REDWOOD SHORES, Calif., July 30, 2013 (GLOBE NEWSWIRE) -- Communication Intelligence Corporation ("CIC" or the "Company") (OTCQB:CICI), a leading supplier of electronic signature solutions and the recognized leader in biometric signature verification, announced today that it was selected by QuestSoft Corporation ("QuestSoft") to integrate legally binding electronic signatures in its IRS Form 4506-T service.
"Our partnership with CIC allows our customers to leverage a proven technology to quickly and easily gather signatures on the 4506-T," stated Bhavin Shah, QuestSoft VP of Development and Technology. "This added feature, which was approved by the IRS earlier this year, provides the benefit of significantly reduced processing times and rejection rates to all parties in a mortgage or other lending transaction."
Over the last year, CIC has played an active role working with the IRS on its acceptance of electronic signatures. CIC's robust platform for legally binding esignatures, iSign Enterprise, fully supports the IRS' recently approved electronic signature requirements.
"IRS approval of esignatures on this high volume form represents a significant step forward in the overall lending process," stated Robert Williams, CIC's VP Sales. "We are excited to partner with QuestSoft, a proven industry leader, and to be a part of this forward momentum."
The integrated solution is available for QuestSoft customers beginning August 1, 2013.
About CIC
CIC is a leading supplier of electronic signature products and the recognized leader in biometric signature verification. CIC enables companies to achieve truly paperless workflow in their electronic business processes by providing multiple signature technologies across virtually all applications. CIC's solutions are available both in SaaS and on-premise delivery models and afford "straight-through-processing," which can increase customer revenue by enhancing user experience and can also reduce costs through paperless and virtually error-free electronic transactions that can be completed significantly quicker than paper-based procedures. CIC is headquartered in Redwood Shores, California. For more information, please visit our website at http://www.cic.com. CIC's logo is a registered trademark of CIC.
About QuestSoft
Laguna Hills, Calif.-based QuestSoft is an established provider of comprehensive and automated compliance software and services to the mortgage, banking and credit union industries. The company's products enable more than 1,700 banks, credit unions and mortgage companies to simplify the collection, analysis, compilation and reporting of key lending regulatory report data. For more information about QuestSoft and its products, visit the company's website at www.questsoft.com.
Forward Looking Statements
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 customer purchases of the Company's solutions; (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.