Alogent's Deposit Automation Solutions Selected by E*TRADE Bank.

ATLANTA -- Alogent Corp., a provider of payment processing solutions for global financial institutions, remittance processors and payment processors, announced E*TRADE Bank will pilot the company's Remote Deposit Automation Solution for the capture and transmission of check images directly to the bank. The solution provides more efficient check clearing through a Check 21 based system, reducing deposit preparation and enabling earlier transaction posting.

"Alogent consistently works to extend the parameters of Straight Through Check Processing(TM) for the financial services industry," said Brian Geisel, CEO of Alogent. "Innovative organizations like E*TRADE Bank are setting the pace in changing the way payments are accepted and processed."

"Check 21 technological advances and efficiencies will provide new opportunities for our customers to manage their investing, trading and banking needs. We are actively testing solutions that will bring these advances into the lives of our customers," said Steve Gutterman, Executive Vice President, E*TRADE FINANCIAL.

The solution includes Alogent's Sierra Xpedite(R) Remote Deposit(TM) at remote locations integrated with Sierra(R) Xchange(TM) at E*TRADE Bank's processing centers. Sierra Xpedite captures, validates and manages payments and deposits by check at all points of presentment including branches, ATMs, cash vaults, merchant and corporate locations. Sierra Xchange is a virtual check processing engine that collects transactions from distributed points of presentment, applies workflows and intelligently routes image, data and paper to endpoints based on unique business rules.

About Alogent

Alogent is a financial services technology company with proven global success in Alogent's Deposit Automation Solutions Selected by E*TRADE Bank 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's suite of providing payment processing solutions that enable banks, billers and outsource processors to Sierra solutions help banks adapt to Check 21, check truncation and paper-to-electronic transformation. They include solutions for deposit automation, image based centralized item processing, image exchange and the unique Straight Through Check Processing(TM).

Alogent products process over a billion transactions a year in the United States, and the company provides the platform that processes 74 percent of all checks written in the United Kingdom.

Alogent's solutions are being deployed to the largest deposit automation implementations in the world. Alogent brings proven credibility and leadership to help global customers address mission-critical challenges. For more information about Alogent's solutions, visit www.alogent.com.

For more information about Alogent in the USA, write 4005 Windward Plaza, Second Floor, Alpharetta, GA 30005; phone [phone]; toll free 888.333.6030; fax [phone] or email [e-mail]. For sales in the UK, phone [phone]; fax: [phone] or email [e-mail].