Company Releases First Commercially Available Implementation of STIP Version 2.2 Development Environment Based on JavaT Technology

SAN MATEO , California - January 24, 2005 -- CardSoftT today announced availability of the latest release of the company's eApplianceT STIP Platform (eASP) for developing and deploying secure and cost-effective payment applications on EFT/POS (electronic funds transfer/point-of-sale) devices.

With this new software release, CardSoft strengthens the company's lead in payment systems with the first commercially available development environment based on version 2.2 of the STIP (Small Terminal Interoperability Platform) technology endorsed by GlobalPlatform, the global leader in smart card infrastructure development .

The eAppliance STIP Platform significantly reduces development and support costs for payment solutions by enabling developers to write applications that run across a range of STIP-enabled payment terminals without modification. Developers can support the same application from one generation of terminal to the next and ensure software investment protection.

"CardSoft is delivering on the promise of the company's STIP technology to reduce application development costs for payment systems providers," said Don Sweet , CEO and President of CardSoft. "The eAppliance STIP Platform provides a much more productive environment based on Java technology and significantly improves time-to-market for new payment applications." The platform integrates with Borland® JBuilder®, the leading Java integrated development environment.

The eAppliance STIP Platform transforms EFT/POS payment terminals into multi-function commerce devices running multiple, secure applications. Traditional credit/debit/ATM card transactions can run securely side-by-side with other STIP-based applications such as customer loyalty.

Shipment of CardSoft eASP version 1.2 begins this month. For more information, contact sales@cardsoft.com or telephone 650-357-7222.

About CardSoft

CardSoft is a leader in the development of software technology for enabling secure transactions on small computing devices. With the company's eAppliance solution, CardSoft has succeeded in establishing a common programming environment for a wide range of small electronic devices reflecting the "write once, run anywhere" philosophy of Java technology. CardSoft is located in California 's Silicon Valley with additional offices in Asia and Canada . CardSoft is a member of the the FINREAD Consortium ( www.finread.com ), and the J-Consortium ( www.j-consortium,org ). All CardSoft brands and products are trademarks of CardSoft, Inc. in the United States and other countries. All other marks are the property of their respective owners.