---

YapStone, Inc. Appoints VP of Risk Management

20 June 2000

Dennis G. Beckmann to Oversee YapStone's Risk Management Responsibilities

    MINNETONKA, Minn. YapStone, Inc., the easy-to-use online payment service for 
the property rental and used automotive markets, announced today the appointment 
of Dennis G. Beckmann as Vice President of Risk Management and Operations.  
Prior to joining YapStone, Beckmann was Director of Risk Management for 
Fingerhut Companies, Inc. He also worked for Bank of America Credit Card Group 
as Vice President of Credit Risk and American Express in credit and econometric
related positions.  Beckmann earned his Ph.D. in economics from the University
of Iowa.

    "Dr. Beckmann is an exceptional addition to the YapStone team," said Kirk
Honour, President and founder of YapStone.  "His wealth of experience, and
deep understanding of risk modeling and economics significantly enhances our
existing risk management foundation."

    Beckmann will be responsible for numerous aspects of merchant operations,
including refining and implementing risk management methodology for all
products and services offered and managing customer service operations.  He
will also be in charge of building, maintaining and analyzing an in-depth,
consumer financial database.

    "I am very excited to be joining YapStone," said Beckmann.  "I look
forward to using my expertise to further YapStone's position as the leader in
its marketspace.  Kirk has surrounded himself with the best executives in the
business and I look forward to contributing my talents to this dynamic and
growing company."

    About YapStone

    YapStone, Inc. is the premiere Internet-based company that enables 
individuals and businesses to accept credit card payments, through the Internet 
or by telephone, without incurring costly setup and maintenance fees normally 
associated with processing these types of transactions.  YapStone provides 
turnkey credit card payment solutions for residence, vacation and commercial 
property rental, and person-to-person used car sales.