IntraNet Worldwide Signs Distributorship Agreement with FSS India; Int

    Business Editors

    NEWTON, Mass.--(BUSINESS WIRE)--March 28, 2005--IntraNet Worldwide, the industry leader in international and domestic corporate financial messaging and payment processing solutions for financial institutions, today announced a distributorship agreement with India-based Financial Software & Systems, Ltd. (FSS). Leveraging FSS' local business acumen, domain expertise, language and cultural exposure, the partnership enables IntraNet Worldwide to offer its well-established software product line to financial institutions in India. The agreement also expands IntraNet's Asia-Pacific presence, which already includes customers in Australia, New Zealand and Thailand.
    "By asset size, 18 percent of the world's top 100 banks are headquartered in the Asia-Pacific region and the financial services industry in this area continues to grow at an exponential rate," said Paul D. Morris, senior vice president of IntraNet Worldwide. "Our agreement with FSS will enable us to bring our leading financial messaging and payment processing solutions to banks in Mumbai and other regional centers including New Delhi, Calcutta, Chennai, Hyderabad and Bangalore."
    The arrangement also complements existing relationships between FSS and IntraNet's two sister companies, ACI Worldwide and Insession Technologies, a key factor in IntraNet's decision to partner with FSS.
    Nagaraj Mylandla, managing director at FSS, echoes these remarks, pointing out that he sees IntraNet's as a solution to expand his company's product offering into wholesale high-value payments. "We look forward to partnering with IntraNet to leverage our strong presence in the retail/consumer banking payments set, with the industry's most advanced international and domestic corporate financial messaging and payments processing solutions."
    IntraNet's flagship global payment engine, iMTS is designed to meet the varied payment processing needs of the corporate/correspondent banking industries worldwide and is driving efficiency in the back office. IntraNet solutions are installed in financial business units around the world. Twenty-three of the top 100 world banks (based on asset size) and 41 of the top 100 U.S. banks leverage IntraNet's iMTS software to move money, settle multiple currencies and streamline operations.

    About Financial Software & Systems, Ltd.

    Founded in 1991, FSS has spearheaded the ePayments industry in India. The company, headquartered in Chennai, has established itself as a market-leader and is a provider of software and services for payments processing in India and overseas.
    Starting out as distributors of ACI products including the flagship switching solution BASE24 which has a customer base of over 17 banks in the Indian region, today FSS provides software services and software development to customers in India and overseas. With more than 300 employees and a substantial client base of over 25 banks, FSS is rapidly expanding its footprint to offer products and services to banks, software vendors and other customers worldwide.
    FSS partners with some of the world's leading software and hardware vendors to bring cutting edge technology solutions to banks and financial institutions in India and across the globe.
    Leveraging its extensive domain knowledge in Payment Processing and Transaction Switching across various touch points, highly skilled software development and implementation resources, enduring partnerships with global technology leaders, and a world-class IT infrastructure, FSS partnership with IntraNet a leader in wholesale payments and message processing solutions is yet another opportunity to bring to the Indian banks technology that is proven.
    With the Reserve Bank of India, the governing financial authority, putting RTGS policy and systems in place, Indian banks are already seeking wholesale Payment Hubs and Liquidity Management systems. The FSS IntraNet partnership is a welcome move towards this direction. For more on FSS visit www.fss.co.in

    About IntraNet Worldwide, Inc.

    IntraNet Worldwide Inc. is the industry leader and "global custodian" in international and domestic wholesale payments and message processing solutions for financial institutions. The success of the company's solutions reflect the company's strong heritage built through 25 years of real-time and proven experience in developing and delivering business-critical banking systems. Many of the world's largest financial institutions use IntraNet Worldwide software to move money, settle multiple currencies, and streamline back office operations. Headquartered in Boston, MA, IntraNet Worldwide employs 145 people across offices in the United States and United Kingdom, with representatives in Bangkok, Brussels, Frankfurt, Sydney, Tokyo and Toronto. IntraNet Worldwide is a business unit of Transaction System Architects (Nasdaq:TSAI), a leading international provider of enterprise e-payments software and services, and sister company of ACI Worldwide. Additional information can be found at www.intranet.com.

    Any statements in this press release regarding projected results are preliminary and "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. In addition, this press release may contain other forward-looking statements including statements regarding Transaction Systems Architects, Inc.'s ("TSA"), its subsidiaries or third parties' expectations, predictions, views, opportunities, plans, strategies, beliefs, and statements of similar effect. The forward-looking statements in this press release are subject to a variety of risks and uncertainties. Actual results could differ materially.
    For a detailed discussion of these and other risk factors, interested parties should review the Company's filings with the Securities and Exchange Commission, including the Company's Form 10-Q filed on May 17, 2004, the Company's Form 10-Q filed on August 11, 2004, the Company's Form 10-K filed on December 14, 2004, and the Company's Form 10-Q filed on February 8, 2005.

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CONTACT: IntraNet Worldwide, Inc. Alynn W. Atherton, 617-796-3121 Fax: 617-527-6779 E-mail: athertona@tsainc.com

KEYWORD: NEBRASKA MASSACHUSETTS INDIA THAILAND AUSTRALIA NEW ZEALAND INTERNATIONAL ASIA PACIFIC INDUSTRY KEYWORD: BANKING SOFTWARE MARKETING AGREEMENTS SOURCE: IntraNet Worldwide, Inc.

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