Alogent Launches ASP Solution for Remote Deposit Automation; FISC Selected to Provide Efficient Turnkey Alternative to In-House Solution.LAS VEGAS Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States. -- Alogent Corp., a leading provider of enterprise 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 processors, today announced a new fast and easy go-to-market strategy for remote deposit automation between commercial clients and financial institutions. Alogent, partnering with FISC fisc n. The treasury of a kingdom or state. [French, from Latin fiscus, money basket, treasury.] Noun 1. -- a proven payment processor to the banking industry - will provide a new application service provider (ASP) offering to the 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. marketplace. "Remote deposit is a unique product offering that drives net new revenue to financial institutions' treasury departments," said Brian Geisel, founder 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. at Alogent. "As a solution provider for banks and credit unions of all sizes, our customers have requested a turn-key approach that can be deployed in just a matter of weeks. We are excited about our new ASP offering, as it meets our clients' needs as well as leverages Alogent's market leading remote deposit thin-client software that is installed in over 200 banks and credit unions." Specific features of Alogent's ASP Solution include automated set-up for banks and users, "no-touch" deployment, along with full user authentication See authentication. and security. The ASP solution is supported by a unique user interface that offers branding for each financial institution, image capture and validation as well as real-time image quality and usability to minimize image quality warranty risk for the institution, while minimizing operator effort. Additional functionality includes CAR/LAR to automate dollar amount capture and allow amount field correction for deposit balancing. Duplicate item detection across multiple days minimizes duplicate presentment risk whether inadvertent or with fraudulent intent. Alogent's ASP Solution utilizes the core functionality of Sierra Xpedite(R) Remote Deposit(TM) Smart Client, along with Sierra Xchange(TM). Commercial client deposits are captured, validated and balanced at the customer's site using a small footprint scanner device and the Web. The images are processed at the FISC ASP facility in Lewiston, Me. for consolidation and presentment using Sierra Xchange(TM) which then generates X9 or 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. format output files for delivery to the financial institution for electronic deposit or IRD IRD Institut de Recherche pour le Développement (French) IRD Inland Revenue Department (New Zealand's tax revenue collection department) IRD Integrated Receiver Decoder printing. "Having provided payment solutions for nearly 30 years, FISC has a proven track record in providing high quality transaction processing for financial institutions," said Carol T. Sabasteanski, president and CEO of FISC. "The Alogent/FISC partnership will combine the industry's leading deposit automation software with FISC's operational expertise to provide a premier ASP solution," she added. For added customer benefit and speed to market, Alogent also provides product training, marketing and sales kits, and turn-key hardware deployment to assist financial institutions in quickly getting their remote deposit automation products distributed and deployed. In addition, document templates assist with easily created welcome kits and other documentation that can be custom branded for each specific client. Specialized training on the remote deposit solution for sales and treasury services Treasury services is a function of an investment bank which provides transaction, investment and information services for chief financial officers, treasurers. Treasury services concentrates and invests client money, and provides trade finance and logistics solutions as well as staff is also available upon request. About FISC Since 1977, FISC has provided services to financial institutions and other businesses. The company designs and implements full-service outsourcing solutions that make the operations of financial, insurance, government, not-for-profit, and other organizations more efficient and more affordable. FISC has offered internet-based solutions to its clients since 1997 when it introduced IWEB, a transaction archive and retrieval tool currently utilized by thousands of commercial and retail customers. FISC's services include item processing, cash management (retail and wholesale lockbox) services, item imaging, loan servicing Loan servicing is the process by which a mortgage bank or subservicing firm collects the timely payment of interest and principal from borrowers. The level of service varies depending on the type loan and the terms negotiated between the firm and the investor seeking their services. , statement and invoice printing, creative marketing services, disaster recovery and archival services, printing services, inventory management for brochures and other printed documents, and mailing services. For more information, visit www.fiscsolutions.com or call 1.888.433.4924. About Alogent Founded in 1995, 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 image processing Set of computational techniques for analyzing, enhancing, compressing, and reconstructing images. Its main components are importing, in which an image is captured through scanning or digital photography; analysis and manipulation of the image, accomplished and settlement. Alogent is the deposit automation market leader with our platform processing billions of payments annually with over 35,000 desktop points of presentment sold. The company's customers include HSBC HSBC Hongkong and Shanghai Banking Corporation HSBC Humane Society of Broward County (Florida) HSBC Humane Society of Bay County (Bay County, Michigan) , KeyCorp, 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 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 888.333.6030. |
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