Alogent Releases Strategic Product to Lloyds TSB for Integrating Front and Back Office.

Business Editors & Technology Writers

ATLANTA--(BUSINESS WIRE)--April 2, 2001

Alogent Corp. announced today the release to Lloyds TSB of strategic product solutions that accelerate branch transactions through integration of front and back office processing.

Alogent's software solutions provide the fast, on-the-spot front office processing required in the branches, the data transfer and posting needed to move the data to the clearing centers, and the reconciliation and reporting required in the back office. The distributed capture software product, Sierra xClearing, combines front office and back office processing requirements with the efficiency and cost-savings of off-site processing.

Brian Geisel, Alogent's founder and CEO, described the solution delivery as innovative and strategic. "We partnered with Lloyds TSB to deliver the account migration solutions required to complete the merger of Lloyds and TSB banks. Based on our consistent record of delivering a quality product on time and on budget, we have grown to provide not only the central operations clearing solution but also the branch image capture solution for Lloyds TSB. The delivery of the Alogent solution allows for continued growth of Lloyds TSB in the payments clearing arena."

Jo Palmer, Projects Director, Group Operations, for Lloyds TSB Group declares, "Alogent has delivered an exceptional product, chosen as a core component for our mission-critical program to merge the two banks, Lloyds and TSB. We are very excited by this product delivery, and the reputation that Alogent has built with us makes Lloyds TSB pleased to depend on them for our future growth. The Alogent Sierra Clearing platform is a key asset we bring to iPSL."

iPSL is a recently formed joint venture between Lloyds TSB, Barclays, and Unisys Payment Systems Limited (UPSL), which will provide the utility of check and credit clearing for the member financial institutions and other clients.

With the release of the Sierra Clearing product to Lloyds TSB for its Integrated Outclearing Program (IOP), Alogent has enabled Lloyds TSB to move from a conventional mainframe platform to a strategic, image-based Windows NT platform for all data capture. The innovative eList workflow has facilitated the electronic transfer of data processed at remote branches and the reconciliation of that data at a central clearing house. In fact, the rollout of the software is well on its way, with over 600 branches converted out of a total implementation of 2200 branches. Lloyds TSB is using Sierra Clearing running on Unisys NDP sorters and NT servers to capture image and codeline data. Sierra Clearing's eList workflow is used to match the captured codeline data to the electronic branch data and to reconcile the amounts entered at the branch. The complete electronic workflow makes use of the powerful Alogent algorithms for data matching to enable business benefits of reduced effort in the clearing center, along with significantly improved quality of transactions.

Working with its partners, A2iA and ManTech Advanced Recognition Limited, Alogent recently delivered software for the deployment of 310 SEAC RDS3000 high-volume back counter readers in branches where Alogent's Sierra xCapture is used to read and correct data, post it to accounts in real-time, and feed the branch data to an existing teller system application. Lloyds TSB will be the first to benefit from the combination of advanced handwriting recognition and the eList workflow. With its European-based partner A2iA, Alogent has integrated CheckReader's CAR/LAR for handwriting recognition into Sierra xClearing's workflow. This solution enables device-independent flexibility, document and currency internationalization, and easy deployment in distributed applications. With a full-blown Sierra xClearing installation, data correction and transaction balancing is efficiently performed through Alogent's suite of Web-based applications and XML delivery for later payment clearing, reconciliation, research, and reporting.

This is the most exciting Alogent software release because it combines the fundamental strength of the back office solution in central operations, Sierra Clearing, with the flexibility of the Web-enabled front office in the 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 slot right into existing teller systems and utilize sorter devices from multiple vendors for full scalability. Leveraging current technology and business domain knowledge, Alogent has proven the scalability of distributed capture payment processing in both the branch network and in 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 Corporation, 155 Technology Parkway, Suite 400, Norcross, GA. 30092. Ph: 678/966-0908 ext. 500; Fax [phone].