News
Wincor, Alogent develop ATM deposit-automation solution
November 12, 2006
LAS VEGAS - Wincor Nixdorf International and Alogent Corp. have entered a check-processing partnership that features the industry's first smart-client ATM. The two companies will feature the partnership Nov. 14-16 during BAI's Retail Delivery Conference & Expo in Las Vegas.
"We view Wincor as one of the forerunners in offering innovative and state-of-the-art multichannel straight-through check-processing solutions to the market," said Brian Geisel, Alogent Corp.'s chief executive. "Our partnership delivers industry-leading point-of-presentment options that extend beyond ATMs and reach into other deposit channels. Now banks can leverage the strategic benefits of Check21 through increased customer service and decreased costs, while simultaneously leveraging multichannels for real-time deposit automation."
The solution provides a real-time dialogue between the deposit channel and the check processing back-end using Web-services technology. This allows a specialized check-processing platform to be implemented in the branch, item processing center, or data center. Any changes to bank-specific business rules can be updated and centrally deployed with real-time distribution and availability across the enterprise, thus eliminating the requirement to manually update the client software. As a result, the complexity of managing ATM and branch networks is reduced, and solution silos for these channels are streamlined and thus eliminated.
"In a multichannel environment, it is imperative that consistent and efficient centralized verification procedures are available to ensure the validity and security of all transactions," said Reinhard Rabenstein, Wincor's chief technology officer. "It is critical that interfaces to the bank's host systems, item-processing systems and external interfaces, such as the X9.37 image exchange format, are also available. Alogent's deposit-automation solution provides all these necessary functions and is proven in many of the world's top financial institutions."
The solution is designed to run in traditional fat-client environments and in modern smart-client infrastructures. The API also can be combined with Wincor's multivendor software platform to support devices of multiple source and type.
Asia, Australia & PacificDepositsMiddle East & AfricaTrends / StatisticsManufacturersOtherNorth AmericaLatin AmericaPublic CompaniesBank / Credit UnionSoftwareWincor Nixdorf International
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