U.S. BANK DELIVERS BUSINESS ACCOUNT INFORMATION USING XPEDITE'S MULTIMEDIA MESSAGING CAPABILITIES
National Bank Saves Time and Money by Offering Customers Secure Statement Delivery Options

TINTON FALLS, N.J. (December 17, 2002) - Xpedite (www.xpedite.com), a business unit of Ptek Holdings, Inc. (NASDAQ: PTEK) and a company that helps businesses manage information distribution to and from their customers through outsourced multimedia messaging solutions, including, e-mail, voice, fax and wireless services, today announced that U.S. Bank is using its multimedia messaging services. U.S. Bank, a subsidiary of U.S. Bancorp, is providing customers with the option of receiving account information either via Xpedite's messageREACH® e-mail or faxREACH^SM high-volume fax service.

U.S. Bank utilizes Xpedite's messageREACH e-mail service to deliver customer information, such as business account statements and positive pay reports to their business customers requesting these services. Each e-mail is uniquely encrypted (using Triple-Data Encryption Standard) by Xpedite and automatically routed to the recipient, who is required to type in a personal password in order to decrypt and read the document. U.S. Bank can access the delivery status of e-mail jobs via the messageREACH Web site at any time. messageREACH's detailed tracking and reporting capabilities provide U.S. Bank with valuable delivery information, including verification that customers have received and opened their statements. Customers preferring a fax delivery method can receive the same account information that is offered via the e-mail service.

"Xpedite provides us with a variety of multimedia messaging options to help us meet the challenge of delivering timely and secure information to our business customer base," said Marc Davis, Treasury Management product manager at U.S. Bank. "Xpedite has been a valued partner, allowing U.S. Bank to introduce these innovative capabilities on a timely, cost-effective basis."

"In today's fast-paced, Internet banking environment, customers want information quickly and securely - and through their preferred choice of electronic address," said Rob Mainor, President of Xpedite. "We are proud to provide leaders in the banking industry - such as U.S. Bank - with the tools to help them better manage their customer relationships."

About U.S. Bank
U.S. Bancorp (NYSE: USB), with assets in excess of $174 billion, is the 8th largest financial services holding company in the United States. The company operates 2,133 banking offices and 4,680 ATMs, and provides a comprehensive line of banking, brokerage, insurance, investment, mortgage, trust and payment services products to consumers, businesses and institutions. U.S. Bancorp is home of the Five Star Service Guarantee which assures customers of certain key banking benefits and services or customers will be paid for their inconvenience. U.S. Bancorp is the parent company of U.S. Bank. Visit U.S. Bancorp on the web at www.usbank.com.

For a detailed discussion of these and other cautionary statements and factors that could cause actual results to differ from the Company's forward-looking statements, please refer to the Company's filings with the Securities and Exchange Commission, especially in the "Factors Affecting Future Performance" included in the Management's Discussion and Analysis section of the Company's Form 10-K for the fiscal year ended December 31, 2001 and in subsequent filings filed with the Securities and Exchange Commission.