Alogent Introduces the Banking Industry's First Branch-to-centre Integration Workflow.

Business Editors & Technology Writers

LONDON--(BUSINESS WIRE)--June 18, 2001

Alogent Corp., provider of open-architecture payment processing software and technology to large financial institutions and remittance processors, today introduced its eList Workflow, which integrates front and back counter capture with high-volume central processing environments.

Developed initially for the UK banking industry, the advanced eList Workflow is unique in that it integrates front and back office processing by combining Internet-accelerated, balanced and posted branch transactions with a streamlined, exception-focused, central reconciliation process.

The company's technique of using an electronic "add list" database populated from all branches, and largely automated, server-based processes for Day 1 and multi-day "expert" reconciliation--rather than images--dramatically reduces the number of items that must be handled manually.

Alogent's end-to-end solution is also unique in that it was designed to enhance existing legacy item processing systems in the back office, while providing open, Web-delivered, XML interfaces to third-party payment acceptance, teller system, and fraud detection applications in the front office. This use of Internet technology enables the institution to benefit from remote-site, image-assisted data entry and POD balancing.

Alogent recently deployed its Sierra solutions--with front office image capture integrated with central operations eList processing--for a major UK bank.

Brian Geisel, Alogent's founder and CEO, described the branch-to-centre integration provided by eList workflow as innovative and strategic. "eList makes the distributed branch processing model work. By integrating and streamlining processes between branch and central clearings, it provides both the operational efficiencies the banking industry requires to remain competitive and the customer-focused opportunities it wants to pursue. Daytime POD, branch check truncation, expanded customer service hours, and flexible customer access channels can be delivered today, while our transparent processing platform allows you to make a gradual transition from paper to electronic payments tomorrow."

The complete electronic workflow--from branch to centre--makes use of the powerful, patent-pending Alogent algorithms for data matching to enable business benefits of reduced effort in the clearing centre, along with significantly improved quality of transactions.

eList workflow combines the fundamental strength of Alogent's back office solution in central operations, Sierra Clearing, with the flexibility of the Web-enabled branch network in Sierra xClearing. By combining Web-based data transfer from remote locations with fast, efficient data capture, correction and balancing, Alogent has built a complete front and back office solution that can fit into existing teller systems and can utilise sorter devices from multiple vendors for full scalability. Leveraging current technology and business domain knowledge, Alogent has proven the value of distributed capture payment processing that integrates the branch network and central operations.

About Alogent

Alogent develops and delivers the Sierra(R) Clearing open-architecture payment processing software solutions to banks, financial institutions, and billers who want to make payment processing more efficient and more profitable. Alogent specializes in high speed, high-volume transaction processing on a platform that processes both paper and electronic payments in one workflow. Alogent's front and back office image and MICR payment solutions are scalable, web-deployed, and based on the Microsoft DNA architecture, Distributed Component Object Model processing (DCOM), and Extensible Markup Language (XML) paradigm.

Please visit the company's website at www.alogent.com or contact Alogent at its UK/EMEA Sales & Support Office, 9th Floor, St. Alphage House,. 2 Fore St, London EC2Y 5DA England. Ph: [phone]. Fax: [phone].