NationsBank Orders Establish IVI Checkmate's Entry into U.S. Retail Bank Automation Market.

ROSWELL, Ga. and TORONTO--(BUSINESS WIRE)--July 14, 1998--IVI Checkmate Corp. (Nasdaq-NMS:CMIV; TSE:IVC) announces its entry in, and focus on, the US retail banking market, securing a significant order from NationsBank for CMR 430 check readers.

The CMR 430 check reader is being installed in multiple banking offices throughout the NationsBank franchise. A NationsBank spokesperson states, "NationsBank, along with other banks, are committed to reducing counterfeit fraud losses. The addition of the CMR 430 adds value to current risk management practices at the teller line by detecting and deterring these items. We will continue to deploy these devices in key banking centers throughout our regions during 1998."

Following a successful venture in the Latin American retail banking market with over $6 million in check readers sold over the last 30 months, IVI Checkmate began strong marketing and sales campaigns to reach the U.S. retail banking market with its complete product line. Gregory A. Lewis, president and chief operating officer of IVI Checkmate's US operations, says, "We are proud of the association with NationsBank and our ability to assist with Risk Management solutions for the teller lanes while enhancing teller productivity and accuracy. We hope to bring to the US retail banking market the same success in detecting counterfeit checks and improving teller productivity as our Latin American banking partners have enjoyed over the last two years."

Security remains the primary reason to purchase IVI Checkmate products over those of their competitors (counterfeit fraud detection, deterrence, and PIN identification). IVI Checkmate products in banking environments have also proven to increase branch teller productivity, and to enhance customer service. With many successful international and US installations in the banking industry, IVI Checkmate is poised to provide solutions for this emerging market segment.

IVI Checkmate already dominates the large retail marketplace. The company has solutions installed in over 70 of the top 100 retailers. IVI Checkmate's population of check readers exceeds 500,000 units. By leveraging their expertise in the banking market segment, IVI Checkmate will supply check solutions, PIN recognition, and electronic signature security systems to a market which has more than 400,000 teller lanes seeking productivity and security solutions. IVI Checkmate is the first company to perfect `customer interaction at the point of sale'. IVI Checkmate's customer-activated payment terminals and software solutions provide an outstanding experience for tellers and customers, at an excellent investment cost for merchants. Covering all payment types, IVI Checkmate offers solutions for check, credit, debit, EBT, and Smart Card transaction processing together with electronic advertising, electronic couponing, and loyalty programs.

International Verifact Inc. of Toronto, Canada, and Checkmate Electronics, Inc. of Roswell, Georgia, united to form IVI Checkmate Corp., the third largest electronic payment solutions provider in North America. IVI Checkmate is a full-service solutions provider in the US, Canada and Latin America. Our innovative automation payment solutions are expert in handling electronic payment transactions such as check, debit, credit, smart card and electronic benefits transfer, serving the retail, financial, hospitality, banking healthcare and transportation industries. With offices in the US and Canada and established strategic alliances and partnerships worldwide, IVI Checkmate is well positioned to deliver leading products and global technologies to our customers.

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, the Company's heavy reliance on check readers in its product mix; the Company's dependence on its limited suppliers and manufacturers of component parts of its products; 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 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; and, the Company's dependence on key personnel.

CONTACT: IVI Checkmate Corp.

L. Barry Thomson, 416/245-6700

or

IVI Checkmate Corp.

John J. Neubert, 770/594-6000