Threshold Financial Technologies Inc. to Provide Switching Services to British Columbia-based Credit Union

    MISSISSAUGA, ON, Nov. 5 /CNW/ - Threshold Financial Technologies Inc.
(Threshold) has announced that it has executed an agreement with Mount Lehman
Credit Union in Mount Lehman, British Columbia (B.C.), to provide transaction
processing and ATM driving services.
    Threshold, a demonstrated leader in the payments industry, has
differentiated itself in the financial transaction and ATM marketplace by
specializing in the provision of high quality, fully managed POS and ATM
network administration and switching solutions to Canadian financial
institutions and corporate retailers. Threshold has been providing transaction
processing solutions to Canadian credit unions for almost a decade. The
introduction of Threshold's switching services into Western Canada allows
credit unions, and their cardholders in British Columbia, to benefit from
Threshold's unique, customer-centric service offerings and considerable
industry experience.
    "We are very pleased that Mount Lehman Credit Union has selected
Threshold as their switching services partner," commented Matthew McIver,
President at Threshold. "Threshold has been providing Canadian credit unions
with innovative, reliable solutions for years, and it is exciting to continue
our expansion into the western market by working with committed
community-based financial institutions, such as Mount Lehman."
    "Mount Lehman decided to migrate to Threshold after determining that they
could meet our current and future requirements with ease. It was enlightening
to see a switch provider offering products and services that we had been
searching for, for a long time," said Gene Blishen, General Manager, Mount
Lehman Credit Union. "They are adaptable to our unique circumstances, and they
think 'out of the box' which serves us well. We see working with Threshold as
an opportunity to develop and further enhance our own products and services."

    About Mount Lehman Credit Union

    Mount Lehman Credit Union is a financial institution situated in the
middle of the Fraser Valley. With a history of over 65 years in business, this
financial cooperative has a member-oriented method of providing service which
exceeds that of the big banks and big credit unions. Mount Lehman has
initiated unique technology solutions for its members over the years such as
MemberNote, an alert text messaging product. Success is measured in terms of
personal relationships, not market share, asset size, or annual earnings.
Mount Lehman's commitment is to its members, and they believe that it is in
the members' best interest to remain small. For more information, see

    About Threshold Financial Technologies Inc.

    Threshold Financial Technologies Inc. is a wholly owned subsidiary of
Versent Corporation, a privately owned Canadian company with more than 850
employees throughout North America.
    Threshold has been actively involved in the payments industry since 1997
and has existing corporate relationships with organizations such as Meridian
Credit Union, Alterna Savings Credit Union, Ladysmith and District Credit
Union, All Trans Financial Services Credit Union, ING Bank, First Ontario
Credit Union, Amex Bank of Canada, Sobeys, A&P, Costco Wholesale Canada, and
Husky Energy. For more information, see

For further information:

For further information: Tracy Boyd, Vice President, Marketing,
Threshold Financial Technologies Inc., (905) 678-4495

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