ProgressSoft Announces its Platinum Sponsorship of the First of its Kind - Amman Banking Forum

Amman, March 20, 2011

ProgressSoft, the leading provider of Real-time Payments and Imaging Solutions announced today its exclusive Platinum Sponsorship of the Amman Banking Forum, which is the first event of its kind to be held in The Kingdom of Jordan by the Association of Banks in Jordan (ABJ) during the period of 20 – 21 March 2011.

Taking place at the premises of the ABJ, the Amman Banking Forum will adopt the title "Financial and Banking Stability" which will address some of the most important issues of the banking sector such as the Basel III Regulations, Comprehensive Management of Banking Risks, Combating Money Laundry and Compliance, Fighting all kinds of Fraud, Payments and Settlements Systems, as well as other issues arising at the local, regional and international banking arenas.

ProgressSoft's sponsorship of the forum is but a reflection of its commitment to endorse ABJ's initiatives and objectives of providing a unified platform for sharing ideas and discussing matters of interest and value among its member banks. "Our participation and sponsorship of this forum fosters the organization of such banking events in Jordan. As a market leader in country-wide real-time payment solutions in and outside the region we take the pride to support such an event which carries a valuable theme for this year being 'Financial and Banking Stability' ", affirmed Mr. Michael Wakileh, CEO, ProgressSoft.

ProgressSoft plays a notable role in the advancement of the local banking sector, with countrywide implementation of its Electronic Check Clearing Solution across all banks and branches in the Kingdom, in addition to operating other image-based solutions such as Signature Verification and Document Management. In ABJ's upcoming event, ProgressSoft will partake by sharing its latest offering in Payments and Settlement Systems with its contemporary Mobile Payment Solution, PS-mPay.