CashEdge

CashEdge Selects Quova for Enhanced Financial Services Risk Management and Compliance Capabilities

Internet Geolocation Leader Expands Footprint in Growing Fraud Prevention Market

MOUNTAIN VIEW, CA - May 9, 2006 —Quova, Inc., the leading provider of IP Intelligence and Internet geolocation data and services, announced today its selection by CashEdge, a leading provider of online financial applications, to provide geolocation data for its risk management and compliance solutions. Quova’s technology will enable CashEdge to deliver the most powerful, real-time transaction monitoring capabilities in the market to help financial services companies enhance their compliance with USPA and FFIEC guidelines related to multi-layered authentication, increased enforceability of electronic transactions and protecting their customer accounts from fraudulent transactions.

“As the largest provider of online funds transfers and online account opening and funding, CashEdge is focused on risk management. We understand the importance of geolocation in preventing fraud, and are determined to offer our clients the most reliable information available. The quality of Quova's comprehensive geolocation database, the granularity of their information and the company's marquee customer list were key factors in our selection process,” said Amir Sunderji, Vice President, Risk Management & Payment Services for CashEdge. “Building Quova’s technology into our risk monitoring and compliance model will enhance our ability to detect fraud in real-time and give our clients immediate access to invaluable transaction origination details. Together our technologies will deliver tremendous value to our clients and make major strides in the prevention of online fraud.”

Quova's patented IP Intelligence and Internet geolocation technology provides the geographic location and connection data of website visitors in real time. Leveraging an online customer's IP address, Quova is able to analyze and determine their identifying data elements. This information, which includes the time and location where a transaction was initiated, is a critical component for fraud detection and prevention, identifying such red flags as transactions initiated overseas or through anonymizing proxies.

"CashEdge is a leader in online financial services applications, and the integration of Quova’s expertise into the CashEdge offering will produce a unique and powerful new solution for identity verification and fraud prevention," said Gary Jackson, COO of Quova. "We're pleased that CashEdge has chosen Quova as its geolocation provider, and we're excited about the impact our two industry-leading technology companies will have on this fast-growing marketplace."

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
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About Quova, Inc.

Founded in 2000, Quova, Inc. is the leading provider of IP Intelligence and Internet geolocation services to online businesses, including five of the world’s six largest global Internet companies. Quova's patented technology provides the geographic location and connection data of website visitors in real time, enabling thousands of enterprises worldwide to detect fraud, manage digital rights, target content, conduct site analysis and ensure regulatory compliance. Quova’s customers and partners include such industry leaders as Major League Baseball Advanced Media, BBC, Bell Canada, Cisco Systems, Coremetrics, Corillian, PassMark, Bankinter, Globo, Times Online and Sky Sports. A privately held company with investments from Mobius Venture Capital, IDG Ventures, Nexus Group and Schoffstall Ventures, Quova is headquartered in Mountain View, California (T: 650.528.3700) with European headquarters in Amsterdam, The Netherlands (T: 31.20.888.45.30). Visit Quova online at www.quova.com.

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