Orbograph and AudioTel Corporation Sign Reseller Agreement

Orbograph Ltd., a leading developer of automated recognition software and supplier of
web-based, remote data entry/repair services, today announced that it has signed a reseller agreement with AudioTel Corporation, a leading provider of automated payment processing solutions. In addition to its RemitPlus and Merchant Capture products, AudioTel will now provide web-based check and form recognition through Orbograph’s Key-Pay Convene data entry/reject repair solution.

AudioTel's RemitPlus solution is an automated and affordable turnkey system, which enables customers to scan and capture check images and forms, deposit funds electronically, and credit payments via an automated accounts-receivable update with minimal manual key entry.

Leveraging Orbograph’s patented Key-Pay technology, Key-Pay Convene is a fully internet-based distributed data entry/reject-repair solution, which is tightly integrated with state-of-the-art advanced OCR/ICR tools. It streamlines business processes, reduces costs and improves accuracy and efficiency in automated forms processing. Key-Pay Convene works by automatically sending image snippets of only those individual fields in a form that contain characters which cannot be read by the recognition engine, to a virtually unlimited pool of data repair personnel. Key-Pay Convene continuously monitors and verifies output accuracy and throughput in order to offer the highest possible quality standards.

Commenting on the announcement, Roni Boker, Key-Pay Convene Product Manager for Orbograph, stated: “We are very excited to be working with AudioTel, an industry leader in the remittance and merchant capture marketplace, and look forward to a successful and mutually beneficial long-term relationship. While this important agreement marks the first time that a remittance application provider has teamed up with Orbograph to utilize Key-Pay Convene’s revolutionary remote, on-demand keying benefits, given the quick turnaround times and high accuracy levels demanded by the industry, we expect to see rapid adoption of this technology by other providers.”

Fred Campos, Vice President of Remittance Products for AudioTel, added: “We can now offer a more accurate, potentially keyless solution. Merchant capture can now be deployed as a scan and transmit system, with the exception items being keyed offsite. What really appealed to us about Key-Pay Convene is that it is not a ‘seat based’ model that works one-toone; but rather a fully integrated backend snippet many-to-many concept that can be turned off or on as needed. As a result, our remittance and lockbox customers will be able to have almost anything keyed from any form or check without having to staff up for load leveling. This new paradigm changes remittance processing with the same magnitude that CAR/LAR technology did in the past.”

About Orbograph
Orbograph (www.orbograph.com), a subsidiary of Orbotech (NASDAQ/NM SYMBOL: ORBK), is a leading developer of recognition solutions for the U.S. check processing and business process outsourcing markets. Orbograph’s technologies are in use at hundreds of banks and financial institutions and service bureaus across North America, processing millions
of documents each day. Through its recognition solutions, fraud detection, business process outsourcing technologies and image quality assurance applications, Orbograph enables customers to reduce costs, improve operational efficiencies and achieve rapid ROI. For more information please contact Roni Boker at roni.boker@orbograph.com or 978.901.5048.

About AudioTel
AudioTel Corporation offers a suite of banking software solutions including Internet banking, voice response, check processing and archiving as well as a fully integrated remittance and merchant capture solution for government and
commercial enterprises. Founded in 1993, AudioTel is based near Dallas, Texas and serves over 1,500 financial institutions across the country. You can find more information by visiting their websites at www.audiotel.com and www.remitplus.com. For more information please contact us at sales@audiotel.com or 800.239.5130.