ProgressSoft Aspires to Raising Payments Ambitions in Sibos 2006

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ProgressSoft, the industry-leading provider of financial imaging solutions, announced today that it will be participating in Sibos 2006, the world's premier financial services event, taking place in Sydney from the 9th till 13th of Oct, 2006.

An annually held conference and exhibition, Sibos is a prestigious consortium of the world's top financial institutions and technology vendors. This year, Sibos is drawing over 100 speakers and 150 exhibiting companies and more than 2,100 participants registered to date.

ProgressSoft will be present at Sibos, 2006 as one of the HP partners featuring National Payments Solutions. Top-notch members of the global financial community gathering in Sidney will be witnessing the company's latest offerings of Electronic Check Clearing Solutions. Coming in line with Sibos 2006 theme "Raising Ambitions", ProgressSoft's showcase will portray rising technological trends that addresses payments ambitions of banking and financial institutions.

During Sibos exhibition, ProgressSoft will be demonstrating PS-ECC; the world's first Electronic Check Clearing Solution that claimed worldwide attention, with several successful implementations notched on its belt. Complementing this innovation, ProgressSoft will also introduce the PS-ECC Suite of Electronic Check Clearing products. Each serving a precise facet of the check clearing cycle, the Suite solutions cater to the individual check clearing needs of banks and clearing house units and also provide cross border check clearing. PS-ECC Suite products extend to include electronic check statement presentment, as well as proposing expedited approaches to Remote Deposit Capture from corporate locations, Point-of-Sales and Check Deposit Machines.

Worth mentioning are ProgressSoft's other innovations the have been earning massive applaud in other financial technology events, namely PS-ASV, the Automatic Signature Verification Solution, PS-EDMS, the Enterprise Document Management Solution and PS-eTrade, the Electronic Gateway for Securities Trading Settlement.

About ProgressSoft
Committed to a boundless aspiration towards innovation since its inception in 1989, ProgressSoft has been leveraging the latest in imaging technology to deliver an impressive suite of intelligent solutions to the financial world. Today, ProgressSoft has consolidated its position as the new household name in the banking industry, claiming an active role in shaping the future of a technology-driven era of electronic financial services.

For more information about ProgressSoft, please don't hesitate to visit us at www.progressoft.com or contact us through the following connections:

Dareen Alkhas
Marketing Executive
dareen.alkhas@progressoft.com
Dir Tel: +962-6-5623 000 Ext: 211

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