Alogent Navigation

Home » Press » Press Releases » 2003 Archive »
 

FOR IMMEDIATE RELEASE

Media Relations Contact:
Jennifer-Robyn Meier
William Mills Agency
300 West Wieuca Road
Bldg. One Suite 300
Atlanta, GA  30342-3394
ph:   615.383.0803
jenniferrobyn@williammills.com
  

A2iA Signs Worldwide Software License Agreement with Alogent

-Worldwide Agreement Builds on the Strength of A2iA CheckReader™ and Extends Powerful Solution to Financial Institutions Around the Globe -

New York City and Paris, FRANCE – January 20, 2003 –A2iA, a worldwide pioneer of natural handwriting recognition, IWR (Intelligent Word Recognition) and OCR/ICR technology, today announced a worldwide license and maintenance agreement with Alogent Corporation, a leading developer of innovative payment processing solutions for global financial institutions.

The new agreement enables banks, billers, and payment processors around the world to benefit from advanced image-capture and automation technology, which integrates complete check, deposit and payment slip data recognition and validation at both the branch and central processing, improving overall efficiency and cutting costs.

A2iA’s software, A2iA CheckReader, is employed by financial institutions worldwide for its full-check recognition capabilities. Available in four languages and 17 international, country specific versions, it uses its own advanced recognition technology to locate, clean, de-slant and segment cursive writing into words and characters. A2iA CheckReader’s capabilities are extensive; adding the ability to not only read the dollar amounts on checks and deposit slips, but all of the handwritten and machine-printed fields. This includes the date, payer and payee names, address block, MICR line as well as the ability to detect signatures. These additional recognition capabilities allow financial institutions to capture more customer data for marketing and CRM purposes as well as anti-money laundering measures and Patriot Act compliance.

A2iA CheckReader is integrated with Sierra ® Clearing™, Alogent’s central check and remittance processing solution, and Sierra® Xpedite™ for Extensible Deposit Automation™ in the branch network, which automates deposits by capturing, validating and managing financial transactions at points of physical payment, including ATMs and walk-in payment sites. This agreement now enables the companies to offer these powerful payment-processing solutions worldwide. Recent installations at Lloyds TSB Bank and Barclays Bank have consistently resulted in increased processing efficiency, validation accuracy, and improved processing quality.

The combined solutions automate the capture and electronic processing of MICR code lines, OCR data, and images from documents. The integration of A2iA CheckReader allows Sierra solutions to reduce manual verification workloads and raise productivity and quality across the enterprise, while increasing data recognition accuracy. In the branch, A2iA CheckReader’s additional recognition capabilities and Alogent’s deposit automation reduce transaction time and cost, expediting teller transactions and allowing financial institutions to process transactions faster and put customer information to work earlier in the day.

“We’re delighted to be able to extend our relationship with A2iA to leverage the strength of Alogent’s advanced image and data capture expertise,” said Robert Coyan, Director of Business Development at Alogent. "A2iA is pleased to announce our worldwide alliance with Alogent, which not only solidifies our partnership, but allows us to extend our capabilities to their global customers," said Jean-Louis Fages, CEO of A2iA. "This collaboration will enable us to bring time and cost-cutting technologies to the world’s premier financial institutions."

About A2iA Corporation
A2iA (Artificial Intelligence & Image Analysis), founded in 1991, headquartered in New York and Paris, is a leading developer of technology for reading machine print and natural handwriting, including cursive handwriting from paper documents. A2iA's focus is on recognition for payment systems and paper-intensive industries and their two leading products, A2iA CheckReader and A2iA FieldReader, are helping businesses reduce their data-entry costs. A2iA CheckReader and A2iA FieldReader combine the company's OCR, ICR and Intelligent Word Recognition technologies with its artificial intelligence and neural network systems, making it the most comprehensive advanced recognition engines on the market today. For more information: www.a2ia.com.

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.

http://www.jackhenry.com

Print this Page Email this Pge Top of Page

 

   Alogent Fast Facts

'[ProfitStars] has a very significant lead of greater than 25,000 deployed branches over other branch and teller capture solutions.' - Aite 12/2008

 

© 2010 Jack Henry & Associates, Inc. All rights reserved. | Sitemap | Terms of Use/Privacy Policy