American Red Cross Selects Harbor Payments to Automate Its Invoicing to Hospitals and Healthcare Consortiums

Atlanta, GA, October 18, 2005 – Harbor Payments, Inc., the leading provider of next generation electronic invoicing, billing and payment solutions, today announced that American Red Cross has selected Harbor Payments to automate its invoicing operations.

Some four million people give blood—the gift of life—through the Red Cross, making it the largest supplier of blood and blood products to over 3,000 hospitals and healthcare consortiums in the United States.”

“As a non-profit organization, it is important for us to pay close attention to the costs of our operations, and we hope that by using Harbor Payments solution, we will cut the costs of delivering our outbound invoices to our client hospitals,” said Alan Capps, Director of Revenue Finance at American Red Cross.

“We are honored to serve this important organization and contribute to the operations that serve people world-wide,” said Ashish Bahl, CEO of Harbor Payments. “Our invoicing platform will allow American Red Cross to efficiently interact with its hospital client base in a shared services environment, facilitating operational improvements on both sides.”

About American Red Cross

Since its founding in 1881, the American Red Cross has been the nation's premier emergency response organization, always with the aim of preventing and relieving suffering. In addition to domestic disaster relief, the American Red Cross offers compassionate services in five other areas: community services that help the needy; support and comfort for military members and their families; the collection, processing and distribution of lifesaving blood and blood products; educational programs that promote health and safety; and international relief and development programs.

The American National Red Cross is a non-profit organization and headquartered in Washington, D.C. For more information, please visit the organization’s web site at www.redcross.org

About Harbor Payments

Harbor Payments is a leading corporate payments’ management company focused on electronic outsourced invoicing, billing, and disbursement solutions for the Global 1000. The products and services enable organizations to more effectively send and receive invoices, make and collect payments, and manage all associated internal workflows. While transforming and streamlining the client organization’s operational and financial processes, Harbor Payments products and services complement the client’s existing information systems and accounting applications.

Solutions of the Company are marketed under the brands of Invoice Harbor, Billing Harbor and Payments Harbor. Harbor Payments, which was formed in 2000, is headquartered in Atlanta and employs approximately 200 people.

For more information, please visit the company’s web site at www.harborpayments.com