Alogent Announces the Sierra 6.0 Platform for Corporate and Branch Deposit Automation; Sixth Generation Sierra Suite of Products Provides Straight Through Check Processing(TM) for Financial Institutions and Processors.

SAN DIEGO -- Alogent Corp., a leading provider of enterprise payment transaction processing solutions for global financial institutions and processors, today announced general availability of its sixth generation software platform - Sierra Xpedite(R) and Sierra Xchange(R) 6.0. The software suite provides functionality to support financial institutions and their corporate customers of all sizes, as well as a scalable and hosted model that allows banks and processors to offer low-cost branded solutions to numerous financial institutions.

"Our ability to cost-effectively scale and process from just a handful of items to several thousand items per day is indicative of the high volume extensibility of Alogent's second generation web-based remote deposit automation software," said Paul Citarella, EVP at Alogent Corp. "We are pleased to bring to market a feature rich solution that generates organic growth by increasing revenues through an expanded customer base that knows no geographic bounds," he added.

Sierra Xpedite 6.0(R) and Sierra Xchange(R) 6.0 both feature mulitbank support, which allows a hosting/clearing bank or third-party processor to manage, track, report and settle individually for depositing banks - including private label or branded offerings.

"This new product release from Alogent will build on the success our in-house and outsourced financial institution clients have already experienced with ITI's Virtual Transaction Suite," said Brian Schwanebeck, ITI senior vice president and general manager of the Digital Solutions operating unit. "By leveraging these enhancements, they'll be able to establish additional efficiencies and functionality."

Benefits of Sierra Xpedite(R) Remote Deposit 6.0 include the implementation of a server-based scalable architecture platform for real-time processing. Smart client technology - which combines the ease of deployment of Web-based thin clients and rich user interface and functionality of desktop-based client applications - significantly enhances the speed of customer deployment and maintenance updates as well as alleviates the need to manually install and configure software at the client site. This capability is further extended for a bank's correspondent clients and processors who provide hosted private label products to clients of multiple financial institutions. Managing real time processing through the use of a shared, secured and scalable server provides an economical way to extend market share capabilities.

"Simple deployment reduces bank implementation costs, effort and corporate customer training time," said Don Marks, Senior Vice President, at SunTrust Banks, Inc. "By assisting our valued customers in implementing an easy-to-deploy web-based application that integrates and automates the check deposit process into their daily operations, we are increasing efficiencies for both us and them. It's a true win-win situation."

Sierra Xpedite(R) 6.0 end-user enhancements further extends the power of remote deposit software, regardless of whether a few checks or several thousand checks are deposited each day. Financial institutions can easily configure business rules and

balancing aides to help clients navigate and quickly identify checks that need to be corrected as well as balance large deposits for optimized deposit processes. Sierra Xpedite(R) Remote Deposit 6.0 also includes the ability to define, capture, report and store corporate depositing customer identification for enhanced security and audits.

"An advanced architectural platform that supports smart client deployment is critical as remote deposit implementations scale both up and out," said Alenka Grealish, manager of the banking group, Celent LLC. "With this release, Alogent is staying at the forefront of technological advancement. A smart client offering will further spur growth in remote capture by alleviating the need to deploy and support software at the client's location, thereby saving time and resources at both the bank and for its customers," she added.

In addition to the new enhancements in Sierra Xpedite(R) Remote Deposit 6.0, the software builds on the existing software foundation which includes support for centralized and real-time data and image validations, image recognition, image quality, duplicate item detection and business rules to manage deposits.

About Alogent

Founded in 1985, Alogent Corporation is a leading global provider of enterprise payment processing solutions that enable financial institutions and processors to accelerate the conversion of paper to electronic processing. The company's Sierra suite of solutions automates payments and deposits at every point of presentment - including branches, ATMs, merchants, corporations and cash vaults - while optimizing electronic data and

image processing and settlement. Alogent is the deposit automation market leader with our platform processing billions of payments annually with over 33,000 desktop points of presentment sold. The company's customers include HSBC, KeyCorp, Lloyds TSB and SunTrust, among others. Alogent brings proven delivery and leadership to help customers worldwide address mission-critical challenges. For more information, visit www.alogent.com or call 800.333.6030.