CashEdge

CashEdge Expands Management Team

Appoints Deborah Kovacs Vice President of Product Management and Jeremy Sokolic, Vice President of Marketing

New York, NY - March 27, 2007 —CashEdge Inc. (www.cashedge.com), the pre-eminent provider of online fund transfers and the pioneer behind opening and funding accounts online, today announced the appointments of Deborah Kovacs to the role of Vice President of Product Management and Jeremy Sokolic to Vice President of Marketing. Both individuals will be based in the company's New York office.

As Vice President of Product Management, Ms. Kovacs will be responsible for product design and implementation. Prior to joining CashEdge, Ms. Kovacs served a variety of technology companies including Sanchez Computer Associates. As Senior Vice President of Product Management at Sanchez she managed a team of 120 people and was responsible for all product development, helping grow the company from a start-up to nearly $80 million in revenues. Ms. Kovacs received a BS in Information Systems from Carnegie-Mellon University.

"Deborah is a formidable information technology executive with extensive experience in enterprise software management, product planning, systems development and a deep knowledge of financial technology. She is a great fit for our team, and well qualified to receive the baton from Jeremy," said CashEdge CEO, Sanjeev Dheer.

After seven years as the Vice President of Product Management, Mr. Sokolic has taken on the role of Vice President of Marketing. His deep product knowledge and demonstrated expertise building-out product lines will be critically important in developing and leading CashEdge's marketing effort. Prior to joining CashEdge, Mr. Sokolic was an associate and business analyst at McKinsey & Company, where he served a range of clients in the areas of healthcare and financial services. Mr. Sokolic received an MBA from Columbia Business School and a BS in Economics from the Wharton School, University of Pennsylvania.

"Jeremy has left the legacy of a strong and well-managed product management group. In his new role, he will be responsible for product marketing, adoption analysis, new service/product definition, marketing communication, and corporate marketing. His long tenure with CashEdge, management expertise, and unsurpassed knowledge of our products and capabilities, will be invaluable in his charge of taking our marketing function to the next level," Dheer added.

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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