Microsoft Signs Bank One as First Financial Institution To Roll Out Money Explorer

REDMOND, Wash., April 17, 2002 — Microsoft Corp. today announced that Bank One Corp. is the first financial institution to employ Money Explorer, Microsofts browser-enabled product created specifically for the financial services industry. Combining Microsofts sophisticated personal finance tools with the flexibility of Microsoft® Internet Explorer browser software, Money Explorer will help Bank One deliver the next level of financial management functionality to its more than 8 million customers nationwide.

Under the terms of the agreement, Bank One will release Bank One MoneyManager SM , its own private-label version of Money Explorer designed to give consumers unprecedented control of their finances by bringing their financial accounts together in one location. The software allows Bank One customers, through current user IDs and passwords, to automatically retrieve and consolidate financial information from bank accounts, loans and investment accounts from more than 2,000 financial companies. The software also helps consumers maintain accounts, pay bills, and create budgets and financial forecasts.

“To attract and retain customers in todays highly competitive marketplace, financial institutions must provide customers with technology services that simplify day-to-day money management,”
said Erik Jorgensen, general manager of the Financial Products Group at Microsoft.
“With Money Explorer, Microsoft is helping Bank One offer the most sophisticated financial management tools available, thereby strengthening its customer relationships and distinguishing its overall offering.”

With customizable features and easy-to-implement technology, Money Explorer incorporates a financial institutions own services and branding to provide it with a competitive edge in todays marketplace. Money Explorer integrates with a companys existing Web site to offer consumers a host of powerful personal financial management resources, including several of Microsofts award-winning tools from both the MSN® Money Web site and Microsoft Money software, to help them better manage their money. Specific features of Money Explorer include an array of in-depth financial planning and reporting tools, a customizable home page, and instant account updates.

“Bank One customers have said they want better solutions for managing their finances, so we answered them by becoming the first bank to bring this joint product to market with Microsoft,”
said Michael Welborn, head of retail banking at Bank One.
“Based on Microsoft technology, Bank One MoneyManager automatically connects customers to account information to provide what they want, when they want it.”

Announced in December 2001, Money Explorer is one of two key solutions that Microsofts Financial Products Group offers financial institutions to help them better serve customers. The other, MSN Money Professional, is a Web-based service built for financial advisers. It combines secure document publishing, portfolio reporting and financial content from the award-winning MSN Money Web site to provide advisers with the essential online customer communications tools they need most.

Founded in 1975, Microsoft (Nasdaq
) is the worldwide leader in software, services and Internet technologies for personal and business computing. The company offers a wide range of products and services designed to empower people through great software — any time, any place and on any device.

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