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eCharge Recruits Top Citicorp Executive as New CEO

Truett Tate brings more than 25 years of banking and financial experience to eCharge Corp.; Ron Erickson appointed chairman of the board

SEATTLE - Nov. 2, 1999 - eCharge Corp., the next generation online payments company, today
announced the appointment of Truett Tate as chief executive officer of the company. A career Citibank
executive, Tate brings more than 25 years of experience in International banking and financial services to
eCharge. Most recently, Tate was the customer group executive responsible for both the Global Corporate
and Investment’s Bank’s Marketing Division as well as for the group’s Emerging Market Region Heads
worldwide.


Ron Erickson, the former CEO of eCharge, has been appointed chairman of the company’s board of
directors. Erickson will actively work with Tate and the Board of Directors in developing key strategic
alliances around the world.



The founders of eCharge Corporation, George Fleming and Rob Hutchison, issued the following statement:
"We are thrilled with the addition of Truett to our executive team. He will be instrumental in driving our strategy
to be the leading global online payments company. His vast experience in managing large scale financial
business with major multinational and foreign based corporations, combined with his understanding of the
telecommunication and retail industries, makes him uniquely qualified to lead our strike into this market."



"eCharge has the vision and the talent to revolutionize e-commerce payment systems on a global scale, "
said Truett Tate, eCharge's newly appointed CEO. "George Fleming, Rob Hutchison and Ron Erickson have
assembled a talented staff and established a long list of first-tier strategic partners to make this vision real.
The combination of the vision, the talent and the partners, has them poised for tremendous success. I am
delighted with the prospect of working with such a dynamic and capable team."



Background on Truett Tate’s Career

As a career Citibank executive, Tate held a variety of senior management positions, almost all being
'regional' responsibilities for the Global Corporate Banking businesses. He has been based in North
America, Latin America, Asia and Europe. He joined Citibank in 1972 and after three years Tate was
selected by Citibank’s CEO to join a team tasked to develop a new strategic vision for the company. In 1978,
as vice president, Multi-Nationals Team, Tate participated in the opening of a new office in Cleveland, Ohio to
manage large account relationships with locally headquartered multinational companies including TRW,
Mead, Eaton and, Proctor and Gamble.



In 1982, after completing Harvard’s Professional Management Development program, Tate led the Corporate
Banking business in Sao Paulo, Brazil through both a strong economic period and the mid-80’s economic
collapse. Beginning in 1987, Tate transferred to Asia and eventually settled in Hong Kong where he set up
new Citibank World Corporation Group operations for Asia Pacific. As the WCG Asia division executive,
Tate led operations in 17 countries.



After five years in the Asian market, Tate became the division executive for Citibank’s European World
Corporation Group based in London - and subsequently Frankfurt, Germany - and managed its operations in
Europe, the Middle East and Africa - 48 countries in all. In 1997, Tate was transferred to Citibank’s World
Headquarters in New York, where he assumed his current role as customer group executive and Group
Relationship Banking marketing director as well as leading the group’s Emerging Market Region Heads. His
responsibilities included recruiting, training, advertising, public affairs, the financial analysis units and
technology initiatives as well as CIO functions for the front end of the marketing and sales processes.



Tate will work from the eCharge headquarters in Seattle, Washington. He joins Mark Tremont, executive vice
president operations and chief financial officer, in managing the day-to-day operations of the company.
Tremont, a 30-year banking and finance veteran, joined eCharge in August from Visa International where he
managed and directed the company’s worldwide financial operations.



Tate is active in several community activities including the New York Ronald McDonald House. He has served
on a variety of industry related boards including a number of overseas Chambers of Commerce, the Far
Eastern Economic Review Board (Asia) and is currently chairman of the Global Marketing Council for the
Conference Board. He is also a member of the board of directors for a number of companies including
Chase Cost Management Corporation.


About eCharge Corporation

Founded in 1997, eCharge Corp., the next generation online payments company, is improving global online
payment methods by offering Internet users feature-rich, convenient and secure ways of making online
purchases. eCharge Corp.'s payment solutions are used by Internet merchants, telephone companies and
Internet Service Providers worldwide. Headquartered in Seattle, Wash., eCharge has offices in Vancouver,
British Columbia, London, UK and Tokyo, Japan. For more information go to www.eCharge.com



eCharge and the eCharge logo are trademarks of eCharge Corporation. © 1999 eCharge Corporation. All rights reserved.



For more information, contact:

P. Kevin Horn

eCharge Corporation, USA

(206) 708-1614

khorn@echarge.com



Or Text 100 Public Relations for eCharge Corp.

Olivia Riley or Brian Sibley

(206) 381-3791

oliviar@text100.com or brians@text100.com