Paymentech Wins Processing For IAC Companies Ticketmaster, Hotels.com, Expedia, And HSN

Dallas-based electronic payment processor Paymentech has won a multi-year processing agreement with IAC/InterActiveCorp (NASDAQ: IACI), the parent company of Ticketmaster, Hotels.com, Expedia, HSN, and Match.com, among others.

Paymentech was the existing processor for two IAC companies, Hotels.com and Match.com. The new agreement has been expanded to include many more segments of companies within IAC, including Ticketmaster, Expedia and HSN.

"Their technology, customer service and reporting capabilities were the key factors in the decision to go with Paymentech," said Darryl Mikuni, Treasurer for Ticketmaster. "Paymentech's existing relationships with Hotels.com and Match.com were also a part of our final decision."

Paymentech beat four rival processors in the bid for the business for Ticketmaster, Hotels.com, Expedia and HSN.

"Clearly, we are very excited to have all of the IAC companies as customers of Paymentech, and we're committed to providing them with industry leading service, products and technology," said Scott Cruickshank, Chief Marketing Officer at Paymentech.

About IAC/InterActiveCorp
IAC/InterActiveCorp (Nasdaq: IACI) is the world's leading multi-brand interactive commerce company. IAC consists of IAC Travel, which includes Expedia, Inc., Hotels.com, Hotwire, Interval International, and TV Travel Shop; HSN; Ticketmaster, which oversees ReserveAmerica; Match.com; LendingTree; Precision Response Corporation; IAC Local and Media Services, which includes Citysearch, Evite, Entertainment Publications, Inc. and TripAdvisor, Inc.; and IAC Interactive Development which includes ZeroDegrees.

About Ticketmaster
Ticketmaster, the world's leading ticketing company, sold 100 million tickets valued at $4.9 billion in 2003, through www.ticketmaster.com, one of the largest e-commerce sites on the Internet, more than 3,300 retail Ticket Center outlets and 19 worldwide telephone call centers. Ticketmaster serves more than 8,000 clients worldwide and acts as the exclusive ticketing service for hundreds of leading arenas, stadiums, performing arts venues, and theaters and is the official ticketing provider and supporter of the Athens 2004 Olympic Games. Ticketmaster is headquartered in West Hollywood, California and is an operating business of IAC/InterActiveCorp (NASDAQ: IACI).

About Hotels.com
Hotels.com is the largest specialized provider of discount lodging reservation services worldwide, providing service through its own websites (including www.hotels.com and others), thousands of affiliated Websites, and its toll-free call centers (1-800-2-HOTELS). Hotels.com provides lodging reservation services to travelers for accommodations at over 10,000 properties in more than 400 markets in North America, Europe, the Caribbean and Asia. The company offers a one-stop shopping source for hotel pricing, amenities and availability, and also specializes in assisting travelers to obtain accommodations for sold-out periods. Hotels.com is an operating business of IAC/InterActiveCorp (Nasdaq: IACI).

About Expedia
Expedia, Inc. is the world's leading online travel service and the fourth largest travel agency in the U.S. Expedia's award-winning Expert Searching and Pricing (ESP) technology delivers the most comprehensive flight options available online. ESP also allows customers to dynamically build complete trips that combine flights, Expedia Special Rate hotels and other lodging, ground transportation, and destination services and activities. Expedia's quality and leadership have been recognized in awards such as PC Magazine's "Editors' Choice" and Forbes "Favorite General Travel Site." Expedia is a wholly-owned subsidiary of IAC/InterActiveCorp (NASDAQ: IACI).

About HSN
HSN, an operating business of IAC/InterActiveCorp (Nasdaq: IACI), originated the electronic retailing concept in 1977 on a small AM radio station in Florida. The company has since evolved into a global multichannel retailer on TV, where HSN is now the 4th largest cable television network in the U.S.; the Internet, through hsn.com; and catalogs such as Improvements and Home Focus. In 2003, HSN generated worldwide consolidated sales of $2.2 billion, answered 62 million calls and delivered 50 million packages worldwide.

About Match
Operating more than 30 online dating sites, in 18 local languages, spanning six continents, Match.com is the world's leading online dating and personals property, according to the March 2004 global ranking by industry- leading independent measurement firm comScore Media Metrix. Match.com offers the industry's most advanced and comprehensive matching technology -- the exclusive Total Attraction Matching system -- which incorporates powerful, scientifically-based personality profiling tools and the first and only physical attraction matching platform. Since its launch in 1995, Match.com has been leading the industry in providing a wide array of tools and resources for its 12 million members seeking long-term, committed relationships or marriage. Match.com provides wireless dating (www.matchmobile.com), Online SpeedMatching (www.OnlineSpeedMatching.com) and events opportunities for singles through its sites MatchLive.com and SpeedMatching.com, both operated by its affiliate, MatchLive, L.L.C. Based on resignation survey data the Company calculates that more than 200,000 Match.com members met the person they were seeking on the site in 2003 alone. Match.com is an operating business of IAC/InterActiveCorp (Nasdaq: IACI).

About Paymentech
Paymentech, L.P. processes more payment transactions than any other company in North America, and more than half of all Internet transactions, for retailers accepting U.S. and international payments via traditional point of sale, Internet, catalog and recurring payments. The privately held company, founded in 1985, is an end-to-end processor for merchants of all sizes and industries. Paymentech's 1,500 employees office in multiple locations, including the Dallas headquarters; New York; Salem, NH; Tampa, FL; and Tempe, AZ. In 2003, Paymentech and its Canadian affiliate, based in Toronto, processed 7 billion transactions and $162 billion in sales volume in 14 currencies. For more information, please visit www.paymentech.com.