta product suite also includes P2P, Mobile and merchant-specific Gift Certificate and Loyalty programs. Founded in May 1999, eCash Technologies is headquartered in Seattle, Washington. The European office is based in Amsterdam.

Amsterdam/European office contact: Harry Kikstra, hkikstra@ecash.net +31 20 586 4399.

About Bibit Internet Payments

Bibit Internet Payments (www.bibit.com) is Europe's leading Payment Service Provider for e-business, supporting more than 45 international and local payment methods, including credit, debit and smart cards, WAP payments and bank transfers. Bibit supports online businesses through offices in the Netherlands, Germany, France, the United Kingdom and the United States. The company's digital payment technology seamlessly integrates into e-commerce solutions, enabling e-businesses to extend their reach into the European e-commerce market. Bibit's extensive customer list includes Daimler Chrysler, the Financial Times, Canon, Free Record Shop, Ahold, and Interflora. Bibit Internet Payments is a European company of Dutch origin founded in 1997. Bibit is a privately held company, whose investors include the Dutch Ministry of Economic Affairs, Paribas and Continuum Group.

Contact: Bibit Internet Payments, US Office: Laura DeVere, (408) 399 9938, laura.devere@bibit.com European headquarters: Hans Gerritsen, +31 30 65 65 665, hans.gerritsen@bibit.com

About Deutsche Bank and Deutsche Bank 24

With over 995 billion Euro in assets (as of September 30, 2000) and 95,000 employees, Deutsche Bank (www.deutsche-bank.de) offers its more than 9 million clients unparalleled financial services throughout the world in over 60 countries. The Internet is impacting the financial services sector more strongly than any other industry and will thoroughly change the financial markets in the next few years. Deutsche Bank is determined to master this revolutionary challenge, fully exploiting the opportunities offered by the Internet, cooperating with innovative partners, so as to make effective use of the possibilities offered by the new technologies.

Deutsche Bank 24 AG (www.deutsche-bank-24.de), a fully owned subsidiary of Deutsche Bank located in Frankfurt am Main, is a new type of bank. It combines the strengths of Deutsche Bank - such as the best advisory services and the best products - with the openness and 24-hour accessibility of a direct bank. As the first integrated branch and direct bank in Germany, the new bank started business operations in September, 1999. About 7.4 million retail and small commercial customers use the services of the bank, which can be reached through eight channels. With more than 1 million online customers, Deutsche Bank 24 is the largest online bank in Germany and No. 2 in Europe. Besides using 1,250 branches, 250 finance centers and 600 mobile financial consultants, clients can transact their business by telephone and through the Internet around the clock. In addition, the bank's branches provide 1,800 customer terminals, and customers can access 6,000 automated teller machines of the DB Cash Group.

Contact: Deutsche Bank 24: Klaus Winker, +49 69 910 32249, klaus.winker@db.com

eCash and the eCash logo are trademarks of eCash Technologies, Inc.

Media Contact:
eCash Technologies, Inc.
(425) 415-1050
media@ecash.net