IVI Checkmate Announces Wireless Terminal Order From Scotiabank.

ATLANTA/TORONTO--(BUSINESS WIRE)--Sept. 16, 1999--

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Scotiabank's National Rollout Of Elite 780 RF Terminals

Positions IVI Checkmate as the Leader in

Wireless Portable Payment

IVI Checkmate Corp. (NASDAQ: CMIV); (TSE: IVC/IVI), announced today that Scotiabank is rolling out its Elite 780 RF mobile point-of-sale terminal service across Canada with an initial order of 3,000 terminals. The wireless portable terminal will be marketed under Scotia's 2020 Mobile solution platform to retailers and service providers that need to take electronic payment to the customer. Scotiabank will make these terminals available through it's branches across Canada.

Albert Wahbe, Scotiabank's Executive Vice President of Electronic Banking, stated, "We are proud to announce that Scotiabank is the first financial institution in Canada to make wireless portable payment available on a national basis. It is all part of our ongoing commitment to providing consumers with anytime anywhere access to their financial services." Wahbe added, "The Elite 780 RF will enable companies operating outside the traditional storefront to accept debit and credit in a secure and easy-to-use format."

The Elite 780 RF is a portable, lightweight, long-range radio frequency, transaction terminal capable of handling secure debit, credit, loyalty, EBT and chip card based transactions. It comes complete with rechargeable batteries and an integrated thermal receipt printer, and can handle hundreds of transactions before recharging is required. These completely wireless terminals can complete an authorized debit or credit transaction in less than ten seconds using the Cantel(R) AT&T(TM) Mobitex(TM) data network - a dedicated data transmission network.

Geoff Bowen, Vice-President of IVI Checkmate's Sales and Marketing in Canada, said, "Our partnership with Scotiabank has enabled IVI Checkmate to bring electronic payment solutions directly to the consumer. Many traditional retailers have told us that they need to accept payment for goods and services remotely. Additionally, service and delivery companies that have incurred incremental cost and risk because a secure payment method was not available are also excited about the Elite 780 RF mobile point-of-sale terminal." Bowen adds, "This announcement reinforces our leading market position and opens a new market segment with a 100,000 unit potential to IVI Checkmate."

Scotiabank is one of North America's premier financial institutions, with more than $227 billion in assets and approximately 41,000 employees worldwide. It is also Canada's most international bank with more than 1600 branches and offices in more than 50 countries on six continents. Scotiabank is on the World Wide Web at www.scotiabank.ca.

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 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.