Corporate Announcement

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Canada Post Uses Beanstream for Electronic Change of Address Service (ECOA).

VICTORIA, BRITISH COLUMBIA, CANADA - November 10th, 2004

Beanstream Internet Commerce, Inc. and Equifax Canada Ltd. have been chosen by Canada Post to provide the authentication technology for its Electronic Change of Address (eCOA) service. By using the eCOA service, Canadians are able to submit their change of address request from the comfort of their home 24 hours a day 7 days a week.

Beanstream's authentication service is a tiered solution which provides escalating degrees of certainty that an individual participating in a transaction is who they claim to be. At its highest levels of authentication, the Beanstream solution matches both in-wallet and out-of-wallet data provided by the consumer against information stored at Equifax and other data service providers. The information provided by the consumer is then scored and weighted against a customized decision matrix developed by Beanstream. Consumers that successfully pass this authentication process can proceed with their transaction while others are out sorted for review or asked to provided additional information for assessment. The entire process takes seconds to complete and costs a small fraction of the price of manual review processes.

"Authentication tools can be used in a variety of e-commerce and other non face-to-face applications," said Craig Thomson , CEO of Beanstream. "By integrating this security process into the actual online service offering, our merchants are able to deliver their services while increasing their security. This additional protection through authentication is a major comfort to consumers as it addresses one of their their major concerns in participating in online transactions: identity theft."

For more information on Beanstream's authentication services visit our website at http://www.beanstream.com/ or contact Beanstream at 250-472-2326.

About Canada Post

Canada Post Corporation's vision is to be a world leader in providing innovative physical and electronic delivery solutions, creating value for our customers, employees and all Canadians. By taking another look at our business, Canadians have discovered Canada Post's unparalleled ability to connect them with the people they need to reach, no matter where they live. For more than 150 years, this tradition of trust has served our country and our communities from coast to coast. In 2003, Canada Post and its subsidiaries were entrusted with some 10 billion messages and parcels for delivery to 32 million Canadians and over one million companies and public institutions. These items were processed through 25 major plants and many other facilities for delivery to more than 14 million addresses.

About Beanstream Internet Commerce Inc.

Beanstream Internet Commerce Inc. is a leading Canadian electronic payment and authentication solutions provider. Services include merchant account enablement, credit card processing, electronic funds transfer, automated clearinghouse payment processing and credit score and authentication services for both e-commerce and traditional brick and mortar businesses. Beanstream provides a wide selection of products from simple payment gateway services to full end-to-end e-commerce solutions.

Beanstream solutions work with all Canadian and US financial institutions and have been selected by more than 5000 businesses across North America. Beanstream is headquartered in Victoria, British Columbia.

Beanstream Contact:

Chris Koide
Chief Operating Officer
Tel: 250-472-2326
ckoide@beanstream.com
www.beanstream.com