FOR IMMEDIATE RELEASE

Alogent Is First to Drive IBM 3890/XP Check Sorters Natively with Server Technology

–Product positions banks to supplement and eventually replace mainframe systems while reducing cost and improving efficiency– ATLANTA, May 6, 2002 – Alogent Corp., a  provider of payment transaction processing solutions for global financial institutions,  remittance processors, and payment processors, announced that Sierra Clearing, its server-based accelerated item processing product, can now  run IBM’s 3890/XP (3890) high-volume document transports. IBM 3890 devices are prevalent in the United States, and are in use for high volume check processing at 80 percent of the top 100 U.S. banks, and have traditionally been controlled by IBM’s mainframe-based Check Processing Control System (CPCS). “IBM’s 3890 has been a mission-critical element of the banking industry for many years and will continue to play an important role into the 21st century,” said David Medeiros, director of global payments at TowerGroup.  “Coupling this hardware workhorse with new open systems technology opens up a whole new dimension for item processing.” With this latest capability of Sierra Clearing, 3890 users can avail themselves of these benefits:

Reduce cost, including recurring fees associated with mainframe use, by offloading tasks related to sorter performance from mainframes to cost effective server platforms;

Reduce the cost and lead-time of change implementation by leveraging Sierra Clearing’s built-in business rules engine through a simple Windows point and click interface, instead of writing custom legacy code;

Reduce cost and enhance flexibility by using Sierra Clearing to capture, validate, and manage information from 3890s, as well as high volume sorters made by Unisys Corporation and NCR, through a common interface; and

Improve efficiency, quality and deadline compliance by leveraging Sierra Clearing’s unique ability to reduce processing errors, and accelerate timelines.

“This is a significant step for the item processing industry,” said Steve Ledford, president, Global Concepts, a leading payment systems consulting firm.  “It means that users of IBM 3890 sorters can now avail themselves of the versatility, economy, acceleration, and error reduction provided by Sierra Clearing’s server-based technology.” An independent validation test performed by Global Concepts confirmed Sierra Clearing’s ability to run image-enabled 3890s at rated speeds. The test included initial capture pass and image lift, amount entry, item correction, balancing, power encode and transit repass for multiple blocks. The test also affirmed Sierra Clearing’s versatility and ability to run multiple types of transports using a common interface.  A copy of the validation test report is available at www.alogent.com William Randlett, Alogent’s software architecture development manager, said, “We were able to integrate the 3890 as effectively because we were building on flexible core architecture designed for high-volume processing and scalability. Senior software architect Jeff Chinander led a focused effort that was the fusion of years of check processing experience, advanced development tools, and an adaptable application framework.” This announcement is a key step in Alogent’s strategy to allow top tier banks to supplement and eventually replace their check processing mainframes. It follows the September 2001 release of Sierra Clearing’s version 3.3 which featured full integration with CPCS. Sierra Clearing offers the selective implementation of a wide range of workflows, enabling a bank to evolve from mainframes to open systems at their own pace.  “Our vision is to change the shape of paper payments processing by providing solutions that result in dramatic cost reductions and quality improvements for every customer,” said Brian Geisel, founder and CEO of Alogent Corporation.  “With this capability we are well on our way to revolutionizing an industry typified by inflexibility, by bringing to bear the multifaceted capabilities of open systems. We have also been careful to offer our customers a migration path to the server-based efficiencies of a full Sierra solution, while leveraging their investment in existing hardware and software assets.”

View the Global Concepts Payment Systems Consulting Validation
New Legs for High Speed Transport? IBM 3890/XP operates at full rated speed running on a Windows 2000 server

About ProfitStars

ProfitStars, a division of Jack Henry & Associates, Inc., provides best-of-breed solutions that improve the performance of financial institutions of all asset sizes and charters, and diverse corporate entities. These solutions facilitate revenue and growth, risk mitigation and control, and cost control; and complement virtually any core information processing platform. Additional information is available at www.profitstars.com.

About Jack Henry & Associates, Inc.

Jack Henry & Associates, Inc. (NASDAQ: JKHY) is a leading provider of computer systems and ATM/debit card/ACH transaction processing services primarily for financial services organizations. Its technology solutions serve more than 11,800 customers nationwide, and are marketed and supported through three primary brands. Jack Henry Banking(TM) supports banks ranging from de novo to mid-tier institutions with information and transaction processing solutions. Symitar(TM) is the leading provider of information and transaction processing solutions for credit unions of all sizes. ProfitStars(R) provides highly specialized products and services that enable financial institutions of every asset size and charter, and diverse corporate entities to mitigate and control risks, optimize revenue and growth opportunities, and contain costs. Additional information is available at www.jackhenry.com.

Statements made in this news release that are not historical facts are forward-looking information. Actual results may differ materially from those projected in any forward-looking information. Specifically, there are a number of important factors that could cause actual results to differ materially from those anticipated by any forward-looking information. Additional information on these and other factors, which could affect the Company's financial results, are included in its Securities and Exchange Commission (SEC) filings on Form 10-K, and potential investors should review these statements. Finally, there may be other factors not mentioned above or included in the Company's SEC filings that may cause actual results to differ materially from any forward-looking information.

SOURCE Jack Henry & Associates, Inc.

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