ING Bank of Canada Switches to Postilion

London, UK and Toronto, Canada, 19 February 2003 - Threshold Electronics Limited (Threshold) is pleased to announce that it has entered into an agreement with ING Bank of Canada (ING DIRECT) for the provision of financial transaction switching, including both POS and Shared Cash issuer and acquirer traffic, and ABM (Automated Banking Machine) management services for ING DIRECT's national ABM network.

Threshold operates a state-of-the-art Mosaic Software's Postilion switch, which, when combined with Threshold's advanced management information and reporting systems, results in one of the most sophisticated switching and ABM management platforms available in the world today. The comprehensive Threshold service offering allows financial institutions the opportunity to break away from legacy based systems and benefit from a more efficient platform while, at the same time, gaining the ability to drive leading edge ABM technology.

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