Athens, GR, February 24, 2005 - CubeIQ Ltd. , an IT company provider of software solutions and systems for financial and corporate institutions, today announced the launch of the new general release of iRecognIzer©, a software application for the scanning and complete processing of private and bank cheques in banks, financial institutions and corporations.   

iRecognIzer© is a comprehensive solution for multi-point processing of private and bank cheques from a tens to tens of thousands per processing point. From central processing to regional processing to local - branch processing and vise-versa, iRecognIzer© either in the stand-alone version or in the client/server version can provide to banks and financial institutions with a robust, scalable, efficient and productive cheque processing solution.

Following company's usual approach for launching a new product release, iRecognIzer©/DMS release 3.00.xx, 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 of iRecognIzer© includes several key functionality improvements. All users can access and process cheque images and data according to their pre-defined privileges. The concept of "cheque entity" is introduced.  Cheque entity is a set of records in the system database that represent the processing history of a cheque including cheque image, cheque details and cheque transactions up to cheque payment. The new release allows the users to search with multiple search criteria for more that one cheque entities at a time, which decreases the time involved with retrieving historical data for verifying prospective customers. 

The new release of iRecognIzer© expands the functionality of the system with archival, retrieval and, in general, management capabilities of cheque images and data by incorporating Image & Document Management functionality. The integration capabilities of the system with the known document management systems in the market still exist as option. This new functionality decreases significantly the ROI period making the system more appealing to prospect customers. 

More information can be found at the link www.cubeiq.gr\solutions\s_irecognizer_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.

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Media Contacts:

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CubeIQ Ltd.

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