Athens, GR, September 28, 2004 - CubeIQ Ltd. , an IT company provider of software solutions and systems for financial and corporate institutions, today announced the launch of the new release of CBAF©, a software application for the management of the production cycle of cheques and cheque books. 

Cheque Book Application Foundation - CBAF© is design to operate in banks and financial institutions that need to manage the production cycle of cheque books. The application is able to operate in institutions that produce customers' cheque books in house but also can operate in institutions where the production of cheque books is outsourced. In the second case the application manages efficiently and reliably the cheque book inventory, the logistics and the approval cycle of requested cheque books. 

The new release will enable banks and financial institutions, existing and new customers, to have a better control over their cheque book production cycle, increase their employees productivity, minimize the delivery time of a new cheque book to their customers, minimize their internal production cost by managing more efficiently their cheque pages stock and finally increase the security of the system by enchasing the audit trail and the cheque pages electronic inventory capabilities of the system.

Following company's usual approach for launching a new product release, release AbA 3.30.49, based on AbA version, has a number of enhancements and improvements that part of them were request by existing customers and a part of them were defined by the product management team of the company.

This release also expands the functionality of the application to the secure issuance of Bank's/Manager's/Cashier's cheques, the issuance of withdrawal/deposit slips booklets and loan installments slips booklets while other type of cheques (Money orders, Expense checks, Trust checks, Interest checks, Dividend checks, Custom check name) can be easily adopted. This new functionality decreases the ROI period making the application more appealing to prospect customers. 

CBAF© functionality full list can be found at the link www.cubeiq.gr\solutions\s_cbaf_1.htm. A list of the enhancements and improvements compared to the existing release of the product, AbA 3.30.29, can be found at the link www.cubeiq.gr\solutions\subs\cbaf\cbaf_r33049_1.htm.

About CubeIQ

CubeIQ Ltd. - www.cubeiq.gr - is a leading provider of software solutions, systems, business process re-engineering solutions and professional services to banks, financial institutions and corporations in South and East Europe. CubeIQ's portfolio of solutions and systems include: Item & Document - Cheque Processing Systems, Cheque Book Issuance Systems, Fraud Detection & Prevention Systems, Anti Money Laundry Systems, Electronic Transaction Processing & Card Management Systems, SWIFT Reconciliation and Messaging Applications, Document Management & Electronic Workflow Systems, Prepaid Services Electronic Distribution Systems, SMS Messaging Systems, Electronic Loyalty Systems and a number of specialized equipment such as Cheque Scanners, Encoders, Sorters, Cheque Book Issuance Machines, Single & Dual Terminal Cash Dispensing - TCDs and Cash Recycling Machines - TCRDs, Cheque Book Dispensing - Cheque Deposit, Bill Payment and Multifunctional Terminals, specialized Automatic Teller Machines - ATMs, Cash Deposit, Cash Recycling and Multifunctional ATMs. CubeIQ was established in 2003 by a group of professionals with long and successful presence in the Greek banking market. The company is specialized in Business Process Re-engineering focused in the Banking and Electronic Transaction Processing Market. Our leading-edge software solutions can transform business processes in a more efficient, more productive and cost saving way.

###

Media Contacts:

CubeIQ Media Center

CubeIQ Ltd.

ciq@cubeiq.gr