SOURCE: AccountNow, Inc.

March 06, 2007 13:18 ET

AccountNow, Inc. Honored as Finalist in the Category of Best Unbanked and Underserved Program by Prepaid Media

Award Recognizes Best Use of a Network Branded Prepaid Card

SAN RAMON, CA -- (MARKET WIRE) -- March 6, 2007 -- AccountNow, Inc. (www.accountnow.net), a leading provider of financial products and services solutions for the millions of Americans who do not have traditional banking services and who are otherwise shut off from day-to-day commerce, was honored as a finalist in the category of Best Unbanked and Underserved Program as part of the Prepaid Card Awards during a special dinner ceremony at the 2007 Prepaid Card Expo in Las Vegas. The annual awards program recognizes best-in-class noteworthy professionals, organizations, and programs throughout the prepaid card industry.

AccountNow was nominated for the award by Shailesh Mehta, former chairman and CEO of Providian Financial Corporation, and current AccountNow board member.

"We are very pleased to have been honored as the Best Unbanked and Underserved Program as part of the first annual Prepaid Card Awards," said Tim Coltrell, CEO of AccountNow. "This is a validation of our strategy which, from its inception, focused on the millions of good people in the unbanked and underserved market."

By serving as a 'bank account you carry in your pocket,' AccountNow's Visa® -- and MasterCard® -- branded prepaid cards provide millions of consumers who do not have traditional banking or checking accounts additional choices for making purchases and paying bills with the convenience and safety of FDIC deposit insurance, electronic payments, financial education and an innovative tool to help building a new credit history.

Privately held AccountNow is funded by INVESCO Private Capital, Oak Hill Venture Partners, VSP Capital and Grayhawk Venture Partners. AccountNow's Visa and MasterCard-branded prepaid cards are issued by MetaBank (NASDAQ: CASH) and Palm Desert National Bank (PDNB).

About Prepaid Media

Prepaid Media provides a host of business-to-business media and information services to the rapidly growing network branded prepaid and stored value card industry.

Prepaid Media's properties include the Paybefore online portal, Paybefore Update electronic newsletter, and Prepaid Card Report (PCR) print publication, the leading information sources for the prepaid and stored value card markets. Prepaid Media also owns and produces the Prepaid Buyers Guide, Prepaid Card Data, and Prepaid Card Awards, all of which are incorporated across its various media properties.

As the prepaid and stored value card industry continues to evolve, Prepaid Media serves as a trusted partner, providing compelling learning, buying and selling, and networking opportunities to key market participants. For more information on Prepaid Media, please visit: www.prepaidmedia.com.

About AccountNow, Inc.

AccountNow, headquartered in San Ramon, California, is a leading provider of financial solutions for the 40 million US consumers who do not have established credit or traditional banking relationships. AccountNow's money saving offers give consumers an alternative to traditional checking accounts by providing access to financial products and payment systems, including prepaid Visa and MasterCard cards, Pay Anyone Bill Payment, and FDIC-insured deposits. Visit AccountNow online at www.accountnow.net.

About MetaBank

MetaBank is a federally chartered savings bank headquartered in Storm Lake, Iowa. Meta Financial Group, Inc.® is the bank holding company for MetaBank, MetaBank West Central, Meta Payment Systems®, and Meta Trust Company®. The Meta Payment Systems division of MetaBank based in Sioux Falls, South Dakota, serves banks, processors, and third party marketers by providing prepaid cards, credit cards, ACH origination, merchant acquiring, ATM sponsorship, and money transfer. Meta Financial Group is traded on the NASDAQ - Global Market: CASH. For more information call 605.275.8052 or visit http://www.metacash.com.

About Palm Desert National Bank

Palm Desert National Bank is a wholly owned subsidiary of Palm Desert Investments. An active corporate citizen in its community, PDNB has been serving the Coachella Valley for over 25 years, with branch offices in La Quinta, Palm Desert, Palm Springs and Rancho Mirage. PDNB is a nationally chartered financial institution with assets exceeding $400 million, and is home to EBS "Electronic Banking Solutions," an acknowledged industry leader that provides stored value prepaid card programs throughout the nation, ATM vault cash and cash management services to 19,000 ATMs and self service kiosks, as well as merchant acquiring point of sale sponsorship. For more information, log on to www.pdnb.com.

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