Threshold Financial Technologies Inc. Selected as Central Switching Provider to THE EXCHANGE(R) ATM Network

    MISSISSAUGA, ON and SURREY, BC, March 26 /CNW/ - Threshold Financial
Technologies Inc. (Threshold) and FICANEX Services Limited Partnership
(Ficanex), operator of THE EXCHANGE(R) network in Canada, jointly announced
today that they have executed a binding letter of intent to enter into a
long-term agreement nominating Threshold as the designated Central Switching
Provider (CSP) to THE EXCHANGE(R) network. There are currently over 235
members of THE EXCHANGE(R) network, including HSBC Bank Canada, National Bank
of Canada, Vancity Savings Credit Union, Coast Capital Savings Credit Union,
and Meridian Credit Union.
    "The solution proposed by Threshold will allow THE EXCHANGE(R) network to
offer its members a more advanced and value-driven suite of services,"
explained Linda Matheson, Network General Manager, FICANEX Services Limited
Partnership. "We believe that Threshold will be a strong, strategic partner
and will deliver a solid platform for THE EXCHANGE(R) network to operate on,
providing enhanced levels of service and support in an environment that is EMV
chip ready. We are particularly impressed with Threshold's depth and breadth
of experience, their approach to customer service, and their proven commitment
to excellence."
    Threshold will commence providing the CSP service in January, 2009 and
will be operating the solution on its IBM AIX-based Postilion Active/Active
switching platform, offering the highest level of availability using real time
load balanced processing as opposed to the more traditional disaster recovery
    "We are very excited to be working with THE EXCHANGE(R) network to
enhance its service offering to the Canadian marketplace and strengthen its
overall value proposition. Our Company is highly committed to the credit union
and banking industry and this partnership recognizes that commitment," stated
Matthew McIver, President of Threshold. "Threshold brings an EMV compliant
solution coupled with a richer functionality offering than was previously
available. With the Active/Active solution we are employing, we are at the
forefront of the industry for delivering world-class, fault-tolerant, and
leading-edge ATM and switching solutions to Canada's financial services

    About THE EXCHANGE(R) Network

    THE EXCHANGE(R) ATM network enables participating financial institutions
to offer their cardholders convenient access to a very large, proprietary ATM
network at an affordable cost. THE EXCHANGE(R) network offers the only
inter-institutional, full-function ATM network in Canada and consists of over
235 members offering surcharge free access on over 2,200 ATMs nationwide. More
information is available at

    About Threshold

    Threshold Financial Technologies Inc. is a wholly owned subsidiary of
Versent Corporation ULC, a privately owned Canadian company with more than 850
employees throughout North America.
    Threshold has been actively involved in the payments industry since 1997
providing leading edge, feature rich, and value-based EFT processing and ATM
solutions to Canadian retailers and financial institutions. The Company has
existing relationships with a broad range of banks and credit unions, as well
as Canada's largest retailers such as Meridian Credit Union, Alterna Savings
Credit Union, All Trans Financial Services Credit Union, ING Bank, Sobeys,
A&P, Costco Wholesale Canada, and Husky Energy. For more information, see

For further information:

For further information: Linda Matheson, Network General Manager,
FICANEX Services Limited Partnership, (604) 581-6246,; Tracy Boyd, VP, Marketing, Threshold Financial
Technologies Inc., (905) 678-4495,

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