Press Release

Boubyan Bank Develops Feature-Rich ATM Configurations with Paragon ConfigBuilder™

April 22, 2012

(Holly Springs, NC— April 19, 2012) Boubyan Bank, a leading Islamic bank in Kuwait, has licensed Paragon's ATM configuration management software ConfigBuilder through Paragon's partner in the Middle East, International Turnkey Systems. Boubyan Bank required a solution to enable them to edit and manage their ATM configuration load files and to test the ATM configuration flows from a PC.

Using ConfigBuilder, Boubyan Bank is able to develop ATM screens with EMV support and add logos, graphics, audio and video files to their ATM load files. They can also preview the entire screen flow from their PC and make any adjustments before uploading the files to their ATM network, saving them time and money.

"ConfigBuilder has made our entire ATM load file development process quicker and more accurate," says Waleed Al-Hasawi, General Manager Information Technology Group of Boubyan Bank.

"We are delighted that our solutions are helping Boubyan Bank optimize their ATM configuration development," says Doug Daggett, EMEA Sales Director for Paragon Application Systems. "We welcome Boubyan Bank to our growing list of customers in the Middle East and look forward to working with them."

"From the outset, Boubyan Bank made it very clear that they wanted to implement a premier ATM testing and development tool to support their growing ATM environment," said Khalid Faraj Al-Saeid, ITS Managing Director and General Manager. "Our partnership with industry leader, Paragon Application Systems, is providing reliable solutions for ATM configuration management in the Middle East. We welcome Boubyan, a leading Islamic bank, to our esteemed list of customers to experience the best in products and services."

About Boubyan Bank
Boubyan Bank is a leading Islamic Bank in Kuwait offering distinguished products and services targeting the different categories of retail banking, while achieving excellence and progress with private banking and asset management. In 2011, Boubyan Bank won many awards including The Best Islamic Bank in Kuwait from Arabian Business, The Best Islamic Bank for Customer Service from Service Hero, The Fastest Growing Bank in Kuwait from The Banker Middle East Magazine and The Most Creative & Innovative Bank in Kuwait from World Finance. Visit Boubyan Bank at www.bankboubyan.com.mx

About Paragon Application Systems
Paragon Application Systems is a leading global provider of ePayment simulation, configuration and testing software solutions to the financial industry. More than 590 financial institutions in over 85 countries use Paragon tools to improve quality and reduce time-to-market. Paragon's broad customer base includes major interchanges, processors, leading software providers, banks and credit unions. Visit Paragon Application Systems at www.paragonedge.com or email info@paragonedge.com .