Athens, GR, April 17, 2006 - CubeIQ Ltd. , an IT company provider of software solutions and systems for financial and corporate institutions, today announced the launch of Remote Cheque Capture System™ - rCCS™ and Cheque Capture and Archival System™ - CCAS™, two new products related to cheque processing technology.

Remote Cheque Capture System™ - rCCS™ is a solution for the automation of capture and transfer of cheque's data from remote locations to a financial institution data processing center. rCCS™ take advantage of the internet evolution as a communication medium, of the cheque format standardization and of the national legislations that permit banks to clear cheques using either the cheque data (code line, issuer details, amount and issuance date) or a digital replacement – the cheque image - of the original paper document.

Cheque deposit automation is realized by processing the cheques – scanning, imaging and OCR - at customer premises and then transfer the data to the bank EDP center for further processing and clearing. Banks that support remote cheque capture services allow commercial customers of all sizes to deposit their cheques remotely, hence avoid the costly procedure of visiting bank branches to deposit their cheques physically. 

More information can be found at the link Solutions - Remote Cheque Capture System

Cheque Capture and Archival System™ - CCAS™ provides an easy method for banks, financial institutions, and essentially any organization to scan and image their cheques. As microfilm and photocopy replacement, CCAS™ eliminates these traditional technologies, thus makes the costs concerns regarding developing and storing microfilms or photocopies to fade away. Cheque images created by CCAS™ are stored in industry standard formats (JPEG, TIFF, BMP, PCX ... up to 42 formats) making them easily viewable and manageable by any document management system.

CCAS™can be used independently, but it can also be implemented as a part of a broader Cheque Processing System. For example, CCAS™ can be used for cheque images retrieval and/or viewing and/or print and/or email, altogether or separately to restricted users of a complete Cheque Processing System.

More information can be found at the link Solutions - Cheque Capture & Archival 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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