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

November 5, 2007 – Mississauga, Ontario -- 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 www.mtlehman.com.

About Threshold

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 www.threshold-fti.com

Contact Information:
Tracy Boyd
Vice President, Marketing
Threshold Financial Technologies Inc.
(905) 678-4495