Industry Leading Providers Team Up to Provide High Volume Transaction Solution Enabling Paperless Processing for Banking and Insurance
REDWOOD SHORES, Calif. and NEW YORK, May 11 /PRNewswire-FirstCall/ -- Communication Intelligence Corporation ("CIC") (OTC Bulletin Board: CICI), a leading supplier of electronic signature solutions for business process automation in the financial industry* and the recognized leader** in biometric signature verification and Striata, the leading North American provider of email bill presentment and payment, announced today that they have entered an agreement to provide their products and services as an integrated solution for the financial services industry.
Under the terms of the agreement, CIC will provide its industry proven electronic signature technology for Striata secure electronic document delivery and email bill payment. The joint product offerings represent an ideal solution for virtually any financial application requiring electronic approvals.
As a global eDocuments and eBilling software application developer and services specialist, Striata provides both proven solutions and cutting edge methodologies to maximize both high volume consumer and business to business paper turn off initiatives. Striata has an impressive legacy of dramatically reducing paper, from your local bank to the world's largest financial institutions.
The combined offering enables Striata to offer electronic signature capabilities to its current financial institution customers and extend its platform into new areas of investment and insurance products.
"The financial services industry is administratively burdensome and very paper-intensive," stated Garin Toren, Chief Operating Officer of Striata. "Incorporating CIC's electronic signature technology into our product offering enhances our initiative for providing solutions that reduce costs, increase document security and integrity as well as providing the final and essential step for our customers to easily migrate to a truly paperless environment."
CIC's eSignature solutions have provided documented ROI and are proven to meet the requirements of the most demanding and successful firms in the industry as well as affording top tier software solution providers the opportunity to meet the need to deliver electronic signature based solutions which enhance the customer experience while providing an exceptional competitive advantage.
"We continue to identify select integration partners capable of expanding our technology within key vertical market segments," stated Guido DiGregorio, CIC's Chairman & CEO. "We expect our partnership with Striata and the integration of eSignature with eDelivery and eBilling to be a major opportunity for increasing revenue growth for both firms and to provide further penetration in the financial services industry worldwide."
Communication Intelligence Corporation ("CIC") is a leading supplier of electronic signature solutions for business process automation in the Financial Industry and the recognized leader in biometric signature verification. CIC's products enable companies to achieve truly paperless work flow in their eBusiness processes by enabling them with "The Power to Sign Online(R)" with multiple signature technologies across virtually all applications in SaaS and fully deployed delivery models.
Industry leaders such as AGLA, AllState, Charles Schwab, Prudential, Snap-on Credit, Travelers, Wells Fargo and WFG (World Financial Group) chose CIC's products to meet their needs. CIC has deployments with over 400 channel partners and enterprises worldwide representing hundreds of thousands of users, with over 500 million electronic signatures captured, eliminating the need for over a billion pieces of paper. CIC sells directly to enterprises and through system integrators, channel partners and OEMs. CIC is headquartered in Redwood Shores, California and has a joint venture, CICC, in Nanjing, China. For more information, please visit our website at http://www.cic.com
*In December 2008, CIC was named to Forrester Research's "Hot Banking Tech Companies To Watch in 2009" Report.
**In October 2007, CIC was awarded the 2007 Global Frost & Sullivan Award for Market Leadership in the dynamic signature verification market.
Striata's Secure eDocument Delivery and Email Bill Presentment & Payment (EBPP) are solution sets that deliver a rapid reduction in operational costs, quicker payments and an enhanced customer experience.
Striata revolutionizes the way bills, statements, policies, collection notices, letters, paystubs and other high volume system-generated documents are delivered and paid. Registration requirements are eliminated by emailing feature rich, interactive, encrypted documents directly to the inbox and enabling innovative 1-click electronic payment from within the document itself.
Direct email delivery of bills and statements dramatically increases customer adoption of electronic documents, paper turn off and ePayments. This enables Striata's clients to achieve rapid ROI; complement their existing self-service and e-communication strategies; significantly reduce paper output and to meet their carbon footprint/environmental impact targets.
As a leading international provider of electronic messaging since 1999 with more than 200 blue chip customers, Striata has operations in New York, London, Hong Kong, Sydney, Johannesburg and partners in North, Central & South America, Europe and Asia Pacific. For more information, please visit: http://www.striata.com
Forward Looking Statement
Certain statements contained in this press release, including without limitation, statements containing the words "believes", "anticipates", "hopes", "intends", "expects", and other words of similar import, constitute "forward looking" statements within the meaning of the Private Litigation Reform Act of 1995. Such statements involve known and unknown risks, uncertainties and other factors which may cause actual events to differ materially from expectations. Such factors include the following (1) technological, engineering, quality control or other circumstances which could delay the sale or shipment of products containing the Company's technology; (2) economic, business, market and competitive conditions in the software industry and technological innovations which could affect the Company's business; (3) the Company's inability to protect its trade secrets or other proprietary rights, operate without infringing upon the proprietary rights of others or prevent others from infringing on the proprietary rights of the Company; and (4) general economic and business conditions and the availability of sufficient financing.
CIC and the Power to Sign Online are registered trademarks. All other trademarks and registered trademarks are the property of their respective holders.
Contact Information CIC Investor Relations & Media Inquiries: Chantal Eshghipour 650-802-7740 firstname.lastname@example.org Striata Marketing 88 88 USAPAY (872 729) email@example.com
|SOURCE Communication Intelligence Corporation|
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