Threshold Financial Technologies Inc. Acquires National ATM Operator

December 20, 2004 – Mississauga, Ontario -- Threshold Financial Technologies Inc. (Threshold) has announced that it has purchased the assets of Toronto-based eStation Networks Inc., including its wholly-owned subsidiary, E-Cash Services Inc., a national private label ATM (Automated Teller Machine) operator. The E-Cash network is comprised of approximately 370 full-service turnkey ATMs, deployed into a number of significant Canadian retail locations.

Ontario-based Threshold Financial Technologies Inc. provides outsourced transaction switching, ATM management services and turnkey ATM solutions to financial institutions and retailers. Threshold also owns and operates a nationwide private-label ATM network, branded ‘Laser Cash’. With the acquisition of E-Cash, Threshold’s ATM network will exceed 1400 units, making Threshold one of the largest operators of full service ATMs in Canada.

“We are very excited about this acquisition,” said Matthew McIver, President of Threshold Financial Technologies Inc. “There is a strong synergy between the E-Cash ATM operation and our existing business. E-Cash clients will benefit from Threshold’s financial stability and its extensive experience in providing high quality, full-service ATM solutions.” Mr. McIver continued, “Acquisitions are a key component of Threshold’s growth strategy in the maturing Canadian ATM market.”

About Threshold

Threshold Financial Technologies Inc. (Threshold) is a wholly owned subsidiary of Versent Corporation, a privately owned Canadian company with more than 850 employees throughout North America.

Threshold 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, switching and monitoring solutions to Canadian financial institutions, corporate retailers and ATM deployers.

Threshold has been actively involved in the ABM business since 1997 has existing corporate relationships with high-profile organizations such as Costco Canada, Shoppers Drug Mart, Toronto Transit Commission, Cineplex Odeon, ING Bank, CS CO-OP, All Trans Credit Union and Amex Bank of Canada.