PRESS RELEASES
2008   2007   2006   2005   2004   2003   2002  

September 13, 2004

LEVEL FOUR LAUNCHES NEW COMPANY AT ACE 2004, BRINGING MARKET-LEADING ATM TESTING AND DEVELOMENT TO AMERICAN CUSTOMERS

· Industry veteran Jorge Fernandez appointed president & CEO
· Level Four Americas headquarters established in Miami, Florida

Miami, Fl, 13 September 2004 - Level Four Software, the leading provider of ATM test and development software, has expanded its global footprint with the launch of a new company in the Americas. Level Four Americas LLC has been established in Miami, Florida, to bring Level Four's ATM Channel Development Suite to customers in North America, Latin America and the Caribbean.

Jorge Fernandez, the founder and former CEO of Capture Systems, a US-based company that pioneered the concept of off-premise ATMs in Latin America and the Caribbean, joins Level Four Americas as president and CEO. Having spent more than 15 years building sales, revenue and profitability with payments processing products and services Fernandez has extensive knowledge of the electronic funds transfer industry in the Americas.

"With Jorge's in-depth knowledge of the domestic ATM environment, we recognised a huge business opportunity in the Americas for Level Four's ATM test and development tools and we will now be aggressively targeting both North America and Latin America as key expansion areas," said Martin Macmillan, CEO of Level Four Software Ltd.

Jorge Fernandez, president of Level Four Americas LLC said: "No one in the Americas can currently deliver the in-depth level of ATM testing functionality that Level Four is already delivering to major banks throughout Europe and the Middle East. Level Four's tools support rapid functional changes across ATM networks and provide automated testing from the desktop. This positively impacts time to market of new functionality and delivers crucial competitive advantage for banks competing in aggressive consumer markets."

Included in Level Four's ATM Channel Development Suite of ATM testing and development tools are key components that will be of specific interest to North American retail banks. With the passing of the Check Clearing for the 21st Century Act (Check 21), that becomes effective on 28 October 2004, domestic banks will for the first time be able to accept electronic images of cheques for processing.

For banks that are considering the introduction of depositing and scanning cheques at the ATM, extensive testing of this new functionality is vital. Level Four's Cheque Processing Module will enable banks to ensure this new functionality is fully tested, before offering the service to customers.

Banks in the region, particularly in Latin America, are now starting to look seriously at chip card migration projects. The experience that Level Four has gained with major European financial institutions who have already migrated to use chip will be invaluable. Level Four has assisted some of the largest financial institutions in Europe and the Middle East achieve EMV compliance, retaining a product philosophy of responding to customer's needs. The introduction of smartcards is seen as a major advance in combating increasing levels of ATM fraud by providing additional security measures.

In addition, as domestic banks throughout the Americas migrate from existing OS/2 based legacy systems to the Microsoft Windows platform, extensive ATM network testing will be required. The ATM Channel Development Suite has inbuilt flexibility to adapt to a bank's individual demands and can integrate with any type or combination of ATM hardware and software, making it an extremely versatile test and development platform.

Level Four's Miami office will act as a hub to provide local support and training for customers implementing products within the Level Four ATM Channel Development Suite. It will facilitate product customisations and development to support the local needs of Americas customers in both English and Spanish.

Level Four is the leading independent ATM testing vendor in Europe and its ATM Channel Development Suite is fast becoming the de facto standard for ATM testing in both Europe and the Middle East. The company can cite many major banks as customers, including Royal Bank of Scotland, Abbey, Nationwide, Lloyds TSB, Den norske Bank, Banque Saudi Fransi and Samba Financial Group (SAMBA).

ACE 2004 Annual Meeting
September 12 - 15, 2004, Vancouver, British Columbia, Canada
Level Four Americas is exhibiting at ACE 2004 at Stand 16 in the Sheraton Vancouver Wall Centre Hotel, 1088 Burrard Steet, Vancouver, British Columbia, Canada. To arrange a meeting with Level Four Americas please contact ruth.brown@write-image.co.uk
For further event details please visit:
http://www.aciworldwide.com/usergroups/americas.asp

About Level Four

Level Four’s integrated BRIDGE suite of open ATM software products have been developed to address the needs of ATM deployers seeking to maximise their investment in the ATM channel. BRIDGE is targeted at banks and ATM deployers who are running, or seeking to run, a modern ATM network based on the industry-wide CEN/XFS open standard. As a true holistic offering, BRIDGE recognises the needs of ATM deployers in the areas of installation, testing and monitoring as well as run-time ATM software.

Since 1995, Level Four has built an impressive global customer base of banks and payments processors including, Royal Bank of Scotland, Lloyds TSB, National Bank of Dubai, Rabobank, LINK and Standard Bank of South Africa. Headquartered in Dunfermline, Scotland, Level Four also has offices in Dubai and Charlotte NC.


For further information contact:

Martin Macmillan
Level Four Software Ltd
Tel: +44 (0) 1383 720 118

E-mail: martin@levelfour.com

Hotwire PR
Alexandra Kedward
Tel: +44 (0) 20 7608 4633
E-mail: alexandra.kedward@hotwirepr.com