Press Release

VICOR Launches Landmark Industry Program
to Map Direction of Corporate Payments

Contact: Bob Murphy
VICOR, Inc.
510-621-2047 or rmurphy@vicor.com

RICHMOND, CA, April 24, 2006 – VICOR, Inc., the leading provider of solutions that optimize the processing of complex payments for financial institutions and businesses, today announced the Corporate Payment Progress Index (CPPI), a groundbreaking industry program that will quantitatively map the direction of corporate payments and provide comprehensive data on payments initiatives.

VICOR’s CPPI becomes the first and only industry metric that measures the overall progression of corporate payments. This new program will advance the payment industry by helping financial institutions and technology providers develop services and solutions to meet the needs of corporate customers.

The VICOR CPPI uses a sophisticated model that incorporates four major business factors: payment method (current and anticipated share), cost per transaction, investment plans, and satisfaction level. The CPPI will become an annual industry metric with top-level results published for the purposes of advancing the corporate payment industry.

VICOR has engaged Celent LLC, a leading payments industry research and consulting firm, to conduct the necessary custom research that will drive the metric components and provide objective, unbiased analysis of the data. Celent will help VICOR in structuring the index, executing a survey process, collecting data, analyzing results and providing general support for the program. Celent’s payment processing and treasury management domain knowledge and experience will lend a high degree of credibility and insight to the program.

“The VICOR CPPI is truly a unique program that will benefit all stakeholders in the corporate payments industry,” said Alenka Grealish, manager of Celent’s banking group. “There’s nothing in the market that provides this type of insight across all payment methods. We’re excited to be working with VICOR on this compelling industry initiative that will help guide the payment industry forward.”

Evolving pressures in the payments industry have created an environment riddled with complex issues and challenges. While a vast array of quantitative consumer and business payments data and research currently is available, a consolidated view of corporate payments is not. VICOR CPPI will fill this void by providing unique insight into how the payments industry is progressing, from the corporate customer’s perspective.

Using the VICOR CPPI, corporate practitioners who manage payment processes in their company can benchmark their current position and future plans against those of their peers. Financial institutions will gain a clearer understanding of their customers’ needs. And technology and solutions providers will be better positioned to create focused product development plans.

“This groundbreaking program further extends VICOR’s strong reputation as a thought and innovation leader in the payments industry,” stated VICOR President and CEO Bob Kirk. “The VICOR CPPI will deliver critical information financial institutions and technology providers need to develop and deploy strategic payments solutions. We expect the VICOR CPPI to become the de facto metric that industry leaders will depend on to define their long-term strategies.”

The 2006 VICOR CPPI and associated data will be announced this summer, followed by a series of regional presentations on the findings starting in September.

About VICOR, Inc.

VICOR, Inc. is the leading provider of solutions that optimize the processing of complex payments for businesses and financial institutions. By managing multiple payment types and formats across diverse distribution channels, VICOR helps businesses and financial institutions save time and money, attract new customers, generate revenue, and leverage existing technologies. In 2005, VICOR’s solutions processed over $1.4 trillion in payment volume, 222 million payment transactions and 335 million payment related documents. VICOR is headquartered in Richmond, CA. For more information about VICOR and its solutions, contact 510-621-2000 or visit www.vicor.com.

About Celent, LLC

Celent, LLC is a research and advisory firm dedicated to helping financial institutions formulate comprehensive business and technology strategies. Celent publishes reports identifying trends and best practices in financial services technology and conducts consulting engagements for financial institutions looking to use technology to enhance existing business processes or launch new business strategies. With a team of internationally experienced analysts, Celent is uniquely positioned to offer strategic advice and market insights on a global basis.