Allegiant Bank selects Mosaic Software’s Postilion Platform for ATM driving and Transaction Switching

London, UK – 9 September 2002 - Mosaic Software, the global transaction processing software provider, and Allegiant Bank, the largest bank holding company that exclusively serves the St. Louis, MO areas in the US, announced today that Mosaic Software’s industry leading Postilion software product has been chosen to provide ATM driving, as well as transaction switching and outing for Allegiant’s network of ATMs.

"The Postilion software is part of Allegiant Bank’s strategy to continually improve its technology to better serve its customers and the St. Louis community," said Shaun Hayes, President and CEO, Allegiant Bank.

The installation of Postilion to handle all aspects of ATM transaction processing and management forat Allegiant Bank’s network of ATMs will assure the maximum availability of services for their customers. In addition, Mosaic Software’s Postilion system provides Allegiant with a highly reliable, scalable and open architecture that permits easy implementation of possible new products and services to be delivered through the ATMs.

"This is an exciting opportunity for Mosaic Software to work with Allegiant Bank, a bank 'Pledged to a Better Way of Banking'. We look forward to being involved in bringing their ATM network processing in-house and to being instrumental in supporting their continued commitment to the St. Louis community," said Johann Dreyer, CEO of Mosaic Software.

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