Alogent Exhibits Multi-Partner Branch Network at BAI's Retail Delivery 2002; Deposit Automation Helps Financial Institutions Transition to Check Truncation.Business Editors/High-Tech Writers BAI's Retail Delivery Expo 2002 ATLANTA--(BUSINESS WIRE)--Oct. 29, 2002 Alogent Corp., a leading developer 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 and remittance processors, is showcasing integrated branch deposit automation at BAI's Retail Delivery 2002, with a multi-partner live demonstration on the show floor. Payments and deposits captured at five-partner "virtual branches" will be transmitted in real-time and processed at the "Bank of Alogent" (booth #1117), which will function as the bank of first deposit. Companies working with Alogent in its virtual branch network include the following capture device, technology, and software vendors: Digital Check (booth #647), Epson (booth #1400), Intel Corporation/Microsoft (booth #1507), Panini Panini (pä`nēnē), fl. c.400 B.C., Indian grammarian. His Ashtādhyāyī [eight books] (tr. 1891) is one of the earliest works of descriptive linguistics and is also the first individually authored treatise on Sanskrit. (booth #2211), Seac Banche (booth #438) and A2iA. The purpose of the live demonstration is to showcase the combined automation and electronification capabilities of these partners' products and of Alogent's Sierra Xpedite as they speed the deposit process, reduce work, and increase quality. These advantages result in customer service benefits (more time to sell to the customer, fewer errors, early access to customer account information); bank-revenue benefits (earlier deposits and increased float income); earlier dissemination of balanced transaction data and images to image archive and a relational database relational database Database in which all data are represented in tabular form. The description of a particular entity is provided by the set of its attribute values, stored as one row or record of the table, called a tuple. ; and reduced processing costs due to fewer errors and exceptions. The live demonstration features the strategic solution implemented by two of the world's top 25 financial institutions (Lloyds TSB Lloyds TSB Group plc (LSE: LLOY) is a banking and insurance group in the United Kingdom. It was formed in 1995 by the merger of Lloyds Bank and the Trustee Savings Bank (TSB). The Group's head office is at 25 Gresham Street, London. and Barclays Bank Plc) to transition their retail operations from paper to electronic processing using Alogent's Sierra Xpedite in the branch network and Sierra Clearing in the central processing operation. "We are pleased to join forces with our partners to showcase the versatility and reach of our deposit automation solution at BAI n. 1. a language spoken in the Dali region of Yunnan. Noun 1. Bai - the Tibeto-Burman language spoken in the Dali region of Yunnan Baic Retail Delivery '02," said Vijay Balakrishnan, vice president of marketing at Alogent. "Flat check volumes, Check 21 (formerly Check Truncation Act), and alternatives such as ACH conversion are driving significant interest in check truncation, imaging and improvements in transaction processing efficiency. Our live, multi-virtual branch demonstration using proven products enables bankers to see how deposits made anytime, anywhere can be captured, validated, distributed, and processed to deliver paper truncation, process improvement and cost reduction benefits." As part of a contest at the show, Alogent is distributing a brochure describing the virtual branch network and a cash envelope to all BAI registrants. Attendees are encouraged to bring the cash envelope - which contains Alogent checks - to Alogent's virtual branch partner booths throughout the BAI exhibit hall. Each time an attendee visits a partner booth for the first time, they earn another entry in the drawing for a $1,000 Circuit City gift certificate. At the partner virtual branches, attendees write in an amount on an Alogent check as well as complete a payment stub A small software routine placed into a program that provides a common function. Stubs are used for a variety of purposes. For example, a stub might be installed in a client machine, and a counterpart installed in a server, where both are required to resolve some protocol, remote procedure or deposit slip. After the deposit is processed and posted using Sierra Xpedite software, attendees can see that the images and data are sent to the clearing center at the Bank of Alogent booth using secure intranet technologies. If attendees want "cash back" from their transaction, they are provided with Alogent "play" money to put in their cash envelope, along with details that vouch for vouch for verb 1. guarantee, back, certify, answer for, swear to, stick up for (informal) stand witness, give assurance of, asseverate, go bail for verb 2. the balanced and posted transaction. By visiting the Alogent booth with their cash envelope at the completion of their virtual branch visits, attendees can view the transactions they conducted at the branch locations and see how Alogent's software electronically processes images and data from the point of deposit through the clearing process, with paper to follow. In addition, attendees learn how items such as cash-in/out tickets are eliminated at the virtual branches using Alogent's Sierra Xpedite software, and how other paper items, like on-us checks and credit slips, may be truncated at the branches, if desired, or follow in one trip to the center at the end of the business day. Attendees can also learn more about the benefits of moving from paper to electronic processing including increased processing speed See MHz. , reduced errors, earlier recognition of cleared funds, reduced processing costs and reduced exceptions by attending Alogent's