REDWOOD SHORES, Calif. -- 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, announced today that one of the largest equipment finance companies (the "Company") has deployed CIC's electronic signature technology to automate its credit sales through its dealer and distribution network.
Under the terms of the agreement, CIC is providing its electronic signature technology interfacing with the Motorola electronic payment terminal and another low-end electronic digitizer tablet to automate the sale of the Company's full line of agricultural, commercial and construction equipment.
CIC's electronic signature software interfaces to the Point of Sale system providing the ability to fully integrate legally compliant electronic signatures on credit applications combined with industry standard debit and credit card processing. The video graphics display capabilities of the payment terminal devices provide push marketing directly to the customer, standard card swipe and PIN entry, and also enable the customer to sign the contract/Purchase Order directly on the payment terminal in fully electronic format. These Purchase Orders are electronically signed at the dealer location and transmitted to corporate to provide a fully secure and paperless transaction.
"This deployment represents a significant shift in the historical Point of Sale process where simple signatures have been traditionally captured to comply with industry standards for dealing with credit card disputes or charge backs and are now fully compliant electronic signatures," stated Guido DiGregorio, CIC's Chairman & CEO. "This is yet another example of the technology evolving and CIC taking a proactive approach to deliver real solutions for our customers that leverage these trends."
About CIC
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®" with multiple signature technologies across virtually all applications in SaaS and fully deployed delivery models.
Industry leaders such as AGLA, Allstate, American Family, Charles Schwab, Prudential, Snap-on Credit, Travelers, Wachovia, 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
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's logo and the Power to Sign Online are registered trademarks of CIC. All other trademarks and registered trademarks are the property of their respective holders.
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