CashTech Solutions and Ernst & Young Forge Strategic Alliance.

Business/Technology Editors

CHICAGO & KANSAS CITY, Mo.--(BUSINESS WIRE)--April 23, 2001

E&Y's National Cash Management Practice to Jointly Market and Deliver

CashTech's Cash In' Corporate Electronic Banking Suite

CashTech Solutions, a leading vendor of cash management and corporate e-banking software worldwide, and Ernst & Young's National Cash Management practice today announced that they have forged a strategic alliance to jointly market and deliver CashTech's CashIn' global corporate electronic banking suite to financial institutions throughout North America.

"The cash management business in North America is highly competitive," said Ronald Riffle, national director of Ernst & Young's National Cash Management practice. "Financial institutions need to provide their clients with innovative, Internet-based electronic banking services that differentiate them from the competition and provide an opportunity for additional fee income. CashTech's suite of products fits the bill perfectly, and, coupled with our significant cash management experience, is a winning combination that will provide institutions with a flexible customized solution that can be implemented on a very cost effective and efficient basis."

CashIn' represents the next generation of corporate Internet electronic banking products that incorporate the latest advancements in both features and technology. Developed after extensive research with both financial institutions and their corporate clients, this sophisticated software suite consists of a fully customizable Internet Transaction Desk, flexible product workbench, powerful rules-based business server, middle-office application integrator and unified transaction repository. The system allows for extreme flexibility in both client configuration and tailorability to take advantage of market opportunities.

"We are excited to be working with a world-class organization such as Ernst & Young," said Edward Herman, CEO of the Americas, CashTech Solutions. "Their National Cash Management practice has an extensive understanding of the cash management business, dedicated professionals who specialize in cash management, and relationships with many of the leading financial institutions throughout North America. Our alliance enables financial institutions to leverage E&Y's extensive business knowledge with CashTech's advanced technology platform in response to the increasingly sophisticated needs of the marketplace. We look forward to a successful alliance as we roll out our solution on the continent."

About Ernst & Young

Ernst & Young, a global leader in professional services, helps clients to quickly and confidently make financial decisions designed to enhance its value. Its 77,000 people in more than 130 countries have the industry and financial experience to provide fresh perspectives on operating in the new economy. Ernst & Young offers traditional audit and tax services, as well as customized services in corporate finance, online security, risk management, the valuation of intangibles and e-business acceleration. In addition, legal services are available in various parts of the world where permitted. A collection of Ernst & Young's latest ideas on the new economy can be found at www.ey.com/thoughtcenter. Ernst & Young refers to the U.S. firm of Ernst & Young LLP and other member of the global Ernst & Young organization.

About CashTech Solutions

CashTech Solutions is a global leader in providing corporate electronic banking and cash management solutions to financial institutions worldwide. Their CashIn' product suite represents the first real innovation in cash management software in a decade, and has been installed in over thirty-seven locations worldwide. Current customers include ABN Amro, Deutsche Bank, BNP and HSBC. The company has offices in the United States, Singapore, and India and employs more than 165 professionals worldwide. Please visit their website at www.cash-tech.com