Toronto-Dominion Bank Places Orders Totaling CDN$1 Million For IVI Checkmate Products.

ROSWELL, Ga./TORONTO--(BUSINESS WIRE)--Sept. 10, 1998--

IVI Checkmate Continues To Build Market Strength

in Canada with New Banking Relationship

IVI Checkmate Corp. (Nasdaq-NMS:CMIV; TSE:IVC) today announced that it has received an order totaling CDN$1 million from The Toronto-Dominion Bank ("TD") for IVI Checkmate's eN-Scribe 612 printers and integrated Pospad terminal solutions.

As a result, IVI Checkmate now has direct business relationships with all the major banks in Canada. These relationships accounted for approximately 90% of IVI Checkmate's 1997 sales in Canada.

"We are delighted to have the opportunity to expand our business relationship with the TD Bank," said Barry Thomson, President and CEO of IVI Checkmate. "Their selection of our eN-Scribe printers and Pospad terminal solutions is another strong endorsement for IVI Checkmate's hardware and software technology and further demonstrates the success of our product development initiatives. Being able to provide total end-to-end solutions to our customers is a key objective as we strive to establish IVI Checkmate as the industry leader in automated payment transactions."

In the past, IVI Checkmate was limited to being a reseller of impact printers. Through a strategic move in 1997, IVI Checkmate developed its own family of printers using thermal printing technology. With thermal printers, retailers can issue multiple copies of receipts faster and quieter, with more reliable printing than conventional point-of-sale printers. Furthermore, thermal printers, such as IVI Checkmate's eN-Scribe 612, which use direct thermal dot matrix technology, enable retailers to reproduce directly onto receipts their corporate logos, promotional theme logos and even coupons.

The Canadian market has been quick to adopt the new eN-Scribe printers over printers using impact technology. Mr. Thomson noted that in less than one year since its introduction, the success of the IVI Checkmates eN-Scribe thermal printers has been demonstrated through the commitments by the 7 major chartered banks in Canada to this new printing solution.

Another significant factor of the TD order is the continuing adoption and transition, by six of the major Canadian financial institutions, towards IVI Checkmate's integrated Pospad terminals, which is being used by many Canadian retailers coast to coast. The Pospad terminal is a versatile payment terminal capable of handling debit and credit, frequent buyer programs and EBT/EFT transactions. Compatible with IBM, NCR and PC-based electronic cash registers, integration of this terminal allows for high performance while providing comprehensive internal security for encryption and decryption of transmitted data.

Since the introduction of debit transactions in 1994, the use of debit has grown rapidly. According to Interac, Canadians "swiped the stripe" a record-breaking one billion times in 1997, and 1998 transactions are already higher than expectations. The use of debit in Canada has surpassed the use of credit cards and checks for three years, and is quickly closing in on the use of cash. As new applications are introduced at specially self-service terminals, such as kiosks and gas pumps, and new wireless technology is incorporated into payment solutions, retailers are expected to expand their electronic payment solutions to capture part of this growing phenomenon.

"Our relationship with TD is just another example of our continuing strength in the Canadian marketplace," said Geoff Bowen, VP Canadian Sales, IVI Checkmate. "We placed great value on our banking relationships, and we are fortunate to be in a position that, with support from our banking partners, we are able to help develop the Canadian landscape for electronic payment transactions."

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 U.S., Canada and Latin America. Our innovative automation payment solutions are used in handling electronic payment transactions and electronic benefits transfer, serving the retail, financial, hospitality, banking, healthcare and transportation industries. With offices in the U.S. 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 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, President & CEO

416/245-6700

or

John J. Neubert, CFO/Executive Vice President

770/594-6000