ADVISORY/Alogent's Bob Meara and Celent Communications' Alenka Grealish Present 'Conversion or Truncation? How & Where to Decide' at the NACHA Payments 2004 Conference.

Business Editors

ADVISORY...for Tuesday (March 23)

--(BUSINESS WIRE)

    WHO:    Robert Meara, director of product marketing for Alogent
            Corporation and Alenka Grealish, senior analyst for Celent
            Communications, are co-presenting at the NACHA Payments
            2004 Conference.  Alogent is a financial services
            technology company providing payment processing solutions
            that enable banks, billers and outsource processors to
            reduce costs, accelerate timelines and improve quality in
            check and item processing. Alogent is the technology
            supplier for the largest branch deposit automation
            implementation in the world.  Celent Communications is a
            research and consulting firm focused on the application of
            information technology in the global financial services
            industry.

    WHAT:   Although check conversion is quickly generating momentum
            within the industry, a number of obstacles have slowed
            widespread adoption. With the passage of Check 21,
            financial institutions have encountered new challenges and
            tough decisions, in addition to increased opportunities.
            One such challenge is the on-going debate regarding which
            payment system, check conversion or check truncation, will
            dominate the industry.

            Three critical points are often overlooked in this debate:

                --  Payment systems can co-exist and have co-existed
                    efficiently;

                --  Payment systems are dynamic and gain or lose
                    traction over time; and

                --  Payment choices should be made based on an overall
                    process perspective.

            Coexistence of check conversion and truncation is the best
            solution.  Therefore, decisions must be made in real-time,
            at the item processing level, between a growing number of
            endpoint alternatives.  The key factor in this decision
            making process is a flexible payment processing system.

            The adoption paths and rates of check conversion and check
            truncation will vary depending on the check type, the
            point of presentment, the type of process and the
            financial institution.  Financial institutions must be
            able to analyze all factors and determine which payment
            choice is the best option.

    WHERE:  NACHA Payments 2004, Washington State Convention and
            Trade Center
            Seattle, Room 613/614

    WHEN:   March 23, 2004
            8 a.m. - 9 a.m. (Session 388)