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INTRIA brings innovative cheque-imaging technology to the Canadian marketplace

INTRIA's new cheque image platform supports paperless cheque processing and depositing cheques from mobile devices, desktop scanners, and image-enabled ABMs.

MISSISSAUGA, ON, June 10, 2013 - Today, INTRIA announced that it has begun the national rollout of its new image-based cheque processing platform with a successful implementation in Winnipeg. The new platform is taking advantage of cheque processing opportunities emerging from the Canadian Payments Association's (CPA) "Image Roadmap" - an initiative to modernize the Canadian payments system.

INTRIA's new platform features centralized image processing, highly enhanced fraud detection, and the ability to print Clearing Replacement Documents (CRDs). The platform supports all capture, exchange, settlement and cheque returns functionality.

"We have made major investments in our processing platform to enhance the client experience and ensure optimal efficiency," said INTRIA President, Bob Bouey. "Our new platform will also open the door for new product offerings that will further strengthen our leadership position in Canada."

Looking ahead, the platform aligns to INTRIA's larger program to implement a comprehensive image-based solutions suite. This includes image cheque exchange, a wide array of fraud detection services, and Remote Deposit Capture (RDC), an application that lets financial institutions and their commercial and personal customers deposit cheques from mobile devices, desktop scanners, and image-enabled ATMs. Functionality for these services will begin this year and continue rolling out in 2014. For more information, visit www.INTRIA.com.

About INTRIA

INTRIA provides integrated payment processing and currency management solutions to a wide range of clients in the financial, utility, government, transportation, and retail sectors. Service is delivered through a highly secure national network of image-enabled processing centres optimized for digitized workflow and distributed along Canada's major air and land transport corridors. Established in 1996 and headquartered in Mississauga, Ontario, INTRIA is a wholly-owned subsidiary of the Canadian Imperial Bank of Commerce (CIBC), a leading North American financial institution with nearly 11 million personal banking and business clients.

For further information: For client inquiries, please contact Tiffanie Stewart at 905 755-4714, tiffanie.stewart@intria.com; for media inquiries, please contact Allison Mudge at 416 980-2178, allison.mudge@cibc.com.