AccountNow Appoints James G. Jones as Chief Executive Officer

SAN RAMON, Calif., Jan. 21 /PRNewswire/ -- AccountNow, Inc., a leading Internet prepaid card issuer, today announced that it has appointed James G. Jones as its new Chief Executive Officer. Tim Coltrell, former CEO will continue to remain on the Board of Directors playing a strategic role in directing the company's various initiatives.

Jones brings forth a rich management experience of 35 years from the banking, consumer lending, payment processing and related financial services industry. He has garnered in-depth knowledge and expertise having served at Citigroup, Crocker, Wells Fargo, Bank of America, Providian and GMAC-Residential Capital. In particular, Jones served as the President of direct banking at Bank of America. He was Vice Chairman at Providian and served as the CEO at GMAC-Residential Capital.

"I am very pleased to join the executive leadership at such a dynamic time," said James G. Jones. "I truly believe that we have an array of opportunities to strengthen and expand our leadership position in the industry particularly in the areas of payroll products, credit products and offerings for the Hispanic market. AccountNow is uniquely positioned to expand its footprint and I look forward to taking the company through its next phase of growth."

Tim Coltrell said, "I am delighted to have Jim lead AccountNow and welcome him to the company. His extensive management experience, proven leadership and a solid understanding of the business make him an ideal choice for leading the next important phase of the company and achieving its full potential."

Jones will continue to serve as Chairman of Advanced Payment Solutions, an independent prepaid card issuer operating in the United Kingdom and Europe. He also serves on the boards of DepotPoint, Merchant e-Solutions, Bora Payment Systems, and Community Lend. He holds a BA degree from Washburn University, an MA from the University of Nebraska and an MBA from the University of Kansas.

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 MasterCard® and Visa® prepaid cards, Pay Anyone Bill Payment, and FDIC-insured deposits. AccountNow's prepaid Visa and MasterCard cards are issued by MetaBank and Palm Desert National Bank. Visit AccountNow online at www.accountnow.com.

Media contact:

Dave Petrini

925-498-1848


SOURCE AccountNow, Inc.



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