Fiserv Launches Check PresentmentArrangement

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.