Duplicate Payment Finder™ strengthens Accounts Payable Audit at Translink
FISCAL Technologies Provides An Effective Cost Recovery System

READING, UK. – 4th February, 2008 - FISCAL Technologies, providers of world class duplicate payment detection software and services, today announced that Translink, Northern Ireland's integrated bus and rail public transport company, has selected FISCAL’s Duplicate Payment Finder™. This has been used to strengthen existing internal system controls, by completely automating the detection of duplicate payments.

Translink’s Treasury Manager, John Keys said “Our existing Accounting systems and processes catch most overpayments, however by integrating Duplicate Payment Finder™ into our business we have enhanced controls further by harnessing a technological driven control which was previously executed manually”. John went on to say “We now use Duplicate Payment Finder™ before we make a payment run which reduces the people cost associated with the manual approach and it now plays an important role in maintaining an effective control environment. There is no question that the software represents excellent value for money.”

Duplicate Payment Finder™ is designed to be easily used by anyone in Accounts Payable & Treasury and can find duplicates within an hour of installation. Using specialist search algorithms and sophisticated pattern matching techniques that have been proven over the last 5 years, the software application generates detailed reports of overpayments. More importantly it helps identify ways that can improve internal controls to avoid future duplicate payments.

David Griffiths, FISCAL’s Director of Customer Development, says “We are very pleased to have Translink as a customer, as they already had good well established Accounts Payable controls, which goes to prove our unique solutions offer significant additional benefits, that provide an excellent return on investment for any Finance Manager”

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About FISCAL Technologies
FISCAL Technologies Ltd, founded in 2002, provides world class duplicate payment software to corporations, financial institutions and banks. Organisations trust these solutions to meet their needs for cost reduction, fraud detection and optimisation of working capital.
Duplicate Payment Finder™ ™ locates duplicate payments and incorporates some of the industry’s best algorithms and pattern matching technology. It has been used to scan hundreds of millions of payments across the globe. For more information, please visit www.fiscaltechnologies.com.

FISCAL Technologies, Duplicate Payment Finder™ and the FT logo are trademarks of FISCAL Technologies Ltd. which may be registered in certain jurisdictions.  All other brand/product names are trademarks of their respective holders.

Media Contacts:
PR Manager
FISCAL Technologies
+44 (0)845 680 1905
smarterpr[at]fiscaltechnologies.com                                                                 

Cautionary Language
This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995.  Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors.  Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are competition, market demand, technological change, strategic relationships, recent acquisitions, international operations and general economic conditions.