Edify Corporation Announces Fully Integrated Software Application For Web
Banking

Edify Expands Product Line with New Electronic Banking Solution

SANTA CLARA, CA, MAY 20, 1996--Edify Corporation (NASDAQ:EDFY), the leading
provider of self-service software, today introduced the Edify Electronic
Banking System (EBS), a software application product which offers
financial institutions the means to deploy a suite of automated banking
services via the World Wide Web. In addition, EBS is the first product to
combine Web banking services with optional electronic banking capabilities
that support self-service via telephones, fax and personal financial
management software. EBS is the first application product developed as
part of Edify's strategy to deliver complete self-service solutions to key
vertical markets.

"With today's announcement, Edify is addressing the evolving market
requirements for electronic banking systems," said Tom Glassanos, vice
president of marketing for Edify Corporation. "EBS underscores our
commitment to provide financial institutions with the means to use the Web
as a strategic new distribution and service delivery channel."

"The Web presents financial institutions with a unique opportunity to stake
out new markets and expand customer relationships," said Richard Crone, an
electronic banking consultant. "Edify's Electronic Banking System allows
financial institutions to capture market share by being first to market
with innovative new service offerings."

EDIFY'S ELECTRONIC BANKING SYSTEM

Edify's EBS addresses several emerging electronic banking trends: customer
demand for anytime, anywhere service, product time-to-market imperatives
and increasingly complex back-office integration challenges. EBS
represents a new breed of self-service software, enabling financial
institutions to enhance the level of service they provide to customers and
prospects. The Edify Electronic Banking System is comprised of three
components:

 Fully integrated application suite for Web banking;

 Multiple electronic delivery options including telephone, fax and
 personal financial managers; and

 Visual customization tools for rapid customization and integration
 with a wide range of back-office systems.

WEB BANKING APPLICATION SUITE

EBS allows financial institutions to deploy innovative interactive Web
banking services for their retail customers. EBS combines support for full
bank branding with an open systems approach, ensuring that banks maintain
a direct relationship with their customers while also controlling the
payment process. This is accomplished through a user interface framework
that includes a toolset to allow banks to incorporate their unique brands,
logos and product names into the application. The framework leverages the
latest Web browser technology to offer users a compelling and intuitive
frames-based Web user interface. A non-frames based user interface can
also be presented to the customer. The first release of EBS can include up
to six integrated application modules: Home Banking, Bill Payment, Dynamic
Target Marketing, Personal Profile, Message Center and Customer Service
Teleconferencing.

 Home Banking includes: secure log-on, account balance inquiry,
 funds transfer, account statement review and transaction reports;

 Bill Payment includes: payee administration, payment scheduling,
 payment verification and pending payment reports;

 Dynamic Target Marketing includes: cross-selling windows support,
 customer-specific target messaging, dynamic message rotation
 and customer response reporting;

 Personal Profile includes: password update, account profile review,
 account profile update and user interface selection
 (frames/non-frames);

 Message Center includes: bank message creation and review for
 correspondence between customers and bank personnel; and

 Customer Service Teleconferencing includes: Web activated customer
 service requests, providing for automatic teleconferencing between
 the customer and the bank CSR.

MULTIPLE ELECTRONIC DELIVERY OPTIONS

True anytime, anywhere service means providing customers with a broad range
of information access options, empowering customers to choose how and when
they interact with their financial services provider. As the number of
access options increase, banks need to respond quickly with new services
that meet customer expectations and ensure customer retention.

Banks have traditionally implemented these services one at a time,
requiring distinct connections to their back-office systems. EBS presents
banks with a new service delivery strategy, offering multiple access
options from one system operating through a single connection to
back-office information. In addition to the Web, EBS supports customer
access through telephones, fax, e-mail, pagers and PC-based client
applications including kiosks and personal financial managers such as
Microsoft Money. With EBS, anytime, anywhere service can be deployed
quickly and cost effectively.

VISUAL CUSTOMIZATION TOOLS

EBS has been designed using the visual customization tools of Edify's
Electronic Workforce software, enabling banks to update and add additional
services as their application and market requirements evolve. EBS utilizes
these tools to facilitate integration with back-office legacy and
client-server systems, easy adaptation of application modules, and
development of services incorporating multiple media. Use of the
Electronic Workforce software also provides a scaleable and highly
reliable run-time environment, meeting bank requirements for high
capacity, mission critical implementations. The combination of these
capabilities offers financial institutions significant time-to-market
advantages.

EBS customers can also use the visual customization tools of the Electronic
Workforce to develop custom Web banking modules that integrate with the
EBS Web user interface framework. With this customization capability,
financial institutions can offer differentiated services ahead of their
competition while still gaining the economies of scale benefits
traditionally achieved with productized solutions.

CUSTOMER EXAMPLE

Dollar Bank, a $2.4 billion company headquartered in Pittsburgh,
Pennsylvania, plans to use EBS to expand upon the home banking and bill
payment services the bank presently offers its customers in Western
Pennsylvania and Northeast Ohio.

"This is a natural extension of our telephone banking service,
Pay-By-Phone, which Dollar pioneered 21 years ago," explained Joseph B.
Smith, senior vice president of Dollar Bank's marketing department. "An
increasing number of our customers want to use their personal computers as
well as their phones to do their banking," Smith said. "Edify's Electronic
Banking System permits us to respond easily and quickly to our customers'
demands and explore the potential of other electronic delivery options
such as the World Wide Web."

"Choosing Edify was an easy decision," said James Pratt, Dollar Bank's vice
president for data processing. "Not only were we impressed with the
expertise of Edify's people, but their object-oriented development tool
and the point-and-click technology they use makes it easy for our people
to quickly change applications and adjust to customers' future demands."

PRICING AND AVAILABILITY

Electronic Banking System pricing, including the application and
implementation services, begins at $195,000(U.S.). First customer shipment
of the product is scheduled for summer 1996.
 
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