Alogent Demonstrates Live Check 21 Intrabank and Interbank Image and Data Exchange Network at BAI TransPay.

Business Editors

BAI Transpay Conference

Booth Number 709

LAS VEGAS--(BUSINESS WIRE)--May 18, 2004

Twelve partners and alliances showcase end-to-end interbank

exchange with check truncation at the earliest points of presentment

Alogent Corp., a provider of payment transaction processing solutions for global financial institutions, remittance processors and payment processors, announced it is hosting the industry's first image and data Point of Presentment through Interbank Exchange network this week at the Banking Administration Institute's (BAI) TransPay Conference and Exhibition. Participants include industry technology leaders in image-enabled ATMs, image scanning devices, teller systems, recognition software, returns and exception processing, and integrated image archive systems. Attendees will see live demonstrations starting with check truncation at the point of presentment through interbank exchange and early exceptions detection and resolution at Alogent's Image and Data Exchange Community.

"Image exchange is more than just sending and receiving images," said Vijay Balakrishnan, Alogent's executive vice president of marketing. "The need of the hour is to have versatile solutions built on image workflows that can handle both internal exchanges from early points of presentment, like branches and ATMs, and external exchange through paper, data and image. It must be capable of full participation in exchange networks, archives and other systems, including those traditionally thought of as Day 2 systems. We are pleased to be able to demonstrate this flexibility in conjunction with our partners."

Alogent is demonstrating a full complement of Check 21-enabled payment and deposit processing solutions using a single platform to accommodate both intrabank and interbank transactions involving paper, data and image. This includes its Sierra Xpedite(R) and Sierra(R) Xchange(TM) products, integrated to deliver Straight Through Check Processing(TM) and Interbank Exchange.

Some of the live demonstrations at the Alogent Image and Data Exchange Community include deposit automation at branch teller counters, back counters and ATMs, walk-in bill payments, image quality analysis, virtual proof of deposit, virtual inclearing, early exceptions detection and resolution, substitute check (IRD) printing, and integrated image archive, X9.37 image send and x9.37 image receive.

Alogent's partners and alliances at BAI TransPay include: BancTec (booth #809), CTS North American, Inc. (booth #708), Data Support Systems (booth #717), Diebold (booth #713), Digital Check (booth #915), DRS (booth #710), DSS (booth #717), Endpoint Exchange (booth #827), IBM (booth #512), Mitek (booth #818), Mobius (booth #709), Panini (booth #813) and S1 (booth #709).

Alogent is participating in IBM's Check Image World Forum on May 17 and 18 and in the IBM Community at TransPay. In preparation for this event, Alogent is integrating Sierra Xpedite and Sierra Xchange with IBM's Image Check Processing Control System (imageCPCS). The solution sends updates to IBM's imageCPCS Gateway and on to CPCS, and enables financial institutions to benefit from integrated image and data workflow technology from all points of presentment through to their image payment system update. The image workflow brings the processing efficiencies of Alogent's Extensible Deposit Automation(TM) and Straight Through Check Processing solutions to the CPCS and imageCPCS platforms.

About Alogent

Alogent is a financial services 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 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].