FOR IMMEDIATE RELEASE

Alogent Announces Implementation of Branch Deposit Automation at World Savings

-Solution features image-based automation of check deposits-

ATLANTA – March 18, 2003 – Alogent Corporation, a provider of payment transaction processing solutions for global financial institutions, remittance and payment processors, announced that it is implementing its Sierra Xpedite Extensible Deposit Automation solution, in more than 270 branches at Oakland, California-based World Savings for enterprise-wide branch image capture of check deposits. World Savings is a premier financial services company with more than $68 billion in assets (as of December 31, 2002).

Sierra Xpedite automates deposits through the capture, validation and management of transactions at points of physical payment. These include branch teller counters, back counters, and extensions like ATMs and walk-in payment locations. At World Savings, Sierra Xpedite will capture the data and image of all payments involving checks, cash and internal documents.

The solution features the central collection of data and images from the World Savings enterprise branch network. It also features Internet technologies for image-based remote data entry as required, and the application of intelligent character recognition (ICR) to automatically recognize amounts and other information. Alogent delivers savings in branch deposit preparation and replaces the labor-intensive microfilming of checks with electronic images. 

“We are delighted to be working with an innovative institution like World Savings,” said Brian Geisel, founder and CEO of Alogent Corporation. “Our extensible deposit automation mission is to provide our customers with maximum versatility so they can embrace the changes brought on by Check 21, check imaging, truncation and ACH conversion at a pace and point of payment of their choosing.”

This implementation of Sierra Xpedite builds on Alogent's UK deposit automation success at Lloyds TSB and Barclays Bank plc, with image-based automation across 500 and 700 branches respectively. This implementation will be the largest deployment of deposit automation anywhere in the US, utilizing RDS 3000 reader scanners from Seac Banche, one of Alogent's scanner hardware business partners, and Sierra Xpedite installed across 270 WSB branches nationwide.

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