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Corporate Announcement

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Beanstream Achieves MCCP Certification.

VICTORIA, BRITISH COLUMBIA, CANADA - June 29th, 2004

Beanstream Internet Commerce, Inc., a leading Canadian electronic payment and authentication solutions provider, is pleased to annouce that it has achieved certification through the multi-card compliance program (MCCP). The MCCP program combines the standards of Discover DISC, American Express DSOP, MasterCard SDP and Visa CISP to ensure that service providers adhere to industry best practices in the protection and safeguard of customer information and data. The MCCP program is ongoing and involves annual external audits to ensure program compliance in addition to monthly monitoring.

About Beanstream Internet Commerce Inc.

Beanstream Internet Commerce Inc. is a leading Canadian electronic payment and authentication solutions provider. Services include merchant account enablement, credit card processing, electronic funds transfer, automated clearinghouse payment processing and credit score and authentication services for both e-commerce and traditional brick and mortar businesses. Beanstream provides a wide selection of products from simple payment gateway services to full end-to-end e-commerce solutions.

Beanstream solutions work with all Canadian and US financial institutions and have been selected by more than 5000 businesses across North America. Beanstream is headquartered in Victoria, British Columbia.

Beanstream Contact:

Chris Koide
Chief Operating Officer
Tel: 250-472-2326
ckoide@beanstream.com
www.beanstream.com