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First Ecom.com Announces Three Banks Start Pilot Program

Hong Kong: 5 July, 2000 - First Ecom.com (NASDAQ: FECC, BSX: FECC.BH), a global provider of electronic payment processing solutions, today announced that two Taiwanese banks and one Hong Kong bank have successfully completed their User Acceptance Testing (UAT), and have migrated to the full-production platform where they are conducting a live pilot run of the their systems with selected merchants.

"This is a milestone in e-commerce payment processing for these three banks," said Harold Hutton, president and CEO of First Ecom.com. "This is the start of First Ecom enabling banks in Asia. In the coming months, we plan to aggressively rollout our universal, secure, cost efficient electronic payment solutions to banks throughout Asia."

The banks' merchants that are participating in the launch of the pilot program include e-retailers selling books, jewelry, toys, health food and investment information. During the pilot program, the merchants will conduct real-time, online credit card transactions using First Ecom's payment processing solutions.

About First Ecom.com

As a global provider of electronic payment processing, First Ecom.com provides secure, easy-to-implement and low-cost online payment processing services to banks and their merchants worldwide. Through strategic partnerships with banks, ISPs, e-commerce product suppliers, system integrators and storefront solution providers, First Ecom.com will process credit card transactions made over the Internet in multiple currencies, either domestically or offshore in a tax-neutral jurisdiction.

For more information, visit http://www.firstecom.com or contact First Ecom.com at +(852) 2801-5181 or by e-mail at info@firstecom.com.