Free press releases distribution network?

Agency / Source: ProgressSoft Corporation

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!



Central Bank of Seychelles Awards ProgressSoft the Nationwide Electronic Check Clearing Project - ProgressSoft Corporation has been awarded the nationwide project for the development and implementation of the Electronic Check Clearing Solution in the Republic of Seychelles - ProgressSoft.com
Central Bank of Seychelles Awards ProgressSoft the Nationwide Electronic Check Clearing Project

 

PRZOOM - /newswire/ - Amman, Jordan, 2011/12/20 - ProgressSoft Corporation has been awarded the nationwide project for the development and implementation of the Electronic Check Clearing Solution in the Republic of Seychelles - ProgressSoft.com.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Merchant Equip./Service/ATM Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

With this project, ProgressSoft now boasts a record of 7 countrywide implementations of its solution, which, as of 2001, has been introduced as the world’s first electronic, image-based solution for clearing checks within the same day.

“It brings us a great pleasure to be awarded another country-wide Electronic Image-based Check Clearing project in Seychelles. While we are on the verge of the live run of two more country-wide Electronic Check Clearing projects in Bahrain and in Nepal, this is but an emphasis that this new award endorses our excellence and primacy within real-time payment solution providers around the globe”, expressed Mr. Michael Wakileh, CEO, ProgressSoft.

As part of their evaluation of tender proposals, delegates from the Central Bank of Seychelles visited Doha to view the live operations of ProgressSoft’s Electronic Check Clearing solution in The State of Qatar. Today, and in less than a month following that visit, ProgressSoft (progressoft.com) has been selected over giant international competitors as the preferred supplier to develop and implement its system in the Seychelles.

“We are adding this project now to a longer list of success stories for real-time payments and I am sure we will transform banking and payments in Seychelles to new paradigms. I must thank all of ProgressSoft team, as they are the true reason for winning this project “, added Wakileh.

Implementation of ProgressSoft’s solution will take place at the Central Bank, followed by all banks in the country, including Barclays Bank, Mauritius Commercial Bank, Bank of Baroda, Habib Bank, Nouvobanq, Seychelles Saving Bank and BMI Offshore Bank.

The new solution will replace the physical transportation and manual clearing sessions taking place at the Central Bank of Seychelles with an electronic exchange of check images between the Central Bank and member banks. The goal is to achieve a clearing schedule of same-day value date for deposited checks, in place of the traditional clearing process which requires several days. Electronification of inward and outward check items will also enable banks to truncate paper checks from the branch level.

The shortened clearing cycle will be beneficial to the Seychelles in that it will increase cash flows and boost economic performance. Confidence in the check as a payment instrument is expected to increase as the system will accelerate availability of bad check information and fraudulent item detection. Meanwhile, massive reductions in operational expenses incurred by manual clearing will be realized at the Central Bank and member banks.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Merchant Equip./Service/ATM Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Agency / Source: ProgressSoft Corporation

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick PRZOOM - Press & Newswire Visibility Checker

 

Distribution / Indexing: [+]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Merchant Equip./Service/ATM articles,
CATCH Visitors via Your Competitors Announcements!


Central Bank of Seychelles Awards ProgressSoft the Nationwide Electronic Check Clearing Project

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name PRZOOM - Press & Newswire and LINK as the source.
 
  For more information, please visit:
Is this your article? Activate ALL web links by Upgrading to Press Release PREMIUM Plan Now!
|
Contact: Yazan A. Goldstein - ProgressSoft.com 
+962 6 56 23 000 x21 yazan.goldstein[.]progressoft.com
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any ProgressSoft Corporation securities in any jurisdiction including any other companies listed or named in this release.

Merchant Equip./Service/ATM via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!




Read Latest Press Releases From ProgressSoft Corporation / Company Profile


Read Merchant Equip./Service/ATM Most Recent Related Press Releases:

NCR Becomes First POS and Payment Provider to Achieve EMV Certification with the Wayne iX Pay™ Secure Payment Platform
UK's TSB Bank Signs Five-Year Services Contract with NCR
NCR and Worldpay Launch Ring Up by NCR Silver™ for Micro Merchants
NCR Wins Best ATM Experience at 2017 Bank Customer Experience Tech Awards
Mashreq Bank to Deploy NCR Tablet and Video Banking Technology
NCR to Commence First Windows 10 IoT Enterprise Deployment for ATMs
Commercial Bank of Ethiopia Turns to NCR to Expand ATM Network, Improve Channel Management
Raiffeisenbank Straubing eG Embraces Digitization with the Help of NCR
NCR and DoorDash Join Forces to Simplify the End-to-End Dining Experience
NCR Simplifies Operations for Community Financial Institutions with Turn-key Managed Services

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
 
NewswireToday Celebrates 10 Years in Business
Find business coaching, life coaching, executive coaching and corporate coaching, best selling coaching books, ...



PREMIUM Members


Visit  BizJobs.com

Visit  SKS Media | SKS Associates Ltd

Visit  La Bella Bakery Artisan Bakery Arizona







 
  ©2017 PRZOOM — Limelon Advertising, Co.
Home | About PRZOOM | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneur newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today