Solutions Showcase entitled "Adding Value (to Your Bottom Line) with Deposit Automation." The presentation will be held on Wednesday, November 6th at 11:15 a.m. in room 306. About Alogent Alogent develops and delivers open-architecture item processing software to banks, billers and payment processors who want to make payment processing more efficient and more profitable. Alogent specializes in high speed, high-volume transaction processing on a server-based platform that processes both paper and electronic payments. Alogent's solutions for front office deposit automation and accelerated central item processing are scalable, Web-deployed, and based on Microsoft Windows See Windows. (operating system) Microsoft Windows - Microsoft's proprietary window system and user interface software released in 1985 to run on top of MS-DOS. Widely criticised for being too slow (hence "Windoze", "Microsloth Windows") on the machines available then. , SQL Server An earlier relational DBMS from Sybase and from Microsoft. Sybase introduced SQL Server in 1988 for various Unix versions. In that same year, with help from IBM, Sybase created an OS/2 version that Microsoft licensed and branded as Microsoft SQL Server. and Windows DNA (Distributed InterNet Architecture) An umbrella term for Microsoft's enterprise network architecture built into Windows 2000. It includes all the following components that collectively provide a Web-enabled infrastructure for an organization. and XML XML in full Extensible Markup Language. Markup language developed to be a simplified and more structural version of SGML. It incorporates features of HTML (e.g., hypertext linking), but is designed to overcome some of HTML's limitations. architecture. For additional information, please visit the company's Web site at www.alogent.com, or contact Alogent at these locations: U.S. Headquarters: 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 Ph: 770.752.6400; Fax 678.966.9124 or London Sales and Support, Alogent Corporation, Cardinal Point cardinal point n. 1. One of four points in the pelvic inlet toward which the occiput of the fetus is usually directed in cases of head presentation. 2. , Park Road, Rickmansworth, Herfsfordshire, England WD3 1RE. Phone: 011 44 1923 432643; Fax: 011 44 1923 432843; U.K. Sales: Melvyn.Clifford@alogent.com. Alogent Partners Tom Gibbs, Director of Industry Marketing, Intel "Intel supports the introduction of innovative banking business processes which save time, money, and improve the quality of the customer experience. Alogent's cutting-edge, extensible deposit automation software, complemented by an agile, distributed infrastructure of rich clients and powerful servers via powerful Intel-based solutions, drives this business value and capability to the origination point of deposit and payment transactions - the branches." Kevin Kunz, Business Development Manager - Distributed Item Capture, Panini North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. "This combination of Panini's world-class solutions for check imaging systems and Alogent's versatile deposit automation software allows financial institutions to immediately increase productivity and reduce costs while increasing revenue opportunities throughout their branch networks." Keith Bagnall, Functional Design Authority - Channel Systems, Lloyds TSB Bank plc "Seac Banche's advanced check scanners, integrated with Alogent's software, have helped Lloyds TSB over the last seven years by automating our check processing functions, thereby cutting costs, improving efficiencies and allowing us to focus on our most important asset: our customers." Jean-Louis Fages, 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. , A2iA Corp. "The advanced full-check recognition capabilities of A2iA CheckReader, in collaboration with Alogent's deposit automation software, deliver high CAR and LAR read rates and automate information capture from various handwritten hand·write tr.v. hand·wrote , hand·writ·ten , hand·writ·ing, hand·writes To write by hand. [Back-formation from handwritten.] Adj. 1. fields of deposit slips and payment coupons at the point of presentment. Financial institutions benefit from faster data capture, reduced teller workloads, reduced errors, and increased customer satisfaction." John Gainer, EVP EVP Executive Vice President EVP EGR (Exhaust Gas Recirculation) Valve Position Sensor EVP Electronic Voice Phenomenon EVP Europäische Volkspartei (Germany) EVP Employee Value Proposition , Digital Check Corp. "Digital Check's family of affordable and high quality check scanners, in concert with Alogent's innovative deposit automation software, provide the perfect platform for customers looking to save money and time in their transaction processing operations, and to position themselves for future truncation and electronification initiatives." Bud Weist, VP System Device Group, Epson "Epson's TransScan POS (1) See point of sale and packet over SONET. (2) "Parent over shoulder." See digispeak. POS - point of sale digital check imaging solution and Alogent's deposit automation software combine to give banks unparalleled savings in check processing costs, and reduce losses due to fraud." Heiko Oberman Heiko A. Oberman (1930-2001) was a historian and theologian who specialized in the study of the Reformation. Oberman was born in Utrecht, the Netherlands. He earned his doctorate in theology from the University of Utrecht in 1957 and joined the faculty of the Harvard Divinity , President, Seac Banche "Seac Banche's advanced data and image capture products, seamlessly integrated with Alogent's deposit automation software, provide banking customers with a reliable and flexible front-office solution that positions them for success - now and well into the future." |
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