724 Solutions and Politzer & HANEY to Co-Market Internet Cash Management Services.

Business/Technology Editors

TORONTO & BOSTON--(BUSINESS WIRE)--Nov. 13, 2000

Two leading Internet solutions companies to leverage market expertise to provide breadth of convenient, secure commercial banking

services

Expanding on their leadership in enabling premier Internet cash management services to top financial institutions, Politzer & HANEY and 724 Solutions Inc. have announced a co-marketing agreement that will enhance financial institutions' Internet cash management services offerings.

The agreement leverages Politzer & HANEY's leading corporate Internet banking services and market expertise, and 724 Solutions' wireless financial services and alert technologies for banks looking to expand into Internet cash management services - a market that research group Killen & Associates has forecasted will grow to an $80 billion market by 2004.

"Politzer & HANEY is a premier solutions provider in the corporate financial services market, and has the proven expertise we were looking for as we continue expansion of the 724 Solutions Financial Services Platform to meet the commercial banking needs of our customers," said Alistair Rennie, Senior Vice-President, Marketing and PLM, 724 Solutions. "Politzer & HANEY's approach to enabling Internet banking services for financial institutions is synergistic with 724 Solutions' approach, and both companies will look to leverage each other's expertise to quickly bring robust solutions to our respective financial institution customers."

Politzer & HANEY's customers count more than 300 financial institutions, including Merrill Lynch, Chase, National City, and Allfirst - all of who rely on Politzer & HANEY systems to support their daily electronic commercial banking activities. Celent Communications, an industry analyst firm, recently ranked Politzer & HANEY as the leading provider of Internet-based business banking solutions. This strong market presence complements the 724 Solutions Financial Services Platform (FSP), which has become the platform-of-choice for today's leading financial institutions, enabling them to provide their customers with wireless access to a wide range of banking, investment, and commerce services over a variety of Internet-enabled devices and technology standards.

"724 Solutions was the first financial services software developer to announce plans to enable wireless cash management services, and an established leader in providing mobile banking, investment, and commerce services to world-class financial institutions," said Ralph Dangelmaier, Senior Vice-President, Sales and Marketing, Politzer & HANEY. "Our combined sales efforts will allow financial institutions to better tailor cash management solutions to the specific needs of their end-user clients and offer a full range of secure electronic banking services."

About 724 Solutions Inc.

724 Solutions provides an Internet infrastructure solution to financial institutions that enables them to offer personalized and secure mobile banking, investment, and commerce services across a wide range of Internet-enabled wireless and consumer electronic devices. The company provides end-to-end customer support through its global application hosting and contact centre services. 724 Solutions' customers comprise world-class financial institutions whose combined customer bases total 165 million. 724 Solutions' common shares are listed on the NASDAQ National Market (SVNX) and The Toronto Stock Exchange (SVN). Headquartered in Toronto, Canada, the company has offices in London, Paris, San Francisco, Santa Clara, Sydney, and Tokyo. Its subsidiary Spyonit.com is based in Chicago. For additional information visit www.724.com.

About Politzer & HANEY

Since establishing its presence in the financial services industry in 1983, Politzer & HANEY has grown to be the market leader with the most in-production Internet installations for corporate banking clients. More than 300 financial services institutions have selected Politzer & HANEY DOS-, Windows- and Web-based products to support their customer relationships, corporate sales and competitive position within the marketplace. Politzer & HANEY is headquartered in Newton, Mass. Additional information can be found on the Web, at www.ph.com, or by calling 617.796.7700.

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. You can identify these forward-looking statements by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar expressions. 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 risks related to: the risk that technologies for the delivery of financial or e-commerce services over the Internet and wireless networks will not be developed or be attractive to consumers as anticipated; the risk that 724 Solutions and Politzer & HANEY will not successfully deploy or operate services based upon the 724 Solutions Financial Services Platform; and other risks outlined in 724 Solutions' SEC filings, and filings with Canadian Securities Administrators, including but not limited to 724 Solutions' registration statement on Form F-1, prospectuses, material change reports, Annual Information Form, Form 20-F, Management Information Circular, or filings on Form 6-K. 724 Solutions and Politzer & HANEY do not undertake any obligation to update this forward-looking information, except as required under applicable law.