InSure Vision Technologies Announces Release of SurePath 3.5 Enhancements to Electronic Bond Processing and Reporting

Sherman Oaks, CA - April 23, 2002 -  InSure Vision Technologies (IVT) announced the availability of SurePath 3.5, its flagship product for processing and managing both paper-based and electronic surety bonds. “SurePath 3.5 contains many enhancements to further streamline the processing and management of surety bonds,” said Pam Stocks, President of InSure Vision Technologies.  “The improved support for electronic signatures and digital certificates makes SurePath 3.5 the hands down industry leader in this evolving arena of surety bond processing.  The SurePath Network continues to increase rapidly as new agents are added nationwide. We remain committed to providing SurePath users with the most efficient and innovative system available.”

This new release of SurePath also includes greatly enhanced reporting capabilities.  Users can define their own reports and save them in the system, or publish them for other users or customers.  The reporting tool also allows users to query their SurePath data base real time. 

SurePath is the only independent product on the market that provides customers with a comprehensive library of over 2,100 pre-scanned surety bonds. IVT adds additional bond forms to the bond form library upon request.  SureForm also supports digital signatures and digital certificates. This enables agents and their clients to electronically sign bond forms using an electronic pen. If anyone tampers with the digitally signed document, the signatures are automatically invalidated. IVT is partnering with Topaz Systems, Inc.© to make the electronic pen tablets available to agents at a competitive price. Agents can also attach digital certificates to a bond form which can be independently verified by companies such as Verisign ©.

As the electronic submission of bonds evolves, Agents will be able to sign bonds, route them to the principal for signing, and report the completed legal document to obligees and underwriters electronically.  As part of IVT’s testing, legally binding documents with signatories thousands of miles apart were executed in a few minutes.  The surety industry can benefit greatly from an evolutionary solution that seamlessly manages both paper-based bonds as well as electronic bonds. 

This electronic process can be coupled with newly released integration from Applied Systems to drastically reduce the costs of data entry into multiple systems as well as Bid Express for electronic bid bond submission.  Additionally, Integration with AMS Sagitta Browser will be released shortly.

InSure Vision is committed to making electronic bond processing available to as wide a portion of the surety market as possible.  "With this release we are providing a more affordable pricing plan which will allow smaller agencies to join The SurePath Network.  This plan provides for limited transaction processing and support designed to meet the needs of smaller agencies," according to Beverly Hall, Chief Financial Officer.
 

About InSure Vision Technologies

InSure Vision Technologies is the developer of the SurePath Network, which allows agents, underwriters, principals, and obligees to share surety bond information over the Internet. More information on SurePath and SureForm is available on the InSure Vision Technologies site at www.InsureVision.com.

InSure Vision Technologies, SureForm, and SurePath are registered trademarks of InSure Vision Technologies in the United States and/or other countries.

The names of actual companies and products mentioned herein may be the trademarks of their respective owners.

Press Contact:
Pamela L. Stocks, President
InSure Vision Technologies, LLC
Phone (818) 781-8733
Fax (818) 781-8188
pstocks@insurevision.com

Note to editors: If you are interested in viewing additional information on InSure Vision, please visit the InSure Vision Web page at http://www.insurevision.com.