Internet Methods, Inc. Enters Global Payment Services Agreement with Travelex

Internet Methods, Inc. (iMethods) today announced it has signed an agreement with Travelex Currency Services Inc. (Travelex) to utilize its Global Payment Services platform within the iMethods Service Access Process engine as part of iMethods Global Banking Services Group. The platform provides iMethods clients with the ability to utilize the online payment vehicle to pay for the purchase of products and services in over 80 currencies.

SCOTTSDALE, Arizona -- March 10, 2003 -- Internet Methods, Inc. (iMethods) today announced it has signed an agreement with Travelex Currency Services Inc. (Travelex) to utilize its Global Payment Services platform within the iMethods Service Access Process engine as part of iMethods Global Banking Services Group. The platform provides iMethods clients with the ability to utilize the online payment vehicle to pay for the purchase of products and services in over 80 currencies.

The online platform offers an easy to use process that clients can access as part of the iMethods Marketing Exchange System. They can pay for those products purchased internationally or can access other bank services provided by iMethods Service Access Process engine. Individuals who register with iMethods to utilize the iMethods Marketing Exchange System will be provided a secured login to access this Global Payment Service gateway.

Chris Close, Executive Vice President & President of Global Banking Services for Internet Methods, Inc. stated, This will open yet another dimension to iMethods Global Banking Services. Businesses can now lower their overall administration costs of managing foreign currency payments by utilizing iMethods back office systems. As an example, an insurance company who sells international insurance could, at time of policy issuance, provide the client with a secured login address to pay for their premiums online. The current process requires the policyholder to either pay for the annual premium at time of purchase or they must go to a satellite office each month to pay the monthly premiums. Our solution saves the client both time and money and provides an automated back office for the insurance company."

iMethods is excited about this relationship with Travelex. This relationship provides the market with the first fully integrated consumer global payment system. This supports iMethods global business strategies and the companys ability to enter into international markets seamlessly. We can now provide our strategic partners with the financial support systems that will lower their cost of operations and better serve their customers. iMethods will continue to build its product portfolio making sure that those hard to get service items are provided at a worksite level." said Jim Pugh, President & CEO for Internet Methods, Inc.

This relationship with iMethods provides Travelex the opportunity to deliver alternative financial solutions to an underserved marketplace. Working with iMethods lets us participate in defining innovative solutions for businesses and their clients," said Bob Dowd, Vice President of Travelex Corporate Foreign Exchange. Our platform offers an accessible online payment vehicle that provides clients of iMethods with a seamless way to purchase products & services around the world."

About Internet Methods, Inc.
iMethods (www.imethodsusa.com) provides a comprehensive and unique suite of financial, insurance, and human resources-related products and services as well as cash delivery and management systems via its proprietary and patent-pending technology platform. The iMethods Service Access Processor engine and iMethods Marketing Exchange System, delivers a secured, closed-looped, internationally compliant financial processing engine to the Small- and Medium-sized Enterprise (SME) marketplace. Founded in 2000, iMethods is headquartered in Scottsdale, Arizona.

About Travelex
Founded from a single retail outlet in 1976, Travelex is now the worlds largest foreign exchange specialist, following the 2001 acquisition of Thomas Cook Global & Financial Services. The Group has more than 5,000 employess in 31 countries and serves more than 29 million customers every year. In addition to its Corporate Foreign Exchange division that tailors solutions for corporations and financial institutions, Travelex also operates the largest retail foreign exchange network with 664 retail branches located in key airports including London, New York, Hong Kong, Frankfurt and Sydney.

The Group is a leading provider of outsourced travel money to travel providers and financial institutions. and is the worlds largest issuer of Visa and MasterCard branded travelers cheques. Based in the UK, Travelex is a privately-held company.For more information, visit www.travelex.com.

CONTACT:
Internet Methods, Inc.   
James B. Pugh   
Chief Executive Officer   
Phone: 480-905-5551   
E-mail: jpugh@imethodsusa.com   

Travelex
Bob Dowd
Vice President, Financial Instituions Corporate Foreign Exchange
Phone: 410-729-0919
E-mail: bob.dowd@travelexamericas.com   

Safe Harbor -- This press release includes forward-looking statements that involve risks and uncertainties, including, but not limited to, product delivery, the management of growth, market acceptance of certain products and other risks. These forward-looking statements are made in reliance on the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. For further information about these factors that could affect Internet Methods, Inc. future results, please contact the Company directly. Prospective investors are cautioned that forward-looking statements are not guarantees of performance. Actual results may differ materially from management expectations.