ProgressSoft as Platinum Sponsor in MEFTEC 2011

Abu Dhabi, May 30, 2011

ProgressSoft, the leading provider of real-time payment solutions, concluded today its participation in MEFTEC 2011, the world's premier financial technology event for emerging markets, which took place in Abu Dhabi - UAE on the 30th and 31st of May, 2011.

For the 6th year in a row, ProgressSoft participated as MEFTEC Platinum Sponsor and showcased its innovative offerings in the payments domain during the event's tightly focused exhibition. The company annually seizes this opportunity to meet with its array of clients and prospects who gather to enjoy a bespoke learning, networking and business experience in MEFTEC. Reflecting its expertise in real-time payments technology, ProgressSoft showcased its renowned solutions in the fields of Electronic Image-based Check Clearing and ACH.

"ProgressSoft has been offering innovative and state-of-the-art real-time payment solutions for the past 20 years. Our variety of advanced payment solutions allowed us to move payments in the region towards new paradigms. Such a step is in line with our vision to always be the premier payment solution provider" Expressed Mr. Michael Wakileh - CEO of ProgressSoft Corporation.

Following the company's renowned success stories with its Electronic Image-based Check Clearing Solution successfully running on a nation-wide scope in 6 countries and 280 banks, ProgressSoft is currently offering even more advanced payment technologies that will enrich the services of its existing and prospect customer base.

"We are ever advancing our solutions to introduce further improvement and sophistication to payment systems across the region," expressed Ms. Dareen Alkhas, Marketing Manager - ProgressSoft. "MEFTEC is perpetually proving to be the optimal venue for us to unravel our offerings and communicate our recent accomplishments to an eager and technology-savvy audience", she added.

Live demonstrations were conducted during MEFTEC Exhibition to top-notch executives from both the Banking and Telecommunications sectors.
MEFTEC delegates expressed their keen interest in all the technologies that create a convenient, hassle-free method of payment from ProgressSoft.

[About ProgressSoft]
Established in 1989, ProgressSoft has been focusing its proficiency in Real-time Payments and Imaging technologies to deliver a set of innovative solutions tailored for the needs of the banking and financial sectors. Serving a diversified client base of 280+ banks in 22 countries around the globe, ProgressSoft provides solutions in the fields of Electronic Image-based Check Clearing, Automated Clearing House, Intelligent Signature Recognition and Real-time Settlement for Securities Trading.