Large Consumer Bank Signs Six-Figure Deal with Top Image Systems for MobiCHECK
Top Image Systems, Ltd
2 Habarzel Street
Tel Aviv, 69710
Press release date: October 7, 2013
Top Image Systems Selected to Provide Mobile Remote Deposit Capture Solution to Major Bank in Israel
TEL AVIV — Top Image Systems Ltd. (Nasdaq:TISA) a leading ECM (Enterprise Content Management) and BPM (Business Process Management) and mobile image processing solutions provider, announced that the Company has signed a six-figure contract with a major Israeli bank for the MobiCHECK Mobile Remote Deposit Capture solution. Top Image Systems' technology will enable the bank's customers to deposit checks using the camera on their mobile device. MobiCHECK ensures the capture of high-quality check images, validates both images and data on the handset and integrates smoothly with the mobile banking platform of choice. Deploying MobiCHECK, the bank gains both efficient, economical check processing as well as higher customer satisfaction and retention. In the current deal the bank selected Top Image Systems for its global banking experience, proven technological capability and the maturity and readiness of its packaged mobile solution.
Top Image Systems has enhanced mobile remote deposit capture by significantly improving user experience with its Automatic Perfect Mobile Image (APMI) technology. MobiCHECK guides the user to hover over the check, enabling the mobile camera to recognize when the check image is valid and then automatically take the picture. MobiCHECK supports Android and IOS operating systems and is easily integrated with existing bank front and back office systems. Industry analysts have indicated that remote deposit capture is a catalyst for increased consumer uptake of mobile banking and recommend that when selecting a mobile remote deposit capture application, banks should consider software that is easily integrated into existing mobile banking platforms and which can expand to enable other mobile imaging solutions easily such as bill payment, account opening, etc.
Commented Isaac Rome, VP Global Banking and Mobile for Top Image Systems, "We are very enthusiastic about this project, which we are confident will encourage consumers and grow the overall Israeli mobile banking market. Regarding this particular customer, because MobiCHECK was market-ready, we were able to meet their specifications with our packaged solution, so the entire integration and testing process were completed in a very short timeframe. Moreover, the bank is aware that by working with MobiCHECK, they can easily add additional mobile imaging products by using the MobiFLOW platform which provides the underlying technology for MobiCHECK. Although mobile check truncation is only planned to be introduced in Israel at the end of 2014, our mobile solutions are already fully truncation-ready and will require no adjustments once the legislation passes. We look forward to a long and productive relationship with this banking customer and trust that MobiCHECK will give them a major boost to their mobile banking program."
About Top Image Systems
Top Image Systems™ (TIS™) Ltd. is a leading innovator of enterprise solutions for managing and validating content entering organizations from various sources. Whether originating from mobile, electronic, paper or other sources, TIS solutions deliver content across enterprise applications. TIS' eFLOW Platform is a common platform for the company's solutions which is marketed in more than 40 countries through a multi-tier network of distributors, system integrators, value-added resellers and strategic partners. Visit the company's website at http://www.TopImageSystems.com for more information.
TIS Company Contact:
Director of Corporate Marketing
+972 3 767 9114