ProgressSoft Aspires to Raising Payments Ambitions in Sibos 2006

ProgressSoft, the industry-leading provider of financial imaging solutions, is currently participating in Sibos 2006, the world's premier financial services event, taking place in Sydney from the 9th till 13th of Oct, 2006. ProgressSoft is 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 portrays rising technological trends that addresses payments ambitions of banking and financial institutions. Top-notch members of the global financial community gathering in Sidney will be witnessing the company's latest offerings of Electronic Check Clearing Solutions.

During Sibos exhibition, ProgressSoft is demonstrating 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 is also introducing 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.

Worth mentioning are ProgressSoft's other innovations the have been earning massive applaud in other financial technology events, namely PS-ASV, the Automatic Signature Verification Solution, PS-EDMS, the Enterprise Document Management Solution and PS-eTrade, the Electronic Gateway for Securities Trading Settlement.

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.