ProgressSoft Ends a Successful Participation in Sibos 2009 - Hong Kong

Hong Kong, September 27, 2009

ProgressSoft, the industry-leading provider of real-time payments and imaging solutions, concluded a fruitful participation in Sibos 2008, the world's premier financial services event which took place in Hong Kong from the 14th till 18th of September, 2009.

Attracting the industry's leading figures and companies, Sibos has been attended by around 5,000 delegates and exhibitors. For the 5th year, ProgressSoft managed to maintain its exceptional presence, boasting the latest in payments and imaging solutions, as well as offering its guests a pleasant atmosphere during its trademark end-of-day violin entertainment.

Top notch executives from over 130 commercial banks, financial institutions and Central Banks from Europe, US and the Far East visited ProgressSoft's booth. Guests included representatives from Central Bank of Congo, Nepal Clearinghouse Limited (NCHL), Central Bank of Botswana, Reserve Bank of New Zealand, Standard Chartered, Asia Universal Bank, Central Bank of Russian Federation, Agricultural Bank of China, Central Bank of Slovenia and Kenya Commercial Bank, and many more. All witnessed technology-savvy presentations and live-demonstrations of the showcased solutions, such as PS-ACH which aims to change the perception of the payments arena towards a fully electronic and automated settlement approach, as well as the PS-ECC Suite of Electronic Image-based Check Clearing solutions which have been experiencing four successful country-wide implementations.

The Automated Signature Verification and Recognition Solution, PS-ASV also garnered admiration of a substantial number of attendees from various types of institutions alongside the financial services firms, many of which showed keen interest in potential partnership opportunities with ProgressSoft to deploy PS-ASV.

[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 with a diversified client base extending to 140 banks in 22 countries around the globe including the US, Canada, the UK and Germany.

ProgressSoft specializes in Real-time e-payment solutions offering Electronic Image-based Check Clearing, Real-time Settlement for Securities Trading, and ACH - Direct Debit and Direct Credit - solutions, and also excels in Image Capture technologies embedded in its Intelligent Signature Recognition and the Financial Document Recognition solutions.

For more information about ProgressSoft, please visit or contact us through the following connections:

Yazan A. Goldstein
Corporate Communications Executive
ProgressSoft Corporation
Tel: (962-6) 5623000 Ext. 211
Email: [email protected]