FOR IMMEDIATE RELEASE

Alogent Introduces the Banking Industry's First Branch-to-Central Integration Workflow

LONDON, BAI RETAIL FINANCE EUROPE – (18 June 2001) – Alogent Corp., provider of open-architecture payment processing software and technology to large financial institutions and remittance processors, today introduced its eList Workflow, which integrates front and back counter capture with high-volume central processing environments. Developed initially for the UK banking industry, the advanced eList Workflow is unique in that it integrates front and back office processing by combining Internet-accelerated, balanced and posted branch transactions with a streamlined, exception-focused, central reconciliation process.

The company’s technique of using an electronic “add list” database populated from all branches, and largely automated, server-based processes for Day 1 and multi-day “expert” reconciliation--rather than images—dramatically reduces the number of items that must be handled manually.

Alogent’s end-to-end solution is also unique in that it was designed to enhance existing legacy item processing systems in the back office, while providing open, Web-delivered, XML interfaces to third-party payment acceptance, teller system, and fraud detection applications in the front office. This use of Internet technology enables the institution to benefit from remote-site, image-assisted data entry and POD balancing.

Product Development Director Amar Verma credits the company’s open architecture and shared component technology with enabling Alogent to use what is essentially the same product in the back office (Sierra Clearing) and in the front office (Sierra xClearing). “The core software modules are simply scaled to the business requirements of front office distributed clearing or back office central clearing. For example, the image capture module is Sierra xCapture in front office deployment and Sierra Capture in back office deployment, but both are capable of supporting reader/sorter transports that are 30 dpm for a counter device or 2000 dpm for a full-size central clearing transport. Flexibility and scalability are essential to our ability to customise and implement our software according to the individual needs of the financial institution.”

Alogent recently deployed its Sierra solutions--with front office image capture integrated with central operations eList processing--for a major UK bank.

Brian Geisel, Alogent's founder and CEO, described the branch-to-center integration provided by eList workflow as innovative and strategic. "eList makes the distributed branch processing model work. By integrating and streamlining processes between branch and central clearings, it provides both the operational efficiencies the banking industry requires to remain competitive and the customer-focused opportunities it wants to pursue. Daytime POD, branch check truncation, expanded customer service hours, and flexible customer access channels can be delivered today, while our transparent processing platform enables a gradual transition from paper to electronic payments tomorrow.”

Leveraging legacy interfaces rather than replacing them, Alogent’s eList workflow enables large financial institutions to migrate from a conventional mainframe platform to a strategic, image-based Windows NT platform for all data capture. The innovative eList workflow facilitates the electronic transfer of data processed at remote branches and the reconciliation of that data at a central clearing site. The back office solution can be implemented with Sierra Clearing running on Unisys, or NCR sorters and NT servers to capture image and codeline data. Sierra Clearing's eList workflow is used to match the captured codeline data to the electronic branch data and to reconcile the amounts entered at the branch.

Although eList workflow is really a back office workflow, the feed of electronic data begins in the branch network with Alogent's distributed capture software product, Sierra xClearing. Images and codelines may be captured at both the front and back counter, using unattended CAR/LAR and off-site image-assisted balancing, or transactions may be balanced at point of capture and posted online real-time.  Powerful business rules determine all aspects of transaction capture, balancing, and proving, from front office to back office, insuring total flexibility of implementation. With a full Sierra xClearing installation, data correction and transaction balancing is efficiently performed through Alogent’s suite of Web-based applications and XML delivery for later payment clearing, reconciliation, research, and reporting.

The complete electronic workflow—from branch to center--makes use of the powerful, patent-pending Alogent algorithms for data matching to enable business benefits of reduced effort in the clearing center, along with significantly improved quality of transactions.

eList workflow combines the fundamental strength of Alogent’s back office solution in central operations, Sierra Clearing, with the flexibility of the Web-enabled branch network in Sierra xClearing.  By combining Web-based data transfer from remote locations with fast, efficient data capture, correction and balancing, Alogent has built a complete front and back office solution that can fit into existing teller systems and can utilise sorter devices from multiple vendors for full scalability.  Leveraging current technology and business domain knowledge, Alogent has proven the value of distributed capture payment processing that integrates the branch network and central operations.

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