Exhibit 99.1
                                                                    ------------

                       Digital Courier Technologies, Inc.
                       Reverse Stock Split and Name Change
                         Effective Thursday, May 8, 2003


SALT LAKE CITY, UTAH, (May 7, 2003) - Digital Courier  Technologies,  Inc. (OTC:
DCTI.PK),  a leading provider of Internet payment  technology,  announced that a
1-for-100 reverse split of its common stock will take effect at the commencement
of trading on Thursday,  May 8, 2003.  Starting May 8, 2003, DCTI's common stock
will trade under the symbol  "TNXS".  On May 8, 2003,  DCTI will also change its
name to TransAxis, Inc.

About Digital Courier Technologies, Inc.
DCTI is at the forefront of Internet  payment  technology.  Specializing in risk
management and fraud control, DCTI provides highly scalable, reliable, and fully
integrated payment software and systems for businesses,  Internet merchants, and
financial  institutions.  Payment  features of the DCTI system include  advanced
authentication,  validation, fraud screening, payment authorization, settlement,
and real-time reporting. For more information, please visit www.dcti.com.

Note:  The  statements  released  by Digital  Courier  Technologies,  Inc.  (the
"Company") that are not purely historical are forward-looking within the meaning
of the "Safe Harbor" provisions of the Private Securities  Litigation Reform Act
of  1995,  include  statements  regarding  the  Company's  expectations,  hopes,
intentions,  and  strategies  for  the  future.  Investors  are  cautioned  that
forward-looking  statements  involve risk and uncertainties  that may affect the
Company's business  prospects and performance.  It is important to note that the
Company's   actual   results  could  differ   materially   from  those  in  such
forward-looking statements. Risk factors include general economic,  competitive,
governmental,  and  technological  factors as discussed in the Company's filings
with the SEC on Forms 10-K,  10-Q and 8-K.  The Company does not  undertake  any
responsibility  to  update  the  forward-looking  statements  contained  in this
release.

                                     # # #