CashEdge

CashEdge Announces Agreement With Laurentian Bank of Canada to Provide Account Aggregation and Funds Transfer Services via Internet and Wireless

CashEdge First Company to Offer Multi-Currency, Multi-Lingual Platform

New York, NY & Milpitas, CA - April 4, 2001 —CashEdge, a leading provider of personal finance management solutions to banks and financial institutions, and Laurentian Bank of Canada today announced the signing of an agreement that will allow the Bank and its subsidiaries, including B2B Trust, to offer account aggregation and funds transfer services via the Internet and wireless platforms across Canada. The complete electronic account aggregation solution will be available in both English and French to customers of Laurentian Bank and its subsidiaries, as well as to non-client consumers.

CashEdge's e-finance services will be implemented this year by the Bank's BLCDirect Internet site, and from the transactional portal of B2B Trust used by its partners, in three phases. Account aggregation will be made available first to consumers, followed by funds transfer and wireless access. CashEdge's services allow consumers to enjoy single sign-on, one-stop access to their online accounts such as checking, savings, credit card, brokerage, mutual funds, reward programs and even email. The new service will enable consumers to view their aggregated account information as well as transfer funds between accounts and between institutions.

"CashEdge is proud to be working with Laurentian Bank, one of the first Canadian financial institutions to offer account aggregation and funds transfer capabilities to its customers," said Sanjeev Dheer, CEO of CashEdge. "This agreement advances our goal of becoming the personal financial management platform of choice for both consumers and financial institutions, both domestically and internationally."

With CashEdge's unique multi-currency functionality, consumers will be able to aggregate U.S., Canadian, and even European accounts, can choose whether they want to present their net worth in Canadian, U.S. dollars or any other Western currency, and they will have the choice of operating in English or French. Such international capabilities are anticipated to be particularly suitable to affluent client segments.

A Robust Risk Management Process
A defining aspect of CashEdge's technology is a complete set of integrated risk management solutions. CashEdge and its partners are taking the measures necessary to ensure the security and confidentiality of customer account information. The company has created a total risk management process that includes identity authentication, account validation, transaction limits and customer insurance. CashEdge utilizes a variety of methods to ensure the security of the funds transfer process by encrypting all data and restricting access to sensitive information. The company employs 128-bit SSL encryption, the strongest form available.

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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