CTS and Alogent Partner in Branch Deposit Automation
CTS and Alogent Corp. today announced a marketing agreement under which Alogent will resell and integrate the full line of CTS check and document scanning products.
Burlington, Mass. (PRWEB) November 12, 2007 -- CTS and Alogent Corp. today announced a marketing agreement under which Alogent will resell and integrate the full line of CTS check and document scanning products. The CTS hardware will be qualified with Alogent's Sierra Xpedite® Deposit Automation Solutions for financial institutions, which capture, validate and manage transactions in real time at the earliest point of presentment.
"We are witnessing continued growth in the demand for deposit automation around the globe and want to maintain our leadership in offering both depth and breadth of systems integration to our financial institution customers," said Paul J. Citarella, executive vice president at Alogent. "Furthermore, as banks become more experienced and knowledgeable about branch and remote deposit automation, many are requesting turnkey systems that offer increased speed to market. Our enhanced agreement with CTS allows us to package a solution that includes state-of-the-art equipment, is cost effective, and is relatively easy to deploy."
Commented Alex Trombetta, CTS North America CEO, "This expanded partnership builds on a longstanding relationship between CTS and Alogent that originated in Europe. By coupling CTS equipment, the broadest line of check processing equipment available, with Alogent's enterprise-wide approach to deposit automation, financial institutions can be assured of a truly integrated system that meets their objectives in both functionality and business results."
About Alogent
Founded in 1995, Alogent Corporation is a leading global provider of enterprise payment processing solutions that enable financial institutions and processors to accelerate the conversion of paper to electronic processing. The company's Sierra suite of solutions automates payments and deposits at every point of presentment (including tellers, branches, ATMs, merchants, corporations and cash vaults) while optimizing electronic data and image processing and settlement. Alogent is the deposit automation market leader with our platform processing billions of payments annually with over 75,000 desktop points of presentment sold. The company counts KeyCorp, Lloyds TSB and SunTrust among its 1,000+ financial institution customers. For more information, visit www.alogent.com or call 888.333.6030.
About CTS
CTS is a private industrial group consisting of four companies: CTS Electronics; CTS Cashpro; CTS Manufacturing and CTS North America. Founded in 1980, CTS is the leading manufacturer of cash and check solutions for tellers, back offices, self-service systems and retail point-of-sale counters. CTS has installed more than 1,000,000 banking peripherals and over 100,000 scanners at end user locations across five continents.
CTS is uniquely positioned in the banking automation industry and is ready to support the worldwide growing demand for banking solutions. The extensive CTS catalog includes Document Processing Devices (Scanners, Readers, Encoders), Card Personalization Printers, OEM Modules and Dispensers, Cash Recycling, Coin Recycling and Processing Systems.
For further information call 781-685-4999, email sales @ ctsna.com or visit http://www.ctsna.com.
EDITORS - For further information contact:
Alex Trombetta
CTS North America
781-685-4999
a.trombetta @ ctsna.com
Sandy McLaughlin
Soucy Communications
(for CTS)
781-898-7305
smclaughlin @ scg-pr.com
Kerry Stanfield
Alogent Corporation
770-752-6488
kerry.stanfield @ alogent.com
# # #
|
