SunTrust to Deploy Alogent's Remote Deposit Automation for Corporate Clients; Solutions to Provide Remote Deposit Services and Straight Through Check Processing.ORLANDO, Fla. -- At the 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 TransPay Conference, 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 processors and payment processors, announced SunTrust Banks SunTrust Banks, Inc. (NYSE: STI) is an American bank holding company. The largest subsidiary is SunTrust Bank. It had $182.2 billion in assets as of December 31, 2006. , Inc., (NYSE NYSE See: New York Stock Exchange : STI STI systolic time intervals. ) will implement its Remote Deposit Automation solutions to enable automation and truncation of corporate and small business check deposits at client locations. The announcement follows SunTrust's successful December 2004 roll-out of its image and data exchange platform for Check 21, which is based on Alogent's Sierra(R) Xchange(TM), Unified Payments Gateway(TM). This paper-to-electronic payment conversion platform provides full, end-to-end integration of remote capture customer sites with the bank's processing centers. It also provides the bank with Straight Through Check Processing(TM) capabilities for other distributed points of capture, including branches, ATMs, cash vaults, and correspondent banks. Implementation of Alogent's Sierra Xpedite(R) Remote Deposit(TM) product at corporate capture sites is phase two of SunTrust's strategic roadmap for Check 21 and further strengthens the alliance between the two companies. Initial deployment of the product will be to corporate client and small-business offices. "In 2004, we positioned ourselves to be image-enabled and ready for Check 21 by putting in place a strategic image exchange platform," said Tim Sullivan, executive vice president and chief information officer, SunTrust. "That initial step, in partnership with Alogent, gives us a competitive advantage by enabling us to achieve all of the benefits of early check image and data capture and paper truncation at remote points of deposit, which we believe can only be effectively achieved through end to end integration. It also enables us to process our business customers' deposits with greater efficiency and accuracy. We are pleased to extend our relationship with Alogent and to be one of the first to offer a full portfolio of time and effort saving remote deposit services tailored to our business customers' needs." Alogent's Remote Deposit Automation solutions replace traditional deposit processes, reducing the time, effort and overhead costs overhead costs see fixed costs. associated with business deposit preparation, validation, transportation, processing, and management for both the bank and its corporate customers. Alogent's Sierra Xpedite-based Remote Deposit products deliver substantial depth and flexibility that allows the financial institution to tailor its products to the deposit volume, workflow, device and functionality requirements of its merchant and corporate customers, offering superior service and competitive differentiation of its products. At SunTrust, Alogent's Sierra Xpedite Remote Deposit will deliver important image workflow capability at the point of presentment, including real-time image quality analysis and image quality verification and duplicate detection. Quality and integrity suspects are detected and corrected automatically. These features provide integrated security and reduce the deposit risk associated with faulty images, duplicate deposits and manual keying errors. Amount entry and item correction are performed only as needed as needed prn. See prn order. from virtual locations, courtesy of Sierra Xchange. This Unified Payments Gateway also is integrated with a variety of other systems, including IBM CPCS and the Viewpointe ImageShare(TM) service. Alogent's next generation Remote Deposit Automation solutions are built on the Microsoft .NET See .NET. framework, with Smart Client architecture, that combines the ease of deployment of Web-based thin clients with the rich user interface of desktop-based thick client applications. Deploying Alogent's Remote Deposit solutions allows SunTrust to offer seamless integration An addition of a new application, routine or device that works smoothly with the existing system. It implies that the new feature or program can be installed and used without problems. Contrast with "transparent," which implies that there is no discernible change after installation. of remote deposit processing with their corporate banking internet portal for one consistent look and feel across all banking services. The architecture supports "no-touch" deployment, on-going client configuration updates, such as adding new users and accounts, and automatically delivers software updates when corporate clients log on to the system. 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, said, "Our Sierra Xpedite Extensible Deposit Automation(TM) technology is the foundation of all of our distributed capture products, whether they are automating deposits at the teller, the ATM, the cash vault or at business customer sites. Alogent is pleased to have been chosen by SunTrust as their remote deposit solution provider for this strategic business and corporate cash management solution." About SunTrust SunTrust Banks, Inc., headquartered in Atlanta, Georgia, is one of the nation's largest commercial banking organizations. As of March 31, 2005, SunTrust had total assets of $164.8 billion and total deposits of $107.5 billion. The company operates an extensive distribution network primarily in Florida, Georgia, Maryland, North Carolina North Carolina, state in the SE United States. It is bordered by the Atlantic Ocean (E), South Carolina and Georgia (S), Tennessee (W), and Virginia (N). Facts and Figures Area, 52,586 sq mi (136,198 sq km). Pop. , South Carolina South Carolina, state of the SE United States. It is bordered by North Carolina (N), the Atlantic Ocean (SE), and Georgia (SW). Facts and Figures Area, 31,055 sq mi (80,432 sq km). Pop. (2000) 4,012,012, a 15. , Tennessee, Virginia and the District of Columbia District of Columbia, federal district (2000 pop. 572,059, a 5.7% decrease in population since the 1990 census), 69 sq mi (179 sq km), on the east bank of the Potomac River, coextensive with the city of Washington, D.C. (the capital of the United States). , and also serves customers in selected markets nationally. Its primary businesses include deposit, credit, trust and investment services. Through various subsidiaries the company provides credit cards, mortgage banking, insurance, brokerage and capital markets services. SunTrust's Internet address There are two kinds of addresses that are widely used on the Internet. One is a person's e-mail address, and the other is the address of a Web site, which is known as a URL. Following is an explanation of Internet e-mail addresses only. For more on URLs, see URL and Internet domain name. is www.suntrust.com. 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 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 item processing, image exchange and the unique Straight Through Check Processing(TM). 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. In the USA, write Alogent Corp., 4005 Windward 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. |
|
||||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion