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NEWS RELEASE

                              FOR INFORMATION CONTACT:
                              Kevin Nyland, Vice President, Investor Relations
                              210.949.7020
                              kevin.nyland@billingconcepts.com

                              David P. Tusa, Senior Vice President and Chief
                                Financial Officer
                              210.949.4010
                              david.tusa@billingconcepts.com
                              www.billingconcepts.com


SEPTEMBER 18, 2000

               BILLING CONCEPTS SIGNS DEFINITIVE AGREEMENT TO SELL
                         MAJOR OPERATING DIVISIONS

"THIS IS A SIGNIFICANT DEVELOPMENT IN THE TRANSFORMATION OF THE BILLING CONCEPTS
  BUSINESS MODEL AS WE ALIGN RESOURCES TO FOCUS ON NEW ECONOMY OPPORTUNITIES,"
        SAID PARRIS H. HOLMES, JR., CHAIRMAN AND CEO OF BILLING CONCEPTS

SAN ANTONIO, TX...BILLING CONCEPTS CORP. (NASDAQ: BILL) today announced the
execution of a definitive agreement to sell the Company's LEC Billing, OSC
and Aptis Software divisions to Platinum Equity Holdings of Los Angeles,
California.

Total consideration consists of  $52.5 million in cash and a royalty,
assuming achievement of certain revenue targets, of up to $20 million.
Additionally, the Company is entitled to payments totaling $7.5 million for
consulting services provided over a 24-month post-closing period.  The
closing of this transaction is subject to regulatory approvals and
satisfaction of certain other conditions and is expected to be completed over
the next 30-45 days.

Subsequent to the transaction, Billing Concepts will consist of its
wholly-owned FIData operations and its investments in Princeton eCom and
COREINTELLECT.  The Company will have approximately $61 million, or $1.45 per
share in current assets. Post-transaction shareholder equity is estimated at
$105 million, or $2.50 per share. The Company also will be entitled to the
future cash stream from the royalty and consulting arrangements discussed
above.

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BILLING CONCEPTS SIGNS DEFINITIVE AGREEMENT TO SELL
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Commenting on the announcement, Parris H. Holmes, Jr., Chairman and CEO of
Billing Concepts, stated,  "This is a significant development in the
transformation of the Billing Concepts business model as we align resources
to focus on new economy opportunities.

 "We believe the Platinum transaction provides us the opportunity to focus on
our rapidly-expanding FIData operations and our high growth investments,
while allowing us to participate in the future success of the LEC Billing,
OSC and Aptis Software operations.

"I am convinced that Platinum, through its portfolio of companies, is
committed not only to the continued progress and growth of the LEC Billing,
OSC and Aptis operations, but also to providing significant opportunities for
our employees," Mr. Holmes said.

"We see this event as an opportunity to further position the Company and
enhance shareholder value through our FIData operations and our investments
in Princeton eCom and COREINTELLECT.  The cash from this transaction will
provide us with the flexibility to further participate in the anticipated
growth and potential strategic opportunities available to Princeton eCom, as
well as to fund the continued growth of our FIData operations. We will also
consider investments in other technology focused opportunities," concluded
Mr. Holmes.

"LEC, OSC and Aptis have tremendous synergy with several of our other
portfolio companies, and we intend to capitalize on those strengths, while
empowering each organization to grow autonomously within its respective
markets," said Tom Gores, President and CEO of Platinum Equity Holdings.

ABOUT BILLING CONCEPTS

Billing Concepts Corp.'s (Nasdaq: BILL) Internet investments include
Internet-based instant loan approval products to the financial services
industry through FIData, Inc. The Company is also the lead investor in
Princeton eCom Corporation and COREINTELLECT, Inc. Princeton eCom is a
leading application service provider for electronic bill presentment and
payment solutions. COREINTELLECT is a B2B content delivery application
service provider. Billing Concepts Corp. is headquartered in San Antonio,
Texas.  For more information, visit www.billingconcepts.com.

