eCatOnly and Payment Resources International (PRI) Announce Their Agreement and Launch of Direct Bank Transfers for ePAID Accounts

NEWPORT BEACH, Calif., May 24, 2002 -- eCatOnly, a leading provider of global online payment services, today announced its contract and launch of service with PRI. The new service will enable US direct bank transfers into ePaid accounts.

With this new service, US consumers with bank accounts will be able to initiate transfers online into their ePaid accounts from practically any US Bank. The convenience and reach of this approach will greatly enhance the support for the consumers served by their Distribution Partners. For their non-US based Distribution partners, this capability will help them reach expatriates and US consumers that they are targeting as well.

"This new service will be key to the launch of new Distribution Partners and for the upcoming campaign by Todito to reach US Hispanics. They are happy to have found such an experienced partner as PRI. It was a major plus that they are in the same neighborhood and look forwarded to expanding this partnership over time" stated Dennis Andrews, CEO of eCatOnly.

About eCatOnly
eCatOnly, based in Newport Beach, Calif., is an Internet technology company focused on building the infrastructure necessary to enable non-credit based payment solutions for online transactions. The company's first product, the highly-scalable ePAID system, provides major distribution partners the opportunity to issue their own branded prepaid instruments for consumers to use for online purchases in an environment that provides unprecedented security, total anonymity and is not dependent on credit systems in any way.

About Payment Resources International
Based in Newport Beach, California; Payment Resources International® was established in 1998 by founders with 20 years of experience in the processing industry. Their existing client base is presently over one billion dollars in annualized volume. PRI's merchant programs are extensive and include credit card and debit card processing with online statements (PRIview), ACH services via terminal, PC software and online Internet access, a gift and reward card program, and an extensive offering of e-commerce solutions from easy startup to fully customized sites.