IVI Checkmate Announces Reseller Agreement With POSdata; Multi-Year Agreement Valued in Excess of $5 Million.

ATLANTA/TORONTO--(BUSINESS WIRE)--July 28, 1999--

IVI Checkmate Corp. (Nasdaq:CMIV); (TSE:IVC/IVI) today announced that it has licensed POSdata Inc. to resell IVI Checkmate's family of check readers, customer activated credit/debit terminals, and the eN-Touch 1000 customer-interactive touch screen and signature capture terminal.

The agreement is expected to bring IVI Checkmate in excess of $5 million in orders over the next three years.

POSdata, based in Gig Harbor, Wash., is one of the largest value-added distributors of retail point-of-service and data capture equipment in the U.S. POSdata resells to dealers serving the small to medium retail market segment.

"Our agreement with POSdata supports our objective of further penetrating the middle and lower tiers of retail," said Jim Troy, vice president of IVI Checkmate's Integrated Transaction Solutions group. "We anticipate this agreement may well expand beyond hardware sales to include payment and value-added consumer service applications, positioning IVI Checkmate as POSdata's supplier of end-to-end payment transaction management solutions to the middle and lower retail tiers."

POSdata, founded in 1973 and headquartered in Gig Harbor, Wash., is a value-added distributor of a wide range of point-of-sale and data capture equipment from leading manufacturers including PSC, Symbol, Zebra, Ithaca Peripherals, MMF, Compsee, Densei, Cherry, Jarltech and ViewMagic. POSdata provides fast, effective service on most manufacturers' products at two convenient depot service locations through their SERVICExpress division. For more information on POSdata, visit the POSdata web site at www.pos-data.com or contact Michael Kapp, 800/852-3282, x260.

IVI Checkmate is the third largest electronic transaction solutions provider in North America. The Company designs, develops, and markets innovative payment and value-added solutions that optimize transaction management at the point-of-service in the retail, financial, travel & entertainment, healthcare, and transportation industries. IVI Checkmate's software, hardware, and professional services minimize transaction costs, reduce operational complexity, and improve profitability for its customers in the U.S., Canada and Latin America. For more information on IVI Checkmate, visit its web site at http://www.ivicheckmate.com.

This press release contains forward-looking statements subject to the safe harbor created by the Private Securities Litigation Reform Act of 1995. Management cautions that these statements represent projections and estimates of future performance and involve certain risks and uncertainties. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of certain factors including, without limitation, rapid and significant technological developments that could delay the introduction of improvements in existing products or of new products; the Company's dependence on its limited suppliers and manufacturers of component parts of its products; the Company's dependence on its proprietary technologies (which may be independently developed by competitors); the Company's dependence on a small number of large retail customers; the potential fluctuation in financial results as a result of the Company's inability to make sales to large customers as well as the volume and timing of bookings received during a quarter and variations in sales mix; competition from existing companies as well as new market entrants; the Company's dependence on key personnel; and other factors that are contained in documents that the Company files with the U.S. Securities and Exchange Commission.