|
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

|