ProgressSoft Participates as Platinum Sponsorship in MEFTEC 2010

Amman, January 19, 2010

ProgressSoft, the leading provider of real-time payment solutions, announces its participation in MEFTEC 2010, the world's premier financial technology event that will take place in Manama, Bahrain from 20-21 April, 2010.

Held under the auspices of the Central Bank of Bahrain, MEFTEC annually succeeds in gathering top notch names of the Middle East, African and South Asian financial community, offering them a bespoke learning, networking and business experience.

At this annual celebration of banking & financial technology innovations, ProgressSoft will be participating as MEFTEC Platinum Sponsor for the 5th consecutive year, the company will be presenting its most recent offerings in its areas of expertise and updating the market on its latest success stories. Along with its renowned Electronic Image-based Check Clearing solution, ProgressSoft announced that it will be showcasing new solutions in the fields of Mobile Payment, ACH and Corporate Banking.

"Our perpetual goal in MEFTEC is to present financial institutions with a window to what opportunities they can grasp by embracing ProgressSoft's most advanced solutions," expressed Miss Dareen Alkhas, Marketing Manager, ProgressSoft. "We"re particularly excited about this upcoming MEFTEC as we are embarking on a new payment paradigm and complimenting our showcase with the contemporary Mobile Payment Solution. We aim to have our expanded offering reflect in a more fulfilling experience and value to our loyal clientele and wide prospects", she affirmed.

[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 140+ banks in 22 countries around the globe, ProgressSoft provides solutions in the fields of Electronic Image-based Check Clearing, Automated Clearing House, Mobile Payments, Intelligent Signature Recognition and Real-time Settlement for Securities Trading.