SunTrust Selects Alogents Image and Data Exchange Solution

SunTrust Banks, has selected Alogents Sierra Xchange, Unified Payments Gateway solution, which operates as an intelligent payment processing and image exchange engine. Using Alogents Sierra Xchange, which collects, corrects, balances and distributes paper, data and image transactions from all points of origination to multiple, configurable endpoints, SunTrust will perform image quality analysis, and send and receive images and data through image cash letters. Images and data will initially be received from and sent to the Viewpointe Image Share service. Viewpointe is the largest national shared archive for check image and retrieval services. In addition, Sierra Xchange will perform image quality analysis on images from the SunTrust in-house image capture systems. SunTrust will benefit from increased processing quality and speed, and reduced costs, as well as from a platform that provides a transparent transition to image exchange. The paper payments processing landscape is transitioning to a mix of paper, data and image. Sierra Xchange enables banks to efficiently converge paper, data, and image to process both intrabank transactions originating at branches, ATMs, cash vaults and merchant locations, as well as interbank data and image exchange.