TEL AVIV, Israel and COLOGNE, Germany, April 30, 2015 (GLOBE NEWSWIRE) -- Top Image Systems, Ltd. (Nasdaq:TISA), a global innovator of intelligent content processing solutions, today announced that from over 5,000 applications submitted, TIS' innovative mobile photo bill payment app, MobiPAY, was one of ten selected in the "Best App" category of the prestigious 2015 IT Innovation Awards (IT Innovationspreis). For each of the 41 categories an independent jury of industry experts selected first, second and third place winners and recognized the top ten "Best" products and solutions in each category.
The photo-initiated, self-service bill pay application, MobiPAY, was named one of the top ten entries in the Best App category. Consumers can easily take a photo of a bill to automatically add biller and related billing data, and then pay that and future bills from that supplier with a few clicks on their smartphone. The app replaces time-consuming and inconvenient manual bill payment processes in the bank branch or via an online portal. As consumers invest time to upload the payee data for their standard monthly bills into the application, they are much more likely to retain the app and use it repeatedly. This provides highly-valued "customer stickiness" for the banks and enterprises who offer mobile bill pay.
"The IT Innovation Awards are tangible recognition of TIS's innovative approach, technological superiority and leadership position at the cutting edge of mobile imaging. We are proud to receive an IT Innovationspreis award for another solution in our mobile portfolio for a second year in a row," remarked Isaac Rome, TIS' VP Mobile Solutions.
"TIS continues to invest in developing our mobile image capture platform which drives innovative user experiences and back-office efficiency. We are committed to helping enterprises and financial institutions transform their business processes by leveraging our mobile technologies to delight customers and gain market share along the way."
About Top Image Systems
Top Image Systems™ (TIS™) Ltd. is a leading innovator of enterprise solutions for capturing and validating structured and unstructured content entering organizations from various sources and managing content-driven business processes. Whether originating from mobile, electronic, paper or other sources, TIS solutions automatically capture, process and deliver content across enterprise applications. TIS' flagship eFLOW® platform and diverse business process and mobile image processing solutions are 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.
Top Image Systems 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.