FOR IMMEDIATE RELEASE
Contact: Joe Boyle
Chief Executive Officer
803-758-2528

AFFINITY TECHNOLOGY GROUP SIGNS $1 MILLION CONVERTIBLE DEBENTURE AGREEMENT

Columbia, SC, September 22, 2000 – Affinity Technology Group, Inc. [NASDAQ: AFFI] today announced that it has entered into a $1 million convertible debenture purchase agreement with an international institutional investor.

Under the terms of the agreement, Affinity will issue to the investor an 8% convertible debenture in the principal amount of $1 million and a three-year warrant to acquire 200,000 shares of the company's common stock at a price per share based on the average market price of Affinity stock at the time of closing.  The debenture is convertible, at the option of the investor, into shares of Affinity stock at a price equal to the lesser of $1 per share or a percentage of the average market price of Affinity stock at the time of conversion.  The debenture will mature 18 months after issuance, subject to earlier conversion and certain prepayment terms.

The Company will file a registration statement with the Securities and Exchange Commission to register the shares which may be issued in conjunction with the debenture purchase agreement. The debenture purchase agreement requires that funding occur upon the earlier of 30 days after the Company files its registration statement or upon the effectiveness of the registration statement, subject to the continued accuracy of the representations and warranties made by the Company in the agreement.

Joe Boyle, President and Chief Executive Officer of Affinity, said, "As we have previously stated, we will continue to evaluate capital-raising alternatives to meet the short-, intermediate-, and long-term capital needs of the Company.  This agreement is an integral part of our overall capital plan, especially for our short-term working capital goals."


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 services 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. The closing of the $1 million financing described in this press release is subject to several conditions, including the continuing accuracy of the representations and warranties made by the company in the financing agreement.  For example, a material negative development involving the company may cause the company's representations and warranties to become inaccurate.

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