Athens, GR, August 17, 2005 - 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 Intelligent Cheque Clearing System - iCCS©, a software application specially designed for the daily cheque clearing in Banks, Financial Institutions, Factoring companies and Clearing Houses.

Intelligent Cheque Clearing System - iCCS© is a complete clearing systems that integrates incoming, outgoing & their respective return clearing processing according to the rules defined by the local Central Clearing House. iCCS© is available in three different versions. IiCCM© module for incoming cheque processing and OiCCM module for outgoing cheque processing are two distinct but intergraded modules that constitute the main iCCS© that performs the daily cheque processing in Banks. CH-iCCS©, is a separated but integrated applications to the main iCCS© that performs the daily cheque processing for member institutions in Clearing Houses. PDC-iCCS©, again is a separated but integrated applications to the main iCCS© that performs the cheque processing for Post Dated Cheques - PDCs and is suitable for Factoring Companies, Bank's Factoring Departments and Bank's Loan and Financing Department.

Intergraded outgoing and incoming processing and their corresponding returns, post dated cheque processing, clearing house member institutions processing that is available in both stand -alone and client/server architecture entitle iCCS© as the most complete and sophisticated cheque clearing solution. Open, scalable, highly parameterized, easily covering any clearing house processing specifications and easily intergrading with the core banking system makes iCCS© the preferred choice for both the experienced end users and the novice systems engineers in Banks and Financial Institutions. Increasing the operating efficiency by more than 25% and decreasing the operating cost by more than 25% result to a short return on investment period.

More information can be found at the link Solutions - Intelligent Cheque Clearing System

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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CubeIQ Ltd.

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