DCTI ISSUES SERIES B PREFERRED STOCK

         Salt Lake City, Utah - January 3, 2002--Digital  Courier  Technologies,
Inc.  (OTC:  DCTI)  announced  today  that it has  issued  one share of Series B
Preferred  Stock to each current member of the Board of Directors.  The issuance
of the Series B Preferred  Stock is  intended to create a mechanism  whereby the
Company's  shareholders  are assured a fair process for electing  members to the
Company's  Board,  including an  opportunity  to review  accurate and fair proxy
solicitations.  The terms of the Series B  Preferred  Stock  allow the  holders,
voting as one class,  to elect 4 directors at each annual or special  meeting at
which directors are elected, or pursuant to any election of directors by written
consent of the shareholders. A Series B director may be removed by a majority of
the then serving  directors with or without cause.  The Series B Preferred Stock
rights may be amended or  repealed by any of the  following:  a vote of at least
70% of the Company's  shareholders  voting at a meeting with a record date on or
prior to February 15, 2002, a vote of at least 60% of the Company's shareholders
voting at a meeting with a record date after  February 15, 2002,  approval of at
least 80% of shareholders of the Company acting by written consent, or unanimous
approval  (by vote or written  consent) of the Series B  Preferred  shareholders
voting as one class. The voting rights of the Series B Preferred Stock terminate
automatically on June 30, 2003.

         About DCTI

         DCTI is at the forefront of Internet payment  technology.  A recognized
specialist in risk management and fraud control, DCTI provides secure, reliable,
and fully  integrated  payment  software  and  systems for  Internet  merchants,
financial institutions,  and merchant service providers. Payment features of the
DCTI system include advanced validation, fraud screening, payment authorization,
settlement, and real-time reporting. DCTI's notable client base and affiliations
include U.S.  and  international  banks and  merchants  and ongoing  development
partnerships with industry leaders such as Equifax,  Global Payments,  and TSAI.
For more information, please visit www.dcti.com.

         Investor Contact for DCTI:

         John  Hanlon,  President  and  Chief  Financial  Officer,  DCTI,  (801)
266-5390 ext. 211