Alogent Wins Industry Accolades from International Publication, The Banker; Company Recognized for Best in Class Deposit Automation Software.Business Editors ATLANTA--(BUSINESS WIRE)--June 7, 2004 Alogent Corp., 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, announced it has won The Banker magazine's 2004 Technology Award for Branch Automation software innovation and excellence in payment processing. The award references the company's Extensible Deposit Automation(TM) solutions, which employ its Sierra Xpedite(R) and Sierra(R) Xchange(TM) products. "Being recognized as industry innovators innovators people who will try new things. early innovators important figures in the farming or client community because they are the leaders in the introduction of new techniques and management systems. and thought leaders by The Banker magazine is very rewarding for us," 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. of Alogent Corporation. "Our growth and success in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. mirror nearly a decade of proven experience in the U.K. Alogent's team of talented individuals are dedicated to the development and implementation of the most efficient payment processing solutions in the world, reinforcing our commitment 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. industry as well as the value of our offerings." Alogent's Extensible Deposit Automation solutions deliver the most advanced image and data processing data processing or information processing, operations (e.g., handling, merging, sorting, and computing) performed upon data in accordance with strictly defined procedures, such as recording and summarizing the financial transactions of a technology to capture, validate To prove something to be sound or logical. Also to certify conformance to a standard. Contrast with "verify," which means to prove something to be correct. For example, data entry validity checking determines whether the data make sense (numbers fall within a range, numeric data , correct, manage and distribute payments and deposits from all points of presentment presentment: see indictment. . These include branch front and back counters, image ATMs, cash vaults, merchant and corporate offices. While each deposit automation solution addresses a specific need, they all share common technology and open architecture. This uniform extensibility of function and rules allows the integration of the company's Sierra Xpedite and Sierra Xchange products and extends seamless Straight Through Check Processing(TM) to all points of presentment and on through central processing. These solutions have been successfully deployed in the United States and the U.K. at some of the largest financial institutions in the world. The Banker Technology Awards 2004 recognize the innovation and excellence of technical applications and services for the front, middle and back-office functions in financial services companies as well as recognizing innovation in the way that solutions or service providers enable financial institutions to address various business challenges. The aim is to provide an index to guide company executives globally on the leading solutions and 'best practices' in key business areas. The Banker magazine is the monthly banking title of the Financial Times and has been producing global financial intelligence for 78 years to senior executives within banks, governments and corporate organizations. It is the only international title to cover retail, commercial and investment banking all together and the technology needed to run those institutions. In related news, Alogent's Geisel was recently named Southeast Technology Entrepreneur of the Year by the American Electronics Association The American Electronics Association (now known as AeA) is a nationwide non-profit trade association that represents all segments of the technology industry in the United States. (AeA) 2004 Southeast Spirit of Endeavor Awards Program. He was recognized for displaying leadership in the financial services technology industry and for his role in guiding the company's recent achievements, which support the continued growth and success of the company as well as the technology industry in general. AeA is the largest association of high-tech companies in the United States, representing all segments of the industry and 1.8 million employees. About Alogent Alogent is a financial services 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 suite of Sierra solutions help banks adapt to Check 21, check truncation and paper-to-electronic transformation. They include solutions for deposit automation, image based 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. item processing, image exchange and the unique Straight Through Check Processing. Alogent products process over a billion transactions a year in the U.S., and the company provides the platform that processes 74 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 777.752.6400; 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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