Abbey National Goes Live on Transoft's OptiCa$h 4.2.2

Transoft International, Inc. the industry leader in currency supply chain management solutions, announced that The Abbey National Group, the UK's sixth largest banking group as measured by assets, is live with Transofts OptiCa$h 4.2.2 Currency Management solution. As a result, Abbey National, which began its implementation in mid-May, is already leveraging the flexibility within OptiCa$h to improve its currency management process while optimizing the cost of cash throughout its network.

Cary, North Carolina, USA, August, 2002: Transoft International, Inc. the industry leader in currency supply chain management solutions, announced that The Abbey National Group, the UK's sixth largest banking group as measured by assets, is live with Transofts OptiCa$h 4.2.2 Currency Management solution. As a result, Abbey National, which began its implementation in mid-May, is already leveraging the flexibility within OptiCa$h to improve its currency management process while optimizing the cost of cash throughout its network.

We are very pleased with the professional project implementation at Abbey National. By choosing OptiCa$h, Abbey National is now experiencing the benefit of reduced costs because of our history of ramping our customers up faster than any other vendor," said Bo H. Holmgreen, president and CEO of Transoft. Through OptiCa$h, Abbey National now enjoys the best of both worlds. They have the most feature rich solution for currency management automation on the market today, and a strong relationship with Transofts industry experts jointly pursuing the maximum savings available in Abbey Nationals network."

Abbey National, which already has an outstanding record in currency management, is enthusiastic about using OptiCash in conjunction with its internal review mechanisms to drive down costs.

Edgar Rojas, Transofts Director of Development, adds: Implementing good results fast makes us proud of our OptiCa$h product line, the continued R&D put into it, and our great team building it. It stresses once again that time is of the essence: lost opportunity cost is by FAR the biggest cost component of any Currency Management project! Adding just a few months of delay to an implementation is costing banks several times the expense of the system license; often millions of dollars in savings are lost. With a proven and mature system like OptiCa$h, operational with customers across six continents, our clients are assured the fastest possible achievement of the mathematically optimal recurring savings."

About Abbey National:

Abbey National plc is the UK's sixth largest banking group as measured by assets.
Abbey National plc and its subsidiaries offer a comprehensive range of personal financial services, including savings and investments, mortgages, banking, pensions, life and general insurance products, as well as secured and unsecured lending.

Abbey National also has retail operations in France and Italy and offshore operations in Jersey, Isle of Man, Gibraltar, Portugal, Hong Kong, and Dubai.

About Transoft:
Transoft, the worlds leading provider of cash management and cost optimization solutions for the commercial banking industry, was founded in 1992 in Cary, North Carolina. Transoft develops solutions that provide true cost optimization and improved cash management procedures.
Transoft has customers spanning 6 continents, managing cash for almost 100,000 ATMs and branches. Transoft is on the Fast 50 list" of North Carolinas fastest growing IT companies. Transoft can be reached at 919-678-9192 and www.transoftinc.com.    

Contact:

Transoft International, Inc.
919-678-9192
Roger.Baldridge@transoftinc.com

Abbey National
Alastair Glenn
Media Relations
Email: alastair.glenn@abbeynational.co.uk
Tel: +44 (0) 20 7756 4194