ProgressSoft Excels in Raising Payments Ambitions in Sibos 2006

Sydney, October 31, 2006

ProgressSoft, the industry-leading provider of financial imaging solutions, concluded a fruitful participation in Sibos 2006, the world's premier financial services event which took place in Sydney from the 9th till 13th of Oct, 2006. ProgressSoft was present as one of the HP partners featuring National Payments Solutions.

An annually held conference and exhibition, Sibos is a prestigious consortium of the world's top financial institutions and technology vendors. Coming in line with Sibos 2006 theme "Raising Ambitions", ProgressSoft's showcase portrayed rising technological trends that address payments ambitions of banking and financial institutions.

During Sibos exhibition, ProgressSoft demonstrated 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 also introduced 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.

Top-notch members of the global financial community gathering in Sydney witnessed the company's latest offerings of Electronic Check Clearing and Automatic Signature Verification Solutions. ProgressSoft's stand visitors included a large number of banks and Central Banks who were considerably intrigued with the showcased solutions. While succeeding in conveying ProgressSoft's technology, the event was concluded with promising business and partnership endeavors with many prominent financial institutions.

[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 or contact us through the following connections:

Dareen Alkhas
Marketing Executive
ProgressSoft Corporation
Tel: (962-6) 5623000
Email: [email protected]