Alogents Deposit Automation Solutions Selected by E*TRADE Bank

Thursday 18 November 2004 14:21 CET | News

E*TRADE Bank will pilot Alogents Remote Deposit Automation Solution for the capture and transmission of check images directly to the bank.

The solution provides more efficient check clearing through a Check 21 based system, reducing deposit preparation and enabling earlier transaction posting. The solution includes Alogents Sierra Xpedite Remote Deposit at remote locations integrated with Sierra Xchange at E*TRADE Banks processing centers. Sierra Xpedite captures, validates and manages payments and deposits by check at all points of presentment including branches, ATMs, cash vaults, merchant and corporate locations. Sierra Xchange is a virtual check processing engine that collects transactions from distributed points of presentment, applies workflows and intelligently routes image, data and paper to endpoints based on unique business rules.

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Categories: Payments & Commerce | Payments General
Countries: World
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Payments & Commerce

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