Harbor Payments Receives PCI Compliance Renewal; Remains Industry’s Only PCI-Compliant EIPP Provider

Harbor Payments provides the most comprehensive, secure and scalable electronic invoicing, billing and payments solutions on a single platform

Atlanta, GA, August 10, 2006 – Harbor Payments, the leading provider of next-generation corporate payments management solutions, announced today it has received its annual PCI compliance renewal. The company, which is the industry’s only PCI-compliant electronic invoice payment and presentment (EIPP) provider, also has received Visa’s CISP compliance and SDP compliance from MasterCard. Harbor Payments provides the most comprehensive, secure, scalable and compliant electronic invoicing, billing and payments solutions on a single platform, enabling large enterprises to streamline their accounts payable and accounts receivable processes for immediate and sustainable long-term ROI.

“Harbor Payments is committed to providing the most robust, industry-leading solutions to assist our clients in more effectively and efficiently managing the inflow and outflow of cash,” explained Ashish Bahl, founder and CEO of Harbor Payments. “By automating these processes, organizations can better manage working capital, prevent fraud and systematically meet regulatory requirements.”

Harbor Payments’ Invoice Harbor™ is a feature rich, flexible web-based EIPP solution that streamlines the process of invoice receipt, handling, presentment and payment processing. Providing complete AP automation, Invoice Harbor also allows the AR function within an organization to electronically submit invoices, resolve disputes and electronically process incoming payments.

The industry’s only integrated platform to support both paper and electronic invoices through a single system, Invoice Harbor is fully compliant for PCI, SOX and other regulatory requirements. Harbor Payments also provides full business continuity compliance, complete adherence to NACHA standards and guidelines and it is the only EIPP provider to offer two SAS70 Type II audits per annum.

As organizations shift from detective to preventative compliance processes and work toward enhanced business efficiencies, Harbor Payments provides unparalleled support:

• With automated accounts payable, organizations can immediately recognize expenses incurred, allowing them to better comply with Sarbanes-Oxley.
• Users improve their ability to manage working capital with greater visibility into expenses and receivables at all times.
• By automating the AP process, enterprises can take advantage of trade discounts offered to those that pay before invoices are due.
• By automating the AR process, enterprises can expedite receivables and quickly resolve exceptions.
• Through modernization, clients can reduce operating expenses and improve the efficiency of these financial-based functions.
• Leveraging AP and AR automation to move toward a paperless organization, enterprises’ will continue to realize significant ROI over time.

In addition to Invoice Harbor, Harbor Payments’ Payment Harbor™ solution enables centralized, concurrent management of all corporate disbursement activities and payment systems through the entire payment lifecycle, from the point-of-purchase order and invoice receipt through payment origination and reconciliation. The company’s Billing Harbor™ solution provides a full-service electronic bill presentment and payment solution, enabling consumers to view and pay their bills online, schedule recurring or automatic payments, receive their billing data and facilitate one-click payment via securely delivered email. Billing Harbor also offers a “payment only” component to allow electronic payments without customer enrollment or billing detail data. The payment only method provides the fastest, most convenient payment option for customers who do not wish to enroll in a bill presentment service.

About Harbor Payments
Harbor Payments is the leading provider of corporate payments management, providing comprehensive electronic outsourced invoicing, billing and disbursement solutions for the Global 1000. The company’s products, services and insight enable organizations to manage cashflow more effectively by efficiently sending and receiving invoices, making and collecting payments, and managing all associated internal workflows. While transforming and streamlining the client organization’s operational and financial processes, Harbor Payments products and services adapt to and complement each client’s existing information systems and accounting applications. Harbor Payments solutions are marketed under the brands of Invoice Harbor, Billing Harbor and Payment Harbor.
For more information, please visit the company’s web site at www.harborpayments.com