Corporate Announcement

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Beanstream Certifies with Vital Processing Services.

VICTORIA, BRITISH COLUMBIA, CANADA - March 15th, 2004

Beanstream Internet Commerce, Inc., a leading Canadian electronic payment and authentication solutions provider , announced today has recently been certified as a 3rd party processor with Tempe, Arizona based Vital Processing Services.

"Certifying with Vital is critical to extending our reach into the US marketplace," said Craig Thomson, CEO and President of Beanstream Internet Commerce Inc. "Being certified by Global Payments, Paymentech and now Vital means that we can process on behalf of almost all US acquirers. We have a number of vertical market solutions that have performed very well for us in Canada over the past few years, and these new processing relationships will help us introduce these services to US merchants and grow our business into the US market."

About Vital Processing Services LLC

A leader in technology-based commerce enabling services, Vital Processing Services® (Vital®) is the commerce connection between acquirers and merchants, processing one out of every four authorized payment transactions in North America. From authorizing and capturing electronic payments at the merchant point of sale, to clearing and settling transactions, Vital provides highly reliable, integrated end-to-end processing services to more than 300 acquirers and over one million merchants. Vital processes all payment types for merchants of all sizes from a wide array of industries and provides merchants and acquirers with the information and tools to efficiently manage their merchant payment businesses. Vital is a merchant processing joint venture of Visa U.S.A. and TSYS® ("NYSE: TSS"). Additional information regarding Vital can be found at www.vitalps.com.

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