Cash Technologies Partners with Netkey to Bring New Services to Banking Industry; BONUS Benefits Banks and their Customers.

Business Editors & Technology Writers

LOS ANGELES--(BUSINESS WIRE)--June 20, 2002

Cash Technologies, Inc. (AMEX:TQ) subsidiary CT Holdings, LLC, a provider of self-service financial applications, and Netkey, Inc., the nation's leading provider of self-service and kiosk software, announced today that they have completed a marketing agreement to provide financial transaction systems to banks nationwide.

Cash Tech's BONUS(TM) product will be the first to be marketed under the agreement. BONUS allows automated check cashing at bank branches using advanced ATMs, solving a problem that ties up tellers and costs banks billions in fraud and manual handling each year. BONUS has the potential to reduce a bank's cost to cash a check and can minimize lines at the teller window caused by check cashing transactions that are estimated to comprise a third or more of all retail branch transactions.

"With the top 10 U.S. banks alone estimated to spend more than $2 billion per year in manual check cashing costs, self-service automation can produce dramatic improvements," said Bruce Korman, CEO of Cash Technologies. "Given Netkey's extensive banking relationships we believe that they will be excellent marketing partners for our BONUS product line."

Powered by Cash Technologies' patented EMMA(TM) transaction processing software, BONUS employs biometric identification and optical character recognition (OCR) capabilities EMMA's technology will also permit banks to offer additional services, such as money orders and transfers, bill payments, prepaid debit cards and more. BONUS uses software from Netkey to provide system management capabilities.

"Consistent with our strategy to provide innovative self-service products, BONUS addresses an enormous problem experienced by retail banks," said Alex Richardson, president and CEO of Netkey. "Netkey is excited to partner with Cash Technologies to offer retail banking customers the first automated check-cashing solution available to these institutions."

About Netkey

Netkey is the premier provider of software for the emerging self-service channel. Netkey customers in the financial services industry include E*Trade, Fidelity Investments, Fleet Bank and Island ECN. Based in Branford, Conn., the company holds three U.S. patents for its self-service technology. For more information on Netkey, please contact the company at 800/443-7924, via e-mail at [e-mail], or on the Web at www.netkey.com.

About Cash Technologies

Cash Technologies, Inc. develops and markets innovative data processing systems, including the EMMA(TM) transaction processing software, the multifunction ATM-X(TM) and POS-X(TM) client software and PrISM(TM) security system. Through EMMA, consumers and businesses may access a wide variety of financial services via ATMs, POS terminals and wireless devices including: check cashing, electronic bill payment, event ticketing, interactive advertising and traditional ATM cash dispensing. PrISM is a suite of security products using biometric and risk analysis technologies. For more information, visit www.cashtechnologies.com.

Matters discussed in this release include forward-looking statements that involve risks and uncertainties, and actual results may be materially different. Factors that could cause actual results to differ include technical barriers that prevent the implementation or success of Cash Tech's technology, activity levels in the securities markets and other risk factors disclosed in Cash Tech's reports to the Securities and Exchange Commission, including its Forms 10-QSB and Forms 10-KSB on file with the SEC. The Company cautions that there are numerous hurdles facing biometric-based systems, including significant capital requirements and public and governmental acceptance.