A leader and innovator in electronic bill presentment and payment (EBPP), Intuit offers consumers the most comprehensive and easy-to-use services for viewing, managing and paying bills online. By teaming with insci-statements.com and its wholly owned subsidiary, InfiniteSpace.com, Intuit expects to expand the number of companies - especially in the banking, health care and financial services industries -- that present bills electronically to millions of potential consumers.

It is expected that bills that are offered through insci-statements.com will be available through Intuit's broad distribution channels, including Quicken and Quicken.com (www.quicken.com/bills); several America Online, Inc. brands through Intuit's alliance with AOL; as well as in the Quicken.com service on Excite (http://quicken.excite.com) and WebCrawler (http://quicken.webcrawler.com). insci-statements.com currently presents bills for local governments and financial institutions, as well as other types of firms, and the company expects this business to grow significantly over the next 12 to 18 months.

"The Internet has revolutionized personal finance, offering consumers incredible flexibility and convenience in managing their money -- including managing and paying their bills," said Ole Eichhorn, general manager of Intuit's Web payment business. "Our new alliance with insci-statements.com will help Intuit expand the number of companies whose bills we can present electronically, which will help us interest more consumers in making the switch to online bill management."

Intuit already has relationships with CheckFree and YourAccounts.com to present bills online to consumers, and currently has e-billing relationships with more than 40 companies.

"This agreement marks another important milestone in the progression of our Internet-based portal services and in the development of key alliances in the electronic bill presentment and payment market," said E. Ted Prince, Ph.D., chairman and CEO of insci-statements.com. "This is a win-win agreement. We can help Intuit expand the number of billers and bills it presents while also gaining access to millions of potential users through Quicken, Quicken.com and the other leading sites that use Intuit's online billing service."

About Intuit's Electronic Bill Payment and Presentment Service
Intuit has been a leader and innovator in online bill payment and presentment, offering a Web-based bill management service that gives customers a single point of access for viewing, tracking and paying their bills - all from the same Quicken.com site they use to manage other aspects of their financial lives. Intuit's current service allows consumers to pay anyone in the U.S. from any U.S. checking account. Soon the service also is expected to enable customers to view any bill online, regardless of whether the bill is issued electronically or as a "hard copy" paper bill.

Intuit first began supporting online bill presentment and payment through Quicken in 1997 and has since become a leader in online bill management. In Nov. 1999, Intuit launched My Accounts on Quicken.com, a new suite of services that allows consumers to view and manage their finances - anytime and anywhere - using a Web browser. In addition to enabling people to view, track and pay their bills online, My Accounts provides a personalized financial "dashboard" and also enables people to manage multiple investment portfolios and view credit card and bank account balances all from a single Web site. My Accounts is offered on Quicken.com, as well as on Excite (http://quicken.excite.com) and WebCrawler (http://quicken.webcrawler.com). It is expected to be available on other leading portals in coming months.

Intuit is offering bill presentment and payment services pursuant to a license agreement between Intuit Inc. and Venture Finance Software Corp. (VFSC) a privately held joint venture company in which Intuit is a participant. On July 10, Intuit announced its intention to exercise its option to acquire the remaining shares of VFSC. The transaction is expected to close during Intuit's fiscal 2001 first quarter.

Commitment to Open Standards
Intuit and insci-statements.com are both committed to open, interoperable standards for online bill payment and presentment and have agreed to use the OFX (Open Financial Exchange) standard to interface their systems.

About insci-statements.com
insci-statements.com is a leading provider of statement/bill portal services and digital document storage, workflow, and electronic commerce solutions. The company's portal services and software solutions are designed to help customers become more competitive, streamline business processes, improve customer service, and take advantage of new technological developments to drive revenues. For more information about insci-statements.com, visit its home page on the Internet at www.insci.com. For additional investor relations information, visit the Allen & Caron Inc. Web site at www.allencaron.com.