News release

HP Closes the Payment Gap in B2B e-Commerce

HP B2B e-Payment Solution Completes Payment Process Online at Time of Transaction, Cuts Costs by up to 80 Percent

NEW ORLEANS, BAI Retail Delivery Show, Nov. 28, 2000

Hewlett-Packard Company (NYSE: HWP) today announced the launch of its B2B e-payment solution, which enables financial institutions to provide their customers with a seamless, electronic payment each time a B2B e-commerce transaction takes place. By allowing payments to be processed, completed and recorded online at the time of the transaction, this breakthrough technology eliminates the paper-based payment inefficiencies of B2B exchanges -- dramatically improving the speed and accuracy of transactions and reducing costs by as much as 80 percent.

The HP e-payment solution can be integrated within e-marketplaces, online exchanges, procurement hubs and sell/buy Web sites to guarantee immediate status updates for corporations transacting in the e-space, with virtually no size limitations. Foreign currency payments can be integrated with user accounting systems to ensure accounts receivable and accounts payable reflect up-to-date values as business is conducted online. The solution also increases efficiencies by decentralizing the initiation of payments across all parties and locations and by allowing for centralized control over workflow rules and transactions.

The HP B2B e-payment solution consists of two components that are pre-integrated with the complete HP Enterprise Commerce solution suite and together provide end-to-end payment automation. The HP B2B e-payment handler offers embedded payment options that establish business rules to facilitate direct debit payment options. These options allow companies to set up buyer accounts, purchasing limits, corporate discounting and other payment-related authentication and alert mechanisms. The HP financial link securely connects customers' e-commerce sites enabled with the HP B2B e-payment handler to their online financial institutions. Combined, these components are robust enough to handle the most complex cross-border transactions quickly and securely.

"In the new digital world, companies still look for values they have come to expect from financial services, such as low-cost, real-time transactions performed by trusted partners. With our B2B e-payment solution, HP connects the financial world to the new economy, bringing those values to the Web environment," said Olivier Trancart, vice president and general manager, HP e-Financial Services Business Unit. "The HP solution closes the payment gap in the B2B Internet value chain for the first time, while driving companies' business growth and profitability by offering customers the best available end-to-end online purchasing experience."

HP has integrated its B2B e-payment solution with BroadVision's Business Commerce application to create one of the first, comprehensive B2B e-commerce systems that features seamless payment processing. BroadVision Business Commerce also dramatically reduces the cost of order processing, contract administration and customer service and captures and analyzes information that allows companies to provide a unique purchasing experience for each customer, partner and employee.

"HP's B2B e-Payment Solution is a great complement to our Business Commerce product," said Gino Padua, vice president and general manager of channels for BroadVision. "Given HP's superior technology services and solutions, combined with its global e-commerce initiatives, it's no surprise that HP is one of the first to provide a solution that completes the B2B e-commerce cycle, from purchase through settlement."

About HP

Hewlett-Packard Company -- a leading global provider of computing and imaging solutions and services -- is focused on making technology and its benefits accessible to individuals and businesses through simple appliances, useful e-services and an Internet infrastructure that's always on.

HP has 88,500 employees worldwide and had total revenue from continuing operations of $48.8 billion in its 2000 fiscal year. Information about HP and its products can be found on the World Wide Web at http://www.hp.com.

This news release contains forward-looking statements that involve risks, uncertainties and assumptions. All statements other than statements of historical fact are forward-looking statements. Risks, uncertainties and assumptions include the possibility that the market for the sale of certain products and services may not develop as expected; that development of these products and services may not proceed as planned; and other risks that are described from time to time in HP's Securities and Exchange Commission reports, including but not limited to the annual report on Form 10-K for the year ended Oct. 31, 1999, and subsequently filed reports. If any of these risks or uncertainties materializes or any of these assumptions proves incorrect, HP's results could differ materially from HP's expectations in these statements. HP does not intend to update these forward-looking statements.