News

E*TRADE to use Mosaic's Postilion platform

January 30, 2002

PORTLAND, Ore. -- E*TRADE Access Inc., a wholly owned subsidiary of E*TRADE Group Inc. (NYSE: ET), has signed on to use Mosaic Software's Postilion platform to enhance the performance of its E*TRADE ATM network.

According to E*TRADE Access, Postilion will enhance efficiencies by providing a more streamlined environment for processing and monitoring transactions. Immediate upgrades include a new on-screen transaction interface.

By implementing Mosaic's Postilion system, E*TRADE Access also is taking a first step to creating the first ATM network that will provide customers with access to both E*TRADE Bank accounts and E*TRADE Securities brokerage accounts. Mosaic's Postilion will route transactions in a secure environment, connecting E*TRADE Bank, E*TRADE Securities and the E*TRADE Access ATM terminal.

Integration of the Postilion system into the E*TRADE ATM network also lays the groundwork for future development of advanced ATM functionality, said Doug Steck, head of E*TRADE Access. "This transitions the machines into a next-generation network of ATMs with Windows NT-based operating systems."

"Working with E*TRADE Access represents an exciting opportunity to provide a system that addresses both physical and virtual financial worlds," said Johan Dreyer, executive chairman of Mosaic Software.