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Technology Stocks : Top Image Systems Ltd. (TISA)
TISA 0.850-0.5%May 6 4:00 PM EDT

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From: JakeStraw3/16/2014 10:21:24 AM
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Top Image Systems Launches MobiREMIT
finance.yahoo.com

Remittance Processing Via Mobile Device Streamlines and Accelerates Payment Processing

MobiREMIT is the latest addition to the Top Image Systems' mobile imaging solution portfolio, along with MobiCHECK, MobiPAY, MobiFLOW and a growing list of mobile applications that leverage mobile devices to optimize various use cases involving image processing. TIS has combined deep technological knowledge in the area of ECM, parsing and content processing with knowledge of a wide variety of smart mobile devices to develop its MIP (Mobile Imaging Platform). Today TIS markets its mobile platform and in parallel develops image processing applications in response to customer demand.TIS offers both stand-alone mobile applications that can be activated or embedded in other mobile products, as well as mobile image processing as part of the company's flagship eFLOW(R) multichannel capture and workflow solution.

"We have already seen the market show strong interest in MobiREMIT," commented Isaac Rome, VP Global Banking and Mobile, Top Image Systems. "The benefits gained by using a mobile device to close payment loops faster by speeding remittance advice processing and accelerating payment accordingly is an area companies are interested to streamline. The mobile workforce today wants to be able to process payments in the field at the time of delivery to eliminate processing delays on accounts receivables and improve cash flow. Our ability to accurately process payment methods, such as check or credit card payments, together with mobile recognition of remittance advices on a mobile device provides great added value. We expect MobiREMIT, alongside MobiPAY, to rapidly gain market share and strengthen our brand recognition in the mobile image processing market in the US, a step that will also positively impact sales of our full mobile imaging portfolio."
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