Alogent Unveils Point-of-Presentment Deposit Automation Strategy for Check 21.Business Editors/High-Tech Writers 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 2003 NEW ORLEANS--(BUSINESS WIRE)--Nov. 19, 2003 Partnership and Integration with Strategic Hardware and Software Platforms Facilitates Straight Through Check Processing Alogent Corp. announced a series of partnerships as part of a wide-ranging Check 21 point-of-presentment deposit automation strategy that will be showcased with live demonstrations through an integrated network A network that supports both data and voice and/or different networking protocols. See converged network and new public network. of 13 partner booths at BAI's Retail Delivery Conference & Expo 2003. Alogent is a provider 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, remittance Money sent from one individual to another in the form of cash, check, or some other manner. Financial statements sent by a creditor to a debtor frequently refer to the process of submitting a monthly remittance. REMITTANCE, comm. law. and payment processors. "The key to a profitable transition from paper to a post Check 21 electronic payments infrastructure is to automatically capture, validate, proof and balance transactions at the earliest opportunity," said Vijay Balakrishnan, executive vice president of marketing at Alogent. "Automating deposits at multiple points of presentment including branch tellers, ATMs, self-service kiosks The self-service kiosk rose with the development of the ATM and adoption by consumers coupled with advanced technologies such as touch-screens. Self-service kiosks are hardware devices that work in combination with self service software, allowing users to perform any number of , cash vaults and points of presentment outside the bank itself enables improved customer service and transaction quality while significantly reducing end-to-end processing costs." Alogent has entered into partnerships centered on the successful integration of its Sierra Xpedite(R), extensible deposit automation(TM) product with key hardware and software platforms. At Retail Delivery, Sierra Xpedite will be operational in each of the partner booths--automating deposits and transmitting transactions in real-time to the Alogent booth. Visitors can ensure that checks deposited across varied and multiple points of presentment are automatically processed at each partner booth, and that all check data and images are virtually captured across a diverse point of presentment network, and processed for onward inter-bank exchange. Branch Teller Stations Sierra Xpedite is integrated with branch automation systems to capture check images, recognize amounts using intelligent character recognition In computer science, intelligent character recognition (ICR) is an advanced optical character recognition (OCR) system that allows fonts and different styles of hand writing to be learned by a computer during processing to improve accuracy and recognition levels. , and automatically proof and balance deposits. This enables branch personnel to devote more time to customer service. It also eliminates errors due to manual data entry, and makes real-time information available for added service, fraud detection, check truncation and image exchange. Alogent's branch automation partners are Getronics (booth number 2248), Harland Financial Solutions (booth number 2409) and TouchPoint Solutions (booth number 2647). Image Enabled ATMs Sierra Xpedite embedded Inserted into. See embedded system. in image enabled ATMs eliminates the difficult and labor-intensive envelope based process used with most ATMs today. It facilitates the issuance of a real-time proof of deposit, reduces fraud (for example, from empty envelopes), and can deliver savings in transportation through paper truncation. Alogent has partnered with Diebold, Inc. (booth number 2433) to bring this capability to market. Cash Vaults Cash vaults receive high volume mixed deposits of both cash and checks. Sierra Xpedite integrated with cash vault management systems ensures that all transactions are automatically proofed and balanced before leaving the vault. This reduces cost through streamlined workflows, and provides item-level accountability, with minimal impact on vault operations. Alogent and Glory (U.S.A.) Inc. (booth number 1746) have teamed to automate cash vault deposits. Self Service Kiosks Sierra Xpedite adds deposit automation capability to kiosks that supplement branch personnel and ATMs to deliver services such as check cashing, official checks, money orders, and money transfers. Sierra Xpedite reduces branch personnel workload, eliminates errors, and accelerates transactions by using automated image workflows and character recognition. Source Technologies (booth number 1017) and Alogent have joined forces to present this solution. Teller Station and Branch Back Counter Capture Sierra Xpedite is capable of working with a wide range of capture devices that vary in size, speed and other features. Simultaneous capture of check images and data can be performed at the branch teller station or at branch back counters for high-volume deposits. Alogent's transaction capture partners at this year's Retail Delivery are Canon (booth number 3136), CTS (1) (Clear To Send) The RS-232 signal sent from the receiving station to the transmitting station that indicates it is ready to accept data. Contrast with RTS. (2) (Common Type System) The data typing used in . (booth number 1040), Digital Check Corp. (booth number 2825), 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. NorthAmerica (booth number 2911), and Seac Banche USA (booth number 1958). Technology Partners Alogent is a Microsoft Certified Partner having demonstrated scalable solutions in high-volume environments in the U.K. and the U.S. Sierra Xpedite deposit automation is showcased in the Microsoft booth number 1523. Centralized cen·tral·ize v. cen·tral·ized, cen·tral·iz·ing, cen·tral·iz·es v.tr. 1. To draw into or toward a center; consolidate. 2. Virtual Capture and Virtual Check Processing Check images and data across all points of presentment are captured and processed by Alogent's Sierra(R) Xchange(TM) product as part of Straight Through Check Processing(TM). Showcased at the Alogent booth number 2723 will be Image Analysis, Virtual Proof of Deposit, Reconciliation and intelligent transaction routing for Image Exchange, ACH (Automated Clearing House) A system of the U.S. Federal Reserve Bank that provides electronic funds transfer (EFT) between banks. It is used for all kinds of fund transfer transactions, including direct deposit of paychecks and monthly debits for routine payments to conversion, and Image Replacement Document (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. Alogent's solutions are integrated with IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) (R) CPCS CPCS Common Part Convergence Sublayer CPCS College of Public and Community Service (various universities) CPCS Committee for Public Counsel Services (Massachusetts) CPCS Check Processing Control System , Unisys(R) IPS/ICPS and TriSyn SuperMICR along with the leading industry image archives. These interfaces along with Alogent's support for the open X937B image exchange standard enable end-to-end Straight Through Check Processing. About Alogent Alogent is a 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. 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 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 U.S., and the company provides the platform that processes 70 percent of all checks written in the UK. 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 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; phone 770.752.6400; toll free 888.333.6030; fax 770.752.6500 or email info@alogent.com. For sales in the UK, phone 011 44 1273 414011; fax: 011 44 1273 414311 or email Haydn.John@alogent.com. |
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