KeyCorp Selects Alogent Technology

Thursday 21 April 2005 10:19 CET | News

KeyCorp has successfully implemented one of the Alogents Remote Deposit Automation solutions for automation of corporate check deposits.

KeyCorp customers can capture images and data and transmit balanced deposits directly to the bank without leaving their businesses. Benefits of this remote capture solution include improved deposit preparation, fewer trips to the bank, extended deposit windows and the potential for better funds availability. To date, KeyCorp customers have processed approximately 3,500 items on the system. The Remote Deposit Automation solution implemented by KeyCorp includes Alogents Sierra Xpedite Remote Deposit at remote business locations integrated with Sierra® Xchange at KeyCorp processing centers for Straight Through Check Processing. Sierra Xpedite captures, validates, and manages deposits at all points of presentment including branches, ATMs, cash vaults, merchant and corporate client locations. Sierra Xchange is a virtual check processing engine, which 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
This article is part of category

Payments & Commerce