Harbor Payments Corporation Acquires the EIPP Assets of Emergis Technologies, Inc.

Atlanta, GA, July 1, 2005– Harbor Payments Corporation (www.harborpayments.com), a leading provider of next generation enterprise payment management solutions, today announced that it has acquired the EIPP business of Emergis Technologies, Inc. The move, designed to deliver incremental value to the acquired clients, further establishes Harbor Payments as the largest provider of On-Demand EIPP solutions

Harbor Payments now boasts close to 45 On-Demand EIPP clients with heavy representation in the Financial Services, Transportation and Consumer Products industry sectors. Harbor Payments’ EIPP solutions include both Accounts Receivable EIPP and Accounts Payable EIPP assets, each of which are delivered through an integrated consolidator model. All existing AR EIPP clients have their invoices delivered electronically to Harbor’s full spectrum of AP EIPP clients without either client having to re-register.

“Through the acquisition of the Emergis Technologies’ EIPP business, Harbor Payments gains strategic assets to further develop its Insurance, Banking and Food and Beverage trading networks,” said Ashish Bahl, CEO of Harbor Payments. “Harbor Payments now has a minimum of 2 of the 5 top suppliers to each of these three industries, thereby accelerating adoption of both AR and AP EIPP clients. In fact, Harbor Payments now has three of the largest vendors to the Retail Banking Industry utilizing its AR EIPP solution, thereby creating an immediate ROI for any Bank wishing to adopt its AP EIPP solution.”

About Harbor Payments

Harbor Payments is a leading corporate payments’ management company focused on electronic outsourced billing, invoicing and disbursement solutions for the Global 1000. The Company, which was formed in 2000, is headquartered in Atlanta and employs approximately 150 people.

Harbor Payments has over 200 clients including UPS, Kodak, Proctor & Gamble, American Express, and AIG for whom it provides electronic invoicing services. Additionally, the Company provides electronic billing services to many large corporations including Time-Warner Cable, Energy East and Chevron.

The company has strategic backing from established industry leaders including First Data Corporation, Marsh & McLennan Companies, Inc., and Fortis, Inc. For more information, please visit the company’s web site at www.harborpayments.com