ABOUT PLATINUM EQUITY HOLDINGS

Platinum Equity Holdings (www.peh.com), based in Los Angeles, has been
recognized as one of the largest and fastest growing privately held IT
companies in the United States by both Forbes and BusinessWeek magazines. The
company has distinguished itself as a billion-dollar investment corporation
that specializes in acquiring and operating mission-critical technology
organizations and technology-enabled service companies throughout the world.
Platinum currently owns 16 technology-driven corporations featuring a
workforce of 10,000 employees, an established infrastructure in more than 100
countries.

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BILLING CONCEPTS SIGNS DEFINITIVE AGREEMENT TO SELL
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ABOUT PRINCETON eCOM

Princeton eCom, the first company to present a bill on the Internet, is a
leading provider of electronic billing and payment services to more than 650
corporations and financial institutions including Ameritech, Verizon
Wireless, Cellular One, Cinergy Corp., and Mellon Global Cash Management.

Princeton eCom enables businesses to present consumer bills and business
invoices on the Internet and it provides consumers and businesses with the
ability to access and pay those bills online, over the phone, or using a
wireless digital device. It also provides electronic payment processing
services to banks, credit unions, and other financial institutions. Princeton
eCom's range of services includes electronic lockbox, electronic collection,
and electronic credit card balance transfer services as well as customer care
and customer service programs.

The company has built a comprehensive bill distribution network through
strategic alliances with banks, credit unions, home banking software
providers, networks like MasterCard RPPS, and web portals.  For more
information visit www.princetonecom.com.

ABOUT FIData

FIData, Inc. is the premier provider of instant online loan approval services
for the credit union industry.  Processing $265 million in loans in 1999,
this online loan engine allows participating lenders to offer their borrowers
loan approval or referral within 60 seconds, on a 24x365 basis. Their
services can also be implemented to streamline back-office lending functions
or to provide online lending capabilities to third-party partners such as
auto dealers, call centers or retailers. Presently being used by more than 80
institutions and under contract by an additional 35, loan application volumes
have increased 49% in 2000 and are continuing to grow. As an Application
Service Provider (ASP), FIData provides the power of its loan underwriting
technology via the Internet in a secure environment, requiring no hardware or
software purchases from their clients. FIData is an Austin, Texas-based
company and a wholly-owned subsidiary of Billing Concepts Corp. (NASDAQ:
BILL), and is led by executives with extensive experience with Internet
technology and the financial services industry. Located on the World Wide Web
at www.fidata.com, FIData has served financial institutions since 1988.

ABOUT COREINTELLECT

COREINTELLECT, Inc. develops and markets products for the acquisition,
classification, retention, and dissemination of business-critical knowledge
and information. The products utilize the Internet and corporate intranets to
deliver highly relevant, personalized content to business users, while
reducing the problem of information overload that traditional information
dissemination systems create. The Company's products target middle-market and
"Fortune-1000" companies in fast-paced industry segments like technology,
finance, and healthcare.

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BILLING CONCEPTS SIGNS DEFINITIVE AGREEMENT TO SELL
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COREINTELLECT's investors include Allexxis Capital, Autem Technology
Partners, Billing Concepts Corp. (NASDAQ: BILL), CMB Capital Corporation,
ComHoldings Ventures, and Sanchez Capital Partners. For more information,
visit http://www.COREintellect.com.

CERTAIN STATEMENTS CONTAINED HEREIN ARE "FORWARD-LOOKING" STATEMENTS (AS SUCH
TERM IS DEFINED IN THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995).
BECAUSE SUCH STATEMENTS INCLUDE RISKS AND UNCERTAINTIES, ACTUAL RESULTS MAY
DIFFER MATERIALLY FROM THOSE EXPRESSED OR IMPLIED BY SUCH FORWARD-LOOKING
STATEMENTS. FACTORS THAT COULD CAUSE RESULTS TO DIFFER MATERIALLY FROM THOSE
EXPRESSED OR IMPLIED BY SUCH FORWARD-LOOKING STATEMENTS INCLUDE, BUT ARE NOT
LIMITED TO, THOSE DISCUSSED IN FILINGS MADE BY THE COMPANY WITH THE
SECURITIES AND EXCHANGE COMMISSION.

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