ProgressSoft to unveil Cutting-Edge ACH solutions in Sibos 2008

With four successful country-wide implementations of its world's first Electronic Image-based Check Clearing Solution and numerous bank implementations in several other countries, ProgressSoft has certainly left its mark in the Real-time Payment arena both internationally and regionally.

This year in Sibos, ProgressSoft will certainly turn heads with its all new Automated Clearing House (ACH) Solutions; PS-ACH Suite of products.

This brand new trend will change the way the financial services industry perceives payment settlements.

ProgressSoft's ACH solution, as well as the rest of ProgressSoft's products, is entirely developed in-house putting into use years of collective experience in real-time payment solutions.

During Sibos; all the PS-ACH components will be demonstrated which comprise the Automated Clearinghouse Core, PS-ACH Core, the Automated Clearinghouse Participant Gateway, PS-ACH Participant Gateway, and the Automated Clearinghouse Workstation, PS-ACH Workstation.

'ProgressSoft continued to offer innovative and state-of-the-art real-time payment solutions for the past 19 years. And now, we are excited that PS-ACH will complement our portfolio of payment solutions. It will allow us to work in partnership with financial institutions in new ways, which were not possible before. This step is in line with our vision to be the premier payment solution provider' Expressed Mr. Michael Wakileh - CEO of ProgressSoft Corporation.

ProgressSoft will also be showcasing its suite of Electronic Check Clearing solutions, including Prompt Check, the Checks' Branch Capture system, Prompt RDC, the Checks' Remote Deposit and Capturing system, Prompt ATM/CDM which secures the remote deposit of checks to ATMs and Check Deposit Machines for clearing purposes, Prompt xBorder, which clears checks across international borders, Prompt Settlement, the Clearing House check clearance system.

Conveying its expertise in signature verification and recognition technologies, ProgressSoft will also bring forth its sophisticated Automatic Signature Verification Solution, PS-ASV and its robust Financial Document Recognition Solution, PS-FDR.