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TIS Americas Announces Agreement with Allied Payment Network to Implement MobiPAY

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Top Image Systems, Ltd

2 Habarzel Street, Tel Aviv, 69710, Israel

Original Press Release

TIS Americas Announces Agreement with Allied Payment Network to Implement MobiPAY

Press release date: August 19, 2014

MobiPAY to Integrate With Allied Payment Network's Mobile Bill Pay Product, PicturePay(R)

TEL AVIV, Israel and NEW YORK -- Top Image Systems Ltd. (Nasdaq:TISA), a leading ECM (Enterprise Content Management) and BPM (Business Process Management) solutions and MIP (Mobile Imaging Platform) provider, today announced a long-term transaction-based deal with Allied Payment Network to implement MobiPAY, TIS' self-service mobile bill payment application, within PicturePay(R), Allied's mobile photo bill pay solution. Over time, TIS will work with Allied, its customers and partners to enhance their user experience and continue to automate the bill payment workflow with our advanced MobiFLOW platform for end-to-end processing of bills and related documents.

Allied offers online and mobile bill payment services to financial institutions including banks and credit unions of any size, as well as directly to consumers. PicturePay integrates with multiple optical character recognition (OCR) engines, and TIS' proven recognition and image capture technology via MobiPAY will significantly improve the automated entry of payments in Allied's system.

"We are enthusiastic about cooperating with a market leader such as Allied to enhance the user experience of their PicturePay mobile payment product that allows a user to Point, Shoot and Pay their bills," commented Avi Mileguir, EVP and GM, TIS Americas. "Allied is committed to boosting mobile bill pay adoption by delivering a simple, reliable bill pay service that enhances the relationship between financial institutions and their customers in a cost-effective way; this partnership signifies a strong win-win for TIS and Allied."

"Allied is dedicated to providing the most innovative and technologically advanced mobile bill pay solutions to our customers. By employing MobiPAY, we will continue to improve our service quality, data recognition rates and scalability, and will be better placed to provide end-to-end bill pay solutions including faster response times and additional in-transaction services," explains Ralph Marcuccilli, president and CEO, Allied. "Ultimately, our objective is to partner with leading technology providers such as TIS in order to grow the mobile bill pay market and generate revenue streams for our customers."

About Allied Payment Network

Allied Payment Network is an industry-leading provider of emerging bill pay technologies to the financial services and retail industries. With its award-winning solution, PicturePay(R), Allied pioneered the first mobile photo bill pay application for smartphones and has brought the same level of innovation to its full suite of online and mobile bill pay channels including solutions for Internet bill pay, small business payments, over-the-counter payments and online loan payments, among others. Allied's goal is to make the bill paying process easier and more convenient for consumers, and more efficient and cost effective for the financial institutions who serve them. For more information, visit www.AlliedPayment.com.

About Top Image Systems

Top Image Systems(TM) (TIS(TM)) Ltd. is a leading innovator of enterprise solutions for capturing and validating structured and unstructured content entering organizations from various sources and managing content-driven business processes. Whether originating from mobile, electronic, paper or other sources, TIS solutions automatically capture, process and deliver content across enterprise applications. TIS' flagship eFLOW platform and diverse business process and mobile image processing solutions are 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.

CONTACT: Allied Payment Network Press Contact:
Lauren Schuster
lauren@williammills.com
+1-678-781-7209

TIS Company Contact:
Shelli Zargary
Director of Corporate Marketing and
Investor Relations
shelli.zargary@topimagesystems.com
+972 3 767 9114

TIS Investors:
James Carbonara
Regional Vice President
Hayden IR james@haydenir.com
+ 1 646 755 7412

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