Progress Soft

ProgressSoft is a software development company for imaging technology and real-time payments solutions. ProgressSoft was founded in 1989 and is based in Jordan, Qatar and Oman.

In 2001, the company developed a system to electronically process cheques for Qatar's central bank. This was the first system designed by a Jordanian company which requires no human intervention to process cheque clearing between banks on a nation-wide level.

The application is currently installed, up and running exclusively in Qatar, Jordan, UAE, Bahrain, Sudan, Nepal, Oman and Seychelles.

ProgressSoft List of Products

Electronic Check Clearing

PS-ECC www.ps-ecc.com

PS-ECC is the world’s first Electronic Image-based Check Clearing Solution, renowned for successfully being implemented on a nationwide level in several countries. PS-ECC is equipped with various, highly customizable modules that suit each party of the check clearing process.

Prompt Check www.prompt-check.com

Prompt Check is the bank’s Electronic Image-based Check Clearing Solution. The solution connects with ease to the Clearing House Unit interface for clearing inward and outward items, enabling a complete inter-bank check clearing cycle to take place.

Prompt Clear www.prompt-clear.com

Specially designed for the Clearing House Unit, Prompt Clear acts as a switch that electronically controls the flow of check images and data in a clearing cycle. Prompt Clear proposes complete management of the clearing process while seamlessly integrating with the RTGS system at the Central Bank.

Prompt RDC www.prompt-rdc.com

Prompt RDC is a Remote Deposit Capture Solution that allows the check capturing process to take place at corporate locations. Checks can be scanned, encrypted and instantly sent from corporations to the bank. Incoming checks can simply join the clearing cycle and be deposited in bank accounts without the need to physically drop them at the teller.

Prompt Archive

Prompt Archive is a warehousing solution that predominantly speeds up backup and retrieval processes by archiving images and data of cleared items into a separate repository, hence boosting the performance of check clearing solutions. Prompt Archive enables separating the historical data of each fiscal year in its own distinctively accessible storage.

Prompt ATM/CDM www.prompt-atm.com

Prompt ATM/CDM enables Check Deposit Machines to present the checks on behalf of the teller. Using Prompt ATM/CDM, customers can deposit their checks at their convenience, even during the bank’s off-working hours.

Prompt PDC

Prompt PDC represents a warehousing solution that provides a manageable storage of Post Dated Checks (PDCs), facilitating PDCs truncation and providing a secure storage. Its smooth interaction with other PS-ECC suite products allows clearing of the PDCs on due date.

Prompt OnUs

Inter-branch checks are specially handled and maintained through Prompt OnUs in a single seated virtual session. It accelerates OnUs checks clearing locally within the same bank. Check management, technical / financial validations, reporting and auditing are the main blocks of Prompt OnUs.

Mobile Payment & Clearing

PS-mPay www.ps-mpay.com

PS-mPay is a countrywide mobile payment solution that enables domestic and cross-border remittances for banked and non-banked users to take place via mobile handsets and smart phones. The solution offers a wide range of payment services, including Person-to-Person, Person-to-Business and Person-to-Government money transfers, in addition to Bill Payment, Direct Credits and Point-of-Sale (POS) Payments.

PS-mpClear www.ps-mpclear.com

PS-mpClear is a real-time payment switch responsible for processing inter-bank and inter-processor mobile payment transactions. The solution enables the Central Bank to assume its vital role in the mobile payment cycle and assures the monetary soundness of the mobile payment key participants.

ACH Direct Debit / Direct Credit

PS-ACH www.ps-ach.com

PS-ACH is a state-of-the-art Automated Clearing House (ACH) solution which facilitates the exchange of payment orders between financial institutions via a secure electronic network. The solution actualizes an end-to-end clearing cycle through which remittances and presentment messages can be exchanged between financial institution and the Automated Clearing House in real-time.

Real-Time Gross Settlement

PS-RTGS www.ps-rtgs.com

PS-RTGS, the Real-Time Gross Settlement System, is designed to empower central banks and monetary agencies with the means to control large-value payment transactions in a guaranteed, irrevocable environment. This is done by providing a mechanism for interbank fund transfers to be made between banks from their own accounts or on behalf of their customers in gross and real-time basis.

Signature Verification and Recognition

PS-SIG www.ps-sig.com

PS-SIG, the Signature Verification & Management Solution, manages and controls signatures and information related to bank clients and employees, hence expediting the signature verification process. Signature images and relevant data needed for verification are promptly made available and can be simultaneously retrieved by authorized bank officers. Instant cross-branch sharing of this vital information is also made possible.

PS-ASV www.ps-asv.com

PS-ASV, the Automatic Signature Verification & Recognition solution, represents an intelligent module in signature verification that is capable of detecting simple, random and skilled forgeries. This is done by utilizing advanced artificial intelligence engines along with analytical, geometrical and pattern recognition technologies that guarantee accurate results.

Securities Trading Settlement

PS-eTrade www.ps-etrade.com

PS-eTrade is an end-to-end, straight-through-processing solution that achieves real-time settlement of securities trading. By electronically linking banks and brokers, PS-eTrade facilitates online routing and settlement of trading transactions, which can be conducted at the dealer, investor or broker level, passing through specially designed gateways at the broker and the bank.