CashEdge Announces Agreement With TD Canada Trust to Offer Online Account Aggregation Service; Will Enable Customers to View Their Financial Information At One Secure Site

Business Wire, Oct 16, 2001

Business Editors

NEW YORK & TORONTO--(BUSINESS WIRE)--October 16, 2001

TD Canada Trust and CashEdge Inc. today announced the signing of an agreement which will provide a comprehensive financial account aggregation service to TD Canada Trust's Internet banking customers. The aggregation service will be piloted early next year.

The service will provide TD Canada Trust customers secure, one-stop access to their on-line banking and investment accounts at different institutions, including chequing, savings, brokerage and credit card accounts.

Sanjeev Dheer, CEO of CashEdge, stated, "Using our aggregation technology, TD Canada Trust will provide its customers with the convenience of having their on-line financial information in one place so they can easily see a summary of their individual accounts and financial status," said Sanjeev Dheer, chief executive officer of CashEdge.

"Aside from the convenience of having their own personal financial `hub,' TD Canada Trust customers will enjoy the comfort of dealing with the bank they already have a relationship with and that they know will ensure the privacy and security of their information," he said.

"Customers have let us know they like the convenience, choice and flexibility of our industry-leading electronic banking options. Offering customers access to both their TD and non-TD accounts in one secure place will enhance our ability to continue to deliver a comfortable on-line banking experience", said Chuck Hounsell, Senior Vice president, e.Bank, TD Canada Trust.

Gomez Inc, the Internet Quality Measurement Company, ranked TD Canada Trust the number one Internet Banking service in Canada in August 2001. In 2001, TD Canada Trust was ranked the overall winner in Quicken.ca's third annual Online Banking Report. TD Bank and Canada Trust were overall winners in 2000 and 1999 respectively.

About TD Canada Trust

A member of the TD Bank Financial Group, TD Canada Trust is Canada's leading retail bank. In Canada and around the world, TD Bank Financial Group serves approximately 13 million customers in five key areas: personal banking, commercial banking, discount brokerage, investment management and investment banking. With more than 3.5 million online customer accounts worldwide, TD Bank Financial Group ranks among the top financial services firms in the world as measured by online accounts. For more information, visit www.td.com.

About CashEdge, Inc.

CashEdge delivers personal finance management solutions to financial institutions and portals worldwide. The company's technology combines the power of information aggregation with transaction capability, allowing consumers to transfer funds between accounts at over 23,000 financial institutions throughout the US. CashEdge was founded in November 1999 and has headquarters in New York City and Milpitas, CA. The company's clients include Laurentian Bank of Canada, Royal Bank of Canada, The Vanguard Group and Yahoo! Finance. For more information, please visit www.cashedge.com.