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Preferred Online Lending Provider

"The Internet presents tremendous opportunities for community banks to capture loans, improve customer service and streamline internal lending processes. We have identified FIData as the premier Internet lending partner to serve our community bank clients and help them take advantage of these opportunities," said Ramona Jones, President of IBAT Services Inc.

AUSTIN, TX?. Ramona Jones, President of IBAT Services Inc., and Blake Allen, CEO of FIData, Inc. have announced the selection of FIData as an IBAT Endorsed Service Provider for Internet lending services. IBAT Services Inc. is a subsidiary of the Independent Bankers Association of Texas, a banking trade association serving more than 700 community banks in Texas and Oklahoma with combined assets of over $90 billion.

FIData was selected following a rigorous review process in which the services and benefits offered by the company were measured against the present and future business needs of community banks. FIData was chosen based on its proven history of service to lenders across the United States, its reliable technology and its ability to customize its services to the individual needs of community banks of all sizes. "Like most businesses today, the Internet has created great competitive challenges and opportunities for community banks. The services provided by FIData make it possible for lending institutions of all sizes to use the Internet to compete online, serve customers better, streamline internal lending processes and to reduce operating costs," said James Marek, Vice President of City National Bank of Taylor, Texas, and a member of IBAT's Technology Committee. "Equally important, FIData delivers these advantages to banks without requiring a large financial commitment or any purchase of hardware or software."

FIData pioneered instant online loan approval in 1998. As an Application Service Provider (ASP), the company works with its clients to automate their internal lending criteria using its proprietary loan engine, and then use the Internet to securely deliver this automation to the appropriate users. These users can include online borrowers, back office lending personnel or other users who need access to an institution's online lending application, such as auto dealers or retailers. All elements of the lending process can be customized to fit the lender's needs, including credit applications, credit bureau data, disclosures, loan approval criteria and loan closing procedures. The Web pages constructed by FIData display the client institution's logo, identity and color scheme, so FIData is completely transparent to the online user. FIData's technology automatically obtains credit history information and renders a credit decision in less than one minute.

"We are very proud of earning the IBAT Services endorsement. Over the next two months, we will be participating in announcement seminars in 12 cities throughout Texas and Oklahoma," said Blake Allen, CEO of FIData. "We are excited about introducing community banks to services that will help them compete online with the largest lenders in the country, and to do this in a way that is cost effective and easy to implement."

Parris H. Holmes, Jr., Chairman and Chief Executive Officer of Billing Concepts Corp., commented, "This is an extremely meaningful endorsement for FIData. IBAT is an influential organization and this relationship is a strong move in the right direction towards FIData's dominance in the online loan approval arena."

About FIData
FIData, Inc. is the premier provider of instant online loan approval services for the financial services. Processing $265 million in loans in 1999, this online loan engine allows participating lenders to offer their borrowers loan approval within 60 seconds, on a 24x365 basis. Their services also streamline back-office lending functions and provide online lending capabilities to third-party lending partners such as auto dealers, call centers or retailers. Presently serving more than 100 client institutions nationwide, loan application volumes have increased 49% in 2000 and are continuing to grow. As an Application Service Provider (ASP), FIData provides the power of its loan underwriting technology via the Internet in a secure environment, requiring no hardware or software purchases from their clients. FIData is an Austin, Texas-based company and a wholly owned subsidiary of Billing Concepts Corp. (NASDAQ: BILL), and is led by executives with extensive experience with Internet technology and the financial services industry. Located on the World Wide Web at, FIData has served financial institutions since 1988.

About IBAT
The Independent Bankers Association of Texas (IBAT) is the primary voice for the state's community banks, representing more than 700 institutions. Community banks are independently owned and operated and maintain their corporate headquarters within Texas.

About Billing Concepts
Billing Concepts Corp.'s (NASDAQ: BILL) holdings include its wholly owned operation, FIData, Inc., and its investments in Princeton eCom and COREintellect, Inc. FIData ( provides Internet-based instant loan approval products and services to the financial services industry. Billing Concepts ( is the lead investor in both Princeton eCom Corporation (, a leading application service provider for electronic bill presentment and payment solutions, and COREintellect, Inc., ( a B2B content delivery application service provider. Billing Concepts Corp. is headquartered in San Antonio, Texas.

Certain statements contained herein are "forward-looking" statements (as such term is defined in the Private Securities Litigation Reform Act of 1995). Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause results to differ materially from those expressed or implied by such forward-looking statements include, but are not limited to, those discussed in filings made by the Companies with the Securities and Exchange Commission.

First published on 01/01/2001

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