BROOKFIELD, Wis. - (02/23/05) -- Fiserv said its InformationTechnology unit has signed with Alogent Corp. to provide creditunions and banks with the ability to streamline payment processingby automatically capturing, validating and managing transactionsthrough multiple points of presentment. The partnership is aimed atreducing time and costs of the check presentment process. Theventure will integrate Alogent's deposit automation and paymentprocessing solutions into Information Technology's Premier corebanking software. The offering will be made available toInformation Technology's 2,800 customers later this year. Alogent'spatent-pending deposit automation software, Sierra Xpedite, is usedat multiple points of presentment to help financial institutionsgain speed and reduce costs.
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As AI and digital assets become mainstream, banks are spotting new opportunities to integrate payments with other activities.
July 4 -
House Republicans overcame internal divisions to narrowly pass President Trump's tax and spending package Thursday afternoon. The measure would cut the Consumer Financial Protection Bureau's funding level, among other provisions.
July 3 -
A new partnership with Google Cloud will let the Spanish bank offer Gemini to all staff after a successful ChatGPT deployment.
July 3 -
Atlanta-based CoastalSouth's initial public offering prices at $21.50 a share; Valley National Bancorp announces Lyndsey Sloan will succeed Gary Michael as general counsel; Webster Financial Corporation taps a new chief risk officer and appoints a new board member; and more in this week's banking news roundup.
July 3 -
Capital One closed the deal to buy the credit card provider in May and as part of the review process, decided to exit its home equity lending business.
July 3 -
In a rare move for a credit union, the Seattle institution has snapped up the 13-member team that created EarnUp's AI Advisor product.
July 3