CashEdge

CashEdge Selects Verid's Knowledge Based Authentication Technology

FT. LAUDERDALE, FL - April 16, 2007 —Verid announced today its selection by CashEdge to integrate Knowledge Based Authentication (KBA) technology into CashEdge’s online account opening and funding solutions. The pioneer behind account opening and funding online, CashEdge will enhance the depth and quality of its risk management capabilities using Verid’s industry leading KBA process, already in use at eight of the top ten financial institutions.

“As the largest provider of online funds transfers and online account opening and funding, CashEdge is committed to providing a complete suite of risk management tools and delivering the most thorough functionality available in the market,” explained Amir Sunderji, vice president of risk management at CashEdge. “We recognize the importance of Knowledge Based Authentication in verifying identities online, and view Verid’s technology as a valuable addition to our risk management offering.”

Verid’s Knowledge Based Authentication technology presents consumers with a series of personalized questions based on deep background data derived from a variety of public information sources. The technology conducts sophisticated analytics to build a comprehensive knowledge profile and guides the consumer through an intuitive and interactive process until identity is confirmed. Verid’s newest innovation is IdentityEvent™, a significant new capability that will spot suspicious identity activity and ratchet up authentication security in real-time, before an identity theft actually takes place.

“Verid and CashEdge have a strong common interest and that is helping financial institutions do more with the online channel,” said Verid CEO Kevin Watson. “Making our solutions work seamlessly together makes sense because it adds the option of KBA security to instant account opening and funding.”

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
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About Verid

Verid is the leading provider of real-time authentication solutions that accurately verify identity without compromising consumers’ comfort, convenience or privacy. Verid’s Knowledge Based Authentication (KBA) service helps businesses manage risk, and establish and maintain high quality customer relationships. Verid’s clients include 8 of the top 10 financial service providers, 3 of the top 6 telecom/ wireless providers and 3 of the top 10 retailers. Verid’s technology is fully compatible with fraud management systems, and delivers turnkey, highly available solutions backed by extensive client support and data analysis. For further information regarding Verid, please visit the Web site at www.verid.com, or call toll-free at 1-888-533-5300.

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