Metris Companies' New Intranet Features Percussion's Rhythmyx 5 Enterprise Content Management System

Woburn, MA - April 26, 2004 -Percussion Software, a leading developer of practical software solutions enabling customers to maximize the value and quality of enterprise content, today announced that Metris Companies Inc. (NYSE: MXT) has rolled-out a new company intranet featuring Percussion's Rhythmyx 5 Enterprise Content Management (ECM) system. The intranet, including its content management functionality, was implemented in only six weeks, and has been live since December.

Headquartered in Minnetonka, Minnesota, Metris Companies is one of the largest bankcard issuers in the United States. The company has seven locations in four states and issues credit cards through Direct Merchants Credit Card Bank, N.A. of Phoenix, Arizona. At the end of 2002, the company's management decided to create an intranet, to meet the following goals:

• Improving communication within the company,
• Providing an online community for employees,
• Enhancing efficiency and profitability, and
• Leveraging the Web as a platform for delivering internal business processing applications.

Incorporating a content management system was seen as key to the intranet's success, and after evaluating a range of solutions, Metris selected Rhythmyx 5.

According to Metris' Enterprise Application Architect, Jeff Michaelson, Rhythmyx 5 was the best fit for their needs. "We were attracted to Percussion and Rhythmyx for a number of reasons, including a flexible delivery architecture that enables the easy reuse of content in multiple contexts, and a predictable licensing model that fit our budget," he said. "The Percussion technicians and training staff also were able to work with us while we created our intranet, including the implementation of the content management system, in only six weeks. It's quite an achievement."

Barry Reynolds, president and CEO of Percussion Software, noted, "Metris Companies chose Rhythmyx 5 knowing that they were putting a significant challenge on the table, and we were happy to help them meet their business objectives within an aggressive timetable. This is the reason we developed our rapid implementation methodology. As delivered by our seasoned consultants and partners, it enables us to meet the complex time challenges faced by our customers."

About Metris Companies
Metris Companies Inc. (NYSE: MXT), headquartered in Minnetonka, Minnesota, is one of the largest bankcard issuers in the United States. The Company issues credit cards through Direct Merchants Credit Card Bank, N.A., a wholly owned subsidiary located in Phoenix, Arizona. For more information, visit www.metriscompanies.com or www.directmerchantsbank.com.