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Bank of the West to Present Scan to Pay Mobile Bill Payment on Behalf of TIS at BAI Payments Connect 2015

TIS Exhibits in Booth 609 at BAI Payments Connect, March 2-4 in Phoenix, AZ

  • Bank of the West to present with TIS at BAI Payments Connect
  • Bank of the West launches Scan to Pay mobile bill payment incorporating TIS mobile imaging technology
  • TIS exhibits at BAI Payments Connect 2015
  • Bank of the West analyses show setting up a new bill for payment using Scan to Pay takes less than 30 seconds with accuracy rates more than 30% higher than current industry benchmarks.
  • Research by Bank of the West found that customers would be more likely to pay and receive bills on their mobile phone with a quicker and simpler experience.

PLANO, Texas, March 2, 2015 (GLOBE NEWSWIRE) -- Top Image Systems, Ltd. (Nasdaq:TISA), a leading cloud and on premise ECM (Enterprise Content Management) and BPM (Business Process Management) solution and MIP (Mobile Imaging Platform) provider announced today that Jamie Armistead, Executive Vice President and Head of Digital Channels at Bank of the West, will present the bank's "Scan to Pay" mobile bill payment feature, which incorporates TIS mobile imaging technology, on March 3 at 4:30 pm in Room 106A at BAI Payments Connect. TIS will be showcasing the MobiPAY app and the MobiFLOW platform along with its other mobile and enterprise content capture and processing solutions in Booth 609 at the BAI Payments Connect Expo, which is being held on March 2-4 at the Phoenix Convention Center in Phoenix, Arizona.

On February 26, 2015 San Francisco-based Bank of the West, a $71.7 billion asset bank with locations in 22 states, announced the availability of Scan to Pay, a new bill payment feature on the Bank of the West mobile app. The Scan to Pay capability is currently offered through the Mobiliti Enterprise™ mobile banking and payments solution from Fiserv, which is used by Bank of the West under the name Snap-to-Pay™. The Snap-to-Pay capability enables customers to set up and pay bills with a snap of their smartphone cameras. Snap-to-Pay leverages mobile imaging technology from Top Image Systems that enables mobile devices such as smartphones and tablets to accurately capture information from documents of all types and sizes.

"With mobile devices playing a more integral role in our lives, we set out to make our banking app as simple and stress-free as possible," said Jamie Armistead, executive vice president and head of digital channels at Bank of the West. "Our customers' usage of our mobile app is a clear indication that they are ready to embrace a more dynamic mobile banking experience, and initial Scan to Pay results reflect that appetite. More broadly, Scan to Pay demonstrates our promise to continue improving all of our digital offerings to best serve the evolving needs of our customers."

Top Image Systems is proud to present at and participate in this important event for payments professionals, focusing this year on payments strategies and consumer insights; payments fraud detection and prevention and enterprise payments operations. Aiming to increase our market presence in the U.S., TIS will be promoting our innovative mobile and cloud-based content capture and processing solutions for financial, insurance and other enterprises seeking to optimize customer engagement and retention by streamlining document-driven customer-facing business processes. As a thought leader in the intelligent process automation space, TIS will be on-hand to advise bankers and finance professionals how to leverage our solutions to manage disruptive technology, build customer relationships and streamline check and payment operations.

"We are very happy to be partnering with Bank of the West and to be participating once again at the BAI Payments Connect conference and expo to hear new ideas and discuss the challenges and opportunities facing bankers and financial professionals as they adjust to the dynamic digital economy," remarked Isaac Rome, VP Mobile for TIS. "Financial professionals must struggle to first and foremost provide excellent experiences to their increasingly demanding customers, while at the same time complying with regulations and minimizing the costs and complexity associated with managing a broad and diverse mix of solutions and applications. We invite conference attendees to visit us in Booth 609 to learn how our and our partners' solutions can help them successfully meet these challenges."

About Top Image Systems

Top Image Systems™ (TIS™) Ltd. is a leading innovator of enterprise solutions for managing and validating content entering organizations from various sources. Whether originating from mobile, electronic, paper or other sources, TIS solutions deliver content across enterprise applications. TIS' eFLOW Platform is a common platform for the company's solutions which is marketed in more than 40 countries through a multi-tier network of distributors, system integrators, value-added resellers and strategic partners. Visit the company's website at http://www.TopImageSystems.com for more information.

Caution Concerning Forward-Looking Statements

Certain matters discussed in this news release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results to be materially different from any future results expressed or implied in those forward looking statements. Words such as "will," "expects,", "anticipates," "estimates," and words and terms of similar substance in connection with any discussion of future operating or financial performance identify forward-looking statements. These statements are based on management's current expectations or beliefs and are subject to a number of risks and uncertainties that could cause actual results to differ materially including, but not limited to, risks in product development, approval and introduction plans and schedules, rapid technological change, customer acceptance of new products, the impact of competitive products and pricing, the lengthy sales cycle, proprietary rights of TIS and its competitors, risk of operations in Israel, government regulation, litigation, general economic conditions and other risk factors detailed in the Company's most recent annual report on Form 20-F and other subsequent filings with the United States Securities and Exchange Commission. We are under no obligation to, and expressly disclaim any obligation to, update or alter our forward-looking statements, whether as a result of new information, future events or otherwise.

CONTACT: Company Contact: Shelli Zargary Director of Corp. Marketing and Investor Relations shelli.zargary@topimagesystems.com +972 3 767 9114 Investors: James Carbonara Regional Vice President, Hayden IR james@haydenir.com + 1 646 755 7412

Source:Top Image Systems Ltd.