Innobeta Systems Selects Mosaic's Advanced Transaction Processing Platform

London, UK and Deerfield Beach, FL, 24 April 2003 - Mosaic Software, the global transaction software provider, and transaction processor Innobeta Systems, Inc., announced today that Mosaic's Postilion EFT software is being used by Innobeta to handle ATM driving, settlement and reconciliation for transactions initiated at ATMs throughout their fast growing network.

Innobeta Systems, which recently announced that it has processed over 5 million transactions since beginning operations on June 12, 2002, has attributed its impressive growth rate to being able to deliver both an unsurpassed quality of service and the highest level of transaction approvals in the business. By utilising the Postilion software's advanced architecture, operating on a Windows 2000 platform, they have implemented an easy-to-use highly reliable system to manage the entire transaction process ensuring transaction integrity and accuracy. Furthermore, the Postilion software provides Innobeta the flexibility to easily add new high value transactions such as check cashing, wire transfers and pre-paid media (like phone cards or movie tickets) as required.

"The Mosaic platform offers the security, reliability, and simplicity that our customers demand in processing services," said Eric Park, Chief Financial Officer of Innobeta. "With Mosaic Software and Innobeta our customers have the ability to generate up-to-the-minute management data that lets them provide better oversight and control of their daily operations."

"It has been exciting to work with such a dynamic organisation and to be an integral part of their processing solution," stated Johann Dreyer, CEO at Mosaic Software. "We are pleased that our Postilion system was selected by Innobeta to provide the integrated functionality and support required to meet their high standards for customer service."

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