724 Solutions Announces Availability of Command Banking; Proactive m-Banking Solution Anytime, Anywhere.

Business Editors & High-Tech Writers

724 Solutions (Nasdaq:SVNX) (TSE:SVN) announced today the release of 724 Solutions Command Banking. This powerful m-banking solution allows customers access to financial information from wireless devices through Short Messaging Service (SMS), secure instant messaging and other asynchronous messaging channels.

Channels such as SMS have achieved high penetration in major markets. By providing a service to leverage this large userbase, 724 Solutions is able to deliver a mobile banking experience that is faster to access and easier to use. By enabling banking via the most pervasive messaging channels, 724 Solutions is providing an alternative to WAP and other first-generation mobile browsers that have traditionally been a barrier to mobile adoption.

724 Solutions Command Banking Features:

-- Enables customers to get account balances, transfer funds, pay bills and check account activity (please see today's news release on ITS). Users can initiate a session or be prompted to action through an alert generated message.

-- Extendable Command list: create any number of commands and any number of alias shortcuts.

-- Localization and multi-language support for displaying and processing messages.

Financial Institutions can drive down costs associated with customer service and increase value of existing technology infrastructure by providing customers with an easy, natural and convenient interface for personal banking. Command banking also establishes greater customer relationships through a varied service offering.

"I can quickly send a message off to my bank and immediately see balances and recent transactions. A few more keystrokes and I've made a transfer. It's the speed, the simplicity and the incredible penetration of these channels that is making financial institutions revisit the mobile opportunity," said John Sims, Chief Executive Officer, 724 Solutions. "Through these popular messaging channels, 724 Solutions enables banks to add customer convenience while driving down costs."

About 724 Solutions Inc.

724 Solutions Inc. (Nasdaq:SVNX) (TSE:SVN) powers the world's largest financial institutions and mobile operators to make the most of m-Business. Our solutions transform business applications into proactive solutions that deliver timely information, invite immediate response and enable effortless, mobile transactions. Each implementation provides new convenience to the end-user and strong return on investment to the business owner. With headquarters in Toronto, Canada, the company has development and sales offices around the world. For more information, visit www.724.com.

This press release contains statements of a forward-looking nature. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements include the statements herein regarding: the services and products that will be offered by 724 Solutions, the benefits that businesses will obtain from these services and products and future demand for these services and products. The accuracy of these statements may be impacted by a number of business risks and uncertainties that could cause actual results to differ materially from those projected or anticipated, including the risk that 724 Solutions will be unable to deploy the solutions and products stated herein, the risk that the demand for these solutions and products, or for 2.5G and 3G networks, will not increase as presently anticipated and other risks described in 724 Solutions' Securities and Exchange Commission filings, including its annual report on Form 10-K. These risks are also described in 724 Solutions' filings with the Canadian Securities Administrators. 724 Solutions does not undertake any obligation to update this forward-looking information, except as required under applicable law.