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NCEH up 50% to .425. On news. Tuesday November 18, 8:32 am ET
Delivers Expanded `Pay Anyone' and Customer Care Capabilities to `America's Most Convenient Bank'


PRINCETON, N.J., Nov. 18 /PRNewswire/ -- Commerce Bank, one of the fastest growing banks in the United States, has selected Princeton eCom, a leading provider of on-line payment and billing services, to provide the "Pay Anyone" capability for its on-line banking service.
(Logo: http://www.newscom.com/cgi-bin/prnh/20001229/PHF002LOGO-b )
Commerce Bank's on-line banking service has a customer penetration rate of 36.7%, one of the highest in the country, and continues to experience significant growth, with several thousand customers signing up for on-line banking services every week. Princeton eCom's proprietary Real-Time Digital Scanline® technology ensures highly accurate on-line payment transactions and enables Commerce customers to validate their account numbers online when setting up electronic billers.

Since its launch in 1995, Commerce On-line Banking has won multiple awards, including Forbes "Best of the Web," "Best In Remote Banking" by Microbanker and "Standard of Excellence" from the Web Marketing Association.

"We're honored that Commerce Bank, a nationally recognized leader in banking technology and innovative customer service, has selected Princeton eCom," said R. Craig Kirsch, Princeton eCom's Chief Executive Officer. "We're committed to supporting the unparalleled service of `America's Most Convenient Bank' by supplying the power and convenience of full on-line payment and customer service capabilities to Commerce Bank's fast-growing electronic banking service."

The enhanced service brings together Corillian's Voyager 3.0 electronic banking platform with Princeton eCom's enhanced payment processing platform introduced to financial institutions in 2002.

"We continue to see strong demand for the payment services we provide to banks and financial institutions," said Princeton eCom President and Chief Operating Officer Ron Averett. "Commerce was one of the more than 100 financial institutions implemented by the company during the first quarter of 2003. Princeton eCom's sophisticated payment and customer care technologies combined with its ability to integrate seamlessly with all banking software and personal financial management platforms continues to fuel this demand."

About Commerce Bank

Commerce Bank, "America's Most Convenient Bank®," is a leading retailer of financial services with more than 260 convenient stores in New Jersey, New York, Pennsylvania and Delaware. In 2003, the bank plans to add 46 new locations and will create 1,800-plus career opportunities throughout its territory. Maintaining an aggressive expansion pace, Commerce Bank is working toward a total asset goal of $50 billion and a store network of 500-plus offices by 2007. Commerce Bank currently has $21 billion in assets and, in third quarter 2003, achieved a deposit increase of 41% and earnings per share growth of 26%. In March 2003, The Wall Street Journal reported that Commerce Bank achieved the highest annual compounded shareholder return among all banks and ranked 25th among 1,000 public companies with the highest 10-year compounded shareholder return. For more information about Commerce, please visit the company's interactive financial resource center at commerceonline.com.

About Princeton eCom

Princeton eCom provides Integrated Payment Solutions to U.S. businesses, including over 1400 financial institutions and Fortune 1000 companies. Princeton eCom's innovative products include electronic bill presentment and payment, electronic collection tools, one-time electronic payment services, electronic lockbox and concentration, account validation and balance transfer services.

Princeton eCom is a privately held company. Major investors include New Century Equity Holdings Corp. (OTC Bulletin Board: NCEH - News), Mellon Ventures, the private equity partnership of Mellon Financial Corporation (NYSE: MEL - News), Lazard Technology Partners II LP (an affiliate of Lazard LLC) and Terra Lycos Ventures L.P., a venture capital fund affiliated with Terra Lycos, Inc. (Nasdaq: TRLY - News).




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Source: Princeton eCom

Jim