Media Release: Paymentech Selects PGP Universal

PGP CORPORATION ANNOUNCES THAT PAYMENTECH HAS SELECTED PGP UNIVERSAL TO SECURE ELECTRONIC APPLICATIONS & COMMUNICATIONS

Award-winning product will ensure confidential payment and customer information is protected

Palo Alto, CA/Dallas, TX/17 March, 2004 – PGP Corporation, the global leader in digital information security, and Paymentech L.P., the premier payment solutions company in the United States, today announced that Paymentech will use PGP Corporation's PGP® Universal to secure reporting and loan application data sent via email from customers and third-party resellers as well as settlement information submitted by merchant partners and communications with the company's benefits provider.

"We deal with a large volume of messages on a daily basis, many of which contain confidential information such as credit card numbers," explained Chris Cross, Director of Security for Paymentech. He said the company chose PGP Universal because it offered two-way, policy-based enforcement and centralized management in addition to automatic encryption, decryption, and digital signatures. "A secure-messaging solution isn't just very important—it's required in an enterprise environment," Cross added. "We were looking for a true, enterprise-level solution that could provide the security we needed plus the transparency our users required. What we learned is there aren't a lot of products available that have the industry acceptance of PGP security solutions."

"Financial services companies have always been leaders in providing secure communications," said Phillip Dunkelberger, President and CEO for PGP Corporation. "We are pleased Paymentech chose PGP Universal to raise their level of email security with both customers and partners. We worked hand-in-hand with one of our nationwide Certified Solution Partners, ANI Direct LLC in Dallas, to demonstrate the benefits of PGP Universal, and ANI is well-positioned to assist Paymentech in all aspects of deployment."

About PGP Corporation
The recognized worldwide leader in secure messaging and information storage, PGP Corporation develops, markets, and supports products used by a broad installed base of enterprises, businesses, governments, individuals, and cryptography experts to secure proprietary and confidential information.

During the past ten years, PGP® technology has built a global reputation for open and trusted security products. The PGP Corporation family of products includes PGP Universal—an automatic, self-managing, network-based solution for enterprises—as well as desktop, mobile, and SDK solutions. Venture funding is provided by DCM-Doll Capital Management and Venrock Associates. Contact PGP Corporation at www.pgp.com or +1 650 319 9000.

About Paymentech L.P.
aymentech, L.P. processes more payment transactions than any other company in North America-and more than half of all Internet transactions-for retailers accepting U.S. and international payments via traditional point of sale, Internet, catalog and recurring payments. The privately held company, founded in 1985, is an end-to-end processor for merchants of all sizes and industries. Paymentech's 1,500 employees work in multiple locations, including the Dallas headquarters; New York; Salem, NH; Tampa, FL; and Tempe, AZ. In 2003, Paymentech and its Canadian affiliate, based in Toronto, processed 7 billion transactions and $162 billion in sales volume in 14 currencies. For more information, please visit www.paymentech.com.

Media & analyst contact for PGP Corporation:
John Tran
Neale-May & Partners
+1 650 328 5555 ext. 277
jtran at nealemay dot com

###

PGP is a registered trademark and the PGP logo is a trademark of PGP Corporation. Product and brand names used in this document may be trademarks or registered trademarks of their respective owners. Any such trademarks or registered trademarks are the sole property of their respective owners.