CashEdge

GTE and Patelco credit unions partner with CashEdge to deliver bundled Online Money Movement and Account Aggregation capabilities

New York, NY - August 13, 2003 —GTE Federal Credit Union, a member-owned, not-for-profit cooperative financial institution, and Patelco Credit Union, a full-service financial institution and one of California’s largest credit unions, announced partnerships today with CashEdge (www.cashedge.com) to round-out their online banking channel.

Leveraging CashEdge's Online Money Movement and Advanced Account Aggregation platforms, the two credit unions will be able to provide online banking members with a comprehensive "bundle" of solutions including inter-institution funds transfers, person-to-person payments, and aggregated account data.

"Our tech savvy members are increasingly conducting their banking online. Leveraging CashEdge's technologies will enhance our comprehensive suite of electronic financial services and, more importantly, provide our membership with an innovative online solution to simplify their finances,” said John Shields, Senior Vice President of e-Business at Patelco.

“These payment and aggregation solutions empower our members to manage their finances with greater efficiency and control from any desktop in the world,” added John Thompson, Senior Vice President of Information Technology at GTE. “Our relationship with CashEdge will put our members at a tremendous advantage.”

CashEdge’s technologies will enable GTE and Patelco members to conveniently access and control all of their financial information from one location, to transfer funds between any two accounts at over 23,000 financial institutions, and to send money electronically to friends, family, colleagues and businesses.

“We have witnessed a huge demand from credit unions for our technology solutions. Today’s announcement with these two industry-leaders is a tremendous endorsement of our technology and its specific value to their membership,” explained Dilip Venkatachari, President, CashEdge Inc. “Through our online money movement and aggregation solutions, GTE and Patelco are able to provide their members with superior service, while improving efficiency.”

About GTE Federal Credit Union

As a cooperative financial institution, GTE Federal Credit Union’s mission is to provide quality financial services that meet the needs of our member-owners.

GTE Federal Credit Union is a member-owned, not-for-profit cooperative financial institution formed to permit those in our field of membership to pool their savings, lend them to one another and own this organization where they save, borrow and obtain related financial services. Members are united by a common bond and democratically operate GTE Federal Credit Union.

About Patelco

Patelco Credit Union is a full-service financial institution providing a wide variety of financial products and services. Based in San Francisco and chartered in California, Patelco has been serving the Northern California community for 65 years.

Patelco was founded on June 10, 1936 by five PBX installers, under the original name of "SF Patelco Credit Union". One of the founders, George B. Lake, Jr., stated that initial assets were $500. Since then, Patelco has grown to include over 189,000 members with assets exceeding $3.1 billion. The 3rd largest credit union in California, Patelco is ranked 10th in the top 100 credit unions in the nation.

About CashEdge

CashEdge^® provides innovative, online financial applications to banks, credit unions and wealth management firms. CashEdge's solutions include end-to-end online account opening and funding, funds transfer, small business payments and invoicing, and data consolidation. These proven solutions are flexible, scalable and supported by extensive risk management capabilities.

CashEdge has been ranked by Inc. Magazine as one of the 500 fastest growing private companies in the United States for two years in a row. In 2007 it was also recognized by the 2007 Deloitte Technology Fast 500 and Fast 50 as one of the nation's 500 fastest growing private companies and one of the 50 fastest growing companies in the New York area, respectively. The company currently serves hundreds of leading financial institutions including four of the top five banks, 23 of the top 100 banks, and 20 of the top 100 credit unions. CashEdge has offices in New York, Silicon Valley and India. For more information, please visit www.cashedge.com.

Contact:
Jennifer Moritz
Zer0 to 5ive
917-748-4006
jmoritz@0to5.com

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