Banking Software News:

DirectCash Invests in Banking System

Toronto, Canada – December 12, 2007: Strategic Information Technology Limited (“SIT”) is pleased to announce that DirectCash Management Inc. (“DirectCash”) has chosen the Portfolio Plus banking platform to facilitate and expand its existing transaction processing capabilities.

“We’re going to leverage our market position as Canada’s largest ATM provider to deliver additional financial services to our customers,” says Susan Gallacher, VP of DirectCash Management Inc. “We needed a banking system that can accommodate our future strategy and chose Portfolio Plus to help us execute that strategy.”

Portfolio Plus offers a Plug-In Banking^TM platform that is affordably priced and scalable for large or small deployments. Installations of Portfolio Plus can include modules for web banking, loans, mortgages, term deposits, investments, accounting, retail banking, CANNEX, FundSERV, ATM/POS switch interfaces, and more.

“DirectCash has been very successful and a strong market position. We are looking forward to helping them continue to deliver innovative products and services,” said G. Robert Leeming, President of SIT.

About DirectCash

DirectCash is the largest branded ATM provider in Canada operating over 5,300 ATMs coast to coast and is one of Canada’s leading providers of point of sale terminals and prepaid debit and credit card programs.

About Strategic Information Technology Limited

SIT, formed in 1988, develops and markets Portfolio Plus, an extensible banking system that enables customers to plug-in new functionality as required. This is accomplished via SIT's unique Plug-In Banking^TM architecture and a Financial Services Bus^TM that extends Portfolio Plus functionality to other corporate applications. SIT's banking software enables banks and non-banks to offer web banking, loans, loan securitization, investments, term deposits, wealth management, retail, ATM/POS switch interfaces for debit/credit or loyalty products, leasing, Equifax and Trans Union credit bureau interfaces, registered investment products, and much more. Portfolio Plus can also be tailored, on request, to meet specific customer requirements.

Portfolio Plus, Plug-In Banking and Financial Services Bus are trademarks or registered trademarks of SIT in the U.S., Canada and other countries. Any other trademarks or service marks contained herein are the property of their respective owners.

For more information:
Patrick Lannigan
Strategic Information Technology
Telephone: 905-640-0808 x356
Email: patrickl@stratinfotech.com