ProgressSoft Participates as Platinum Sponsor and Technology Presenter in Amman Banking Forum

Amman, March 20, 2011

ProgressSoft, the leading provider of Real-time Payments and Imaging Solutions concluded yesterday its participation, as the exclusive Platinum Sponsor, in Amman Banking Forum (ABF), which is being held by the Association of Banks in Jordan (ABJ) on 20 – 21 March 2011 at the association's premises.

Devised under the title "Financial and Banking Stability", the forum addresses 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, Payments and Settlements Systems, as well as other issues arising at the local, regional and international banking arenas

On the first day of the forum, ProgressSoft's CEO, Mr. Michael Wakileh, conducted a presentation about the Collaborative Mobile Payment Solution. During the presentation, Mr. Wakileh managed to touch on the potential and importance of this urgently growing payment channel, while describing the model by which this technology can be successfully adopted on a nationwide level in countries like Jordan.

ProgressSoft's sponsorship of ABF 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. Wakileh.

ProgressSoft plays a notable role in the advancement of the local banking sector, with countrywide implementations of its Electronic Check Clearing Solution across all banks and branches in the Kingdom, in addition to similar implementations in 4 other countries. The company also operates other payments and image-based solutions such as Automated Clearing House (ACH) Payment, Signature Verification and Document Management solutions.