ProgressSoft as Platinum Sponsor in MEFTEC 2011

Amman (I-Newswire) June 1, 2011 - For the 6th year in a row, ProgressSoft participated as MEFTEC Platinum Sponsor and showcasing its innovative offerings in the payments domain during the event’s tightly focused exhibition. The company annually seizes this opportunity to meet with its array of clients and prospects who gather to enjoy a bespoke learning, networking and business experience in MEFTEC. Reflecting its expertise in real-time payments technology, ProgressSoft showcased its renowned solutions in the fields of Mobile Payment, Electronic Image-based Check Clearing and ACH.

"ProgressSoft has been offering innovative and state-of-the-art real-time payment solutions for the past 20 years. Our Mobile Payment Solution - our Jewel of the Crown - complemented our portfolio. It allowed us to move payments in the region towards new paradigms. Such a step is in line with our vision to always be the premier payment solution provider" Expressed Mr. Michael Wakileh – CEO of ProgressSoft Corporation.

Following the company’s renowned success stories with its Electronic Image-based Check Clearing Solution successfully running on a nation-wide scope in 6 countries and 280 banks, ProgressSoft is currently offering another state-of-the-art payment innovation; the Mobile Payment Solution, PS-MPay. Recognizing Mobile Payment as an expediently evolving paradigm, ProgressSoft is now presenting to the market PS-MPay, which allows customers to conduct money payment transactions using their hand-held mobiles and smart phones.

“We are ever advancing our solutions to introduce further improvement and sophistication to payment systems across the region,” expressed Ms. Dareen Alkhas, Marketing Manager - ProgressSoft. “MEFTEC is perpetually proving to be the optimal venue for us to unravel our offerings and communicate our recent accomplishments to an eager and technology-savvy audience”, she added.

Live demonstrations of this solution were conducted during MEFTEC Exhibition to top-notch executives from both the Banking and Telecommunications sectors.
MEFTEC delegates expressed their keen interest in this technology that creates a convenient, hassle-free method of payment.

About ProgressSoft Corporation:
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 280+ banks in 22 countries around the globe, ProgressSoft provides solutions in the fields of Real-time ACH payments, Electronic Image-based Check Clearing, Intelligent Signature Recognition and Real-time Settlement for Securities Trading.

Company Contact Information
ProgressSoft Corporation
Yazan A. Goldstein
87 Queen Rania Street
11941
Phone : 962 6 56 23 000