CTS and Alogent Partner in Branch Deposit Automation
BURLINGTON,
Mass. – Nov. 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.
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