Canadian Tire Financial Services Selects Mosaic Software's Postilion for EFT Transaction Switching

Canada's Most-Shopped Retailer to Install Advanced Transaction Processing Platform

TORONTO and DEERFIELD BEACH, Fla., March 25 -- Canadian Tire Financial Services (CTFS) and Mosaic Software, the global transaction software provider, announced today that Mosaic's Postilion EFT software will be installed to handle authorization switching and routing for transactions initiated throughout Canadian Tire's inter-related network of businesses.

Canadian Tire, with $7.2 billion in annual retail sales, is Canada's most- shopped retailer with more than 1,000 stores and gas bars across the country. All credit and debit card transactions performed at Canadian Tire Retail, Canadian Tire Petroleum, PartSource, Mark's Work Wearhouse and Canadian Tire Financial Services will be directed to a Postilion system for routing to the appropriate end point for authorization. In addition to providing the interfaces to numerous authorization hosts the Postilion system will manage the entire transaction in a secure environment to ensure transaction integrity and accuracy.

The Postilion system will provide the integrated functionality and support required to meet Canadian Tire's high standard of service for our customers," says Michel Petrucci, vice-president of Information Technology Products and Services. "Meeting customer needs and providing them with efficient and accurate service is a cornerstone for our organization and that Postilion system supports our customer strategy."

"We look forward to working with Canadian Tire Financial Services and are extremely proud that Mosaic Software was selected for this project," stated Johann Dreyer, CEO of Mosaic. "The opportunity to be an integral part of the payments solution for Canada's most well-known and respected retail institution is quite an honor."

Furthermore, the Postilion software's advanced architecture, operating on a Windows 2000 platform, provides CTFS the flexibility to easily add new functionality as required. The solution will be running on a Stratus(R) ftServer(R) system providing the fault-tolerant, continuous-availability platform necessary in this mission critical retail EFT environment. Vancouver, BC based INETCO Systems is providing the INETCO Datapac solution which enables Mosaic's Postilion transaction switch to communicate with both the CTFS retail POS terminals as well as external hosts and transaction networks.

About Canadian Tire:

Canadian Tire Corporation, Limited operates more than 1,000 stores and gas bars in an inter-related network of businesses engaged in retail, financial services and petroleum. Canadian Tire Retail, with 451 stores across Canada, is the country's most-shopped retailer, offering a unique mix of products and services through three specialty categories in which the organization is the market leader -- Automotive, Sports and Leisure, and Home Products. www.canadiantire.ca offers Canadians the opportunity to shop online. PartSource is an automotive parts specialty chain with 33 stores designed to meet the needs of major purchasers of automotive parts -- professional automotive installers and serious do-it- yourselfers. Canadian Tire Petroleum is one of the country's largest and most productive independent retailers of gasoline, with 209 gas bars. Mark's Work Wearhouse is a specialty retail organization of work and work-related apparel that operates 310 stores in Canada. Canadian Tire Financial Services manages related financial products and services for retail and petroleum customers, and also markets other value-added products to our customers. More than 45,000 Canadians work across Canadian Tire's organization from coast-to-coast in the enterprise's retail, financial services, and petroleum businesses.

About Mosaic Software:

Mosaic Software is a global EFT company with offices in the United States, the United Kingdom, South Africa, and Australia. The company has operations in more than 30 countries, providing leading-edge software solutions to financial institutions, mobile operators, retailers, portals, and processors worldwide. We drive payments and other financial transactions through ATMs, POS terminals, phones, and Internet access points. This multi-channel architecture provides EMV chip card enablement, debit card management, and loyalty software solutions. Mosaic Software's product, Postilion, is at the forefront of next- generation payment processing technologies. Postilion reduces transaction processing costs, improves analysis of customer transactions, and increases revenues. Mosaic Software supports the convergence between retailing, telecommunications and banking in an integrated, multi-channel and cost- effective way, adding revenue streams to financial services companies. Mosaic Software clients include 7-Eleven (US), E*Trade (US), Columbus Data Services (US), Sky Financial Group (US), Woodforest National Bank (US), Arrowhead Central Credit Union (US), Honda Federal (US), Retail Decisions (UK), Marks & Spencer (UK), Calypso (Canada), Threshold Electronics/Laser Cash (Canada), Transaction Network Services (UK), NBS (SA), MTN (SA) and others worldwide.

For an overview of the company, please visit http://www.mosaicsoftware.com/