FOR IMMEDIATE RELEASE

Contact: Joe Boyle

Chief Executive Officer

803-758-2528

AFFINITY TECHNOLOGY GROUP ANNOUNCES REDUCTION IN WORKFORCE

Columbia, SC, March 20, 2001 – Affinity Technology Group, Inc. (OTCBB: Affi) today announced that it has reduced its work force by one-third.

Twelve employees were dismissed from the Company, leaving a total staff of twenty-four. All of the affected employees were in positions relating to the Company’s software sales and transaction processing divisions.

Joe Boyle, Affinity’s President and Chief Executive Officer, stated, "This is always difficult, but the company has not been successful selling its software and transaction processing under its present ASP model. At the present time the company must focus on businesses which are less capital intensive. Accordingly, in the near-term we will concentrate on our mortgage business and continue to pursue opportunities related to our patent portfolio." Mr. Boyle also stated, "we will also continue to pursue capital raising initiatives and continue to evaluate revenue opportunities through the sale of certain of our software products other than under an ASP model."

About Affinity Technology Group, Inc.

Affinity's technology enables financial institutions to link their branches, call centers, Internet customers, and indirect agents electronically to their credit departments, providing fully automated lending - and, if necessary, connectivity to a loan officer - through every channel. For financial institutions, Affinity's solutions expedite loan decisioning and processing and increase productivity and capacity of branch personnel, call center agents, loan officers, and indirect agents, while improving the overall customer experience. Affinity is located on the World Wide Web at www.affi.net.

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Forward-looking statements in this news release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that these statements involve several risks and uncertainties that may cause actual results to differ materially from those projected.