Alogent Announces Contract for Enterprise Implementation of Deposit Automation at Corporate One Federal Credit Union.ATLANTA -- Solution Offers Image-Based Automation of Check Deposits at Branch Teller TELLER. An officer in a bank or other institution. He is said to take that name from tallier, or one who kept a tally, because it is his duty to keep the accounts between the bank or other institution and its customers, or to make their accounts tally. and Back Counters Alogent Corp., a provider of payment transaction processing Updating the appropriate database records as soon as a transaction (order, payment, etc.) is entered into the computer. It may also imply that confirmations are sent at the same time. Transaction processing systems are the backbone of an organization because they update constantly. solutions for global financial institutions, remittance Money sent from one individual to another in the form of cash, check, or some other manner. Financial statements sent by a creditor to a debtor frequently refer to the process of submitting a monthly remittance. REMITTANCE, comm. law. processors and payment processors, announced that it signed a contract with Columbus, Ohio-based Corporate One Federal Credit Union for an enterprise-wide implementation of the company's Sierra(R) Xpedite(TM), extensible deposit automation (TM) solution. Corporate One will use Alogent technology to deliver image and data capture, validation and management of check deposits as part of its Check 21 infrastructure and solution development strategy for its member credit unions and their branches. "Check 21 is an opportunity for Corporate One and the hundreds of credit unions we serve to reduce costs and processing time," said Lee Butke, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Corporate One. "Today, we offer check imaging services to almost 400 credit unions. The Alogent technology will let us provide these services faster and expand our offering to capture images earlier and at every physical point of deposit. Even more compelling than the opportunity to eliminate processing pains is our ability to eliminate the geographical constraints CONSTRAINTS - A language for solving constraints using value inference. ["CONSTRAINTS: A Language for Expressing Almost-Hierarchical Descriptions", G.J. Sussman et al, Artif Intell 14(1):1-39 (Aug 1980)]. around offering service to credit unions and corporate depositors anywhere in the country." Sierra Xpedite automates deposits through the capture, validation and management of transactions at points of physical payment. These include branch teller counters, back counters, ATMs, corporate and merchant locations and walk-in payment locations. The solution's data and image workflow, automation and recognition technology reduces workload, catches errors earlier and eliminates many internal paper documents immediately. At Corporate One, Sierra Xpedite will capture and validate the data and image of all deposits involving checks. Internet technologies and image workflow deliver transaction data and images to the processing center throughout the day for remote collection and archival, if needed, of transaction documents captured at the back counter. "Our mission is to offer progressive institutions the image-enabling technologies that change the nature of the way checks are processed in this country," said Brian Geisel, founder and CEO of Alogent Corporation. "We are excited that Corporate One shares this vision for the credit union marketplace. They have been on a path toward Check 21 readiness and heightened member service through image enabled check processing for almost five years. They are clearly a thought leader in this space; our technology will allow them to offer even more efficiency and service options to their member institutions. We are proud to be working with them." About Alogent Alogent is a financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. technology company with proven global success in 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 Sierra solutions help banks adapt to Check 21, check truncation and paper-to-electronic transformation. They include solutions for deposit automation, image based centralized cen·tral·ize v. cen·tral·ized, cen·tral·iz·ing, cen·tral·iz·es v.tr. 1. To draw into or toward a center; consolidate. 2. 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 United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , 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 wind·ward adj. 1. Of or moving toward the quarter from which the wind blows. 2. Of or on the side exposed to the wind or to prevailing winds. adv. In a direction from which the wind blows; against the wind. Plaza, Second Floor, Alpharetta, GA 30005; phone 777.752.6400; toll free 888.333.6030; fax 770.752.6500 or email info@alogent.com. For sales in the UK, phone 011 44 1273 414011; fax: 011 44 1273 414311 or email Haydn.John@alogent.com. About Corporate One Corporate One is a leading wholesale financial services provider to more than 750 of America's credit unions. With assets of more than $3.0 billion, Corporate One offers settlement services including ATM/debit cards, share draft imaging, and depository The place where a deposit is placed and kept, e.g., a bank, savings and loan institution, credit union, or trust company. A place where something is deposited or stored as for safekeeping or convenience, e.g., a safety deposit box. and electronic payment services Electronic Payment Services (Chinese: 易辦事), commonly known as EPS, is the largest electronic payment system in Hong Kong, Macau and Shenzhen starting from 1985. The service is provided by EPS Company (Hong Kong) Limited. to credit unions in Ohio, Indiana, Kentucky, and West Virginia West Virginia, E central state of the United States. It is bordered by Pennsylvania and Maryland (N), Virginia (E and S), and Kentucky and, across the Ohio R., Ohio (W). Facts and Figures Area, 24,181 sq mi (62,629 sq km). Pop. , as well as investment solutions to credit unions across the United States. Corporate One also developed and manages Alliance One - one of the nation's largest non-network-specific ATM selective-surcharging groups. |
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