com
delivers a full range
of real-time Internet banking and discount brokerage services, while
consistently
offering some of the best loan and deposit rates in the
United States. As of September 30, 2004,
Northern Trust had assets under administration of $2.6500 or email info@alogent.
remembering banks
These shares
will be purchased at prevailing market prices from time
to time depending upon market conditions
. Sierra
Clearing applications provide the capability to process all work-types
(branch, in-clearing
, pre-encoded) and drive all paper transports off
the same platform.
Alogent's suite of Sierra
solutions help banks adapt to Check 21,
check truncation and paper-to-electronic transformation.
overdraft fms
American Bank is FDIC insured.com are registered trade marks
for the Internet financial services
provided by American Bank, a
state-chartered, FDIC insured full-service financial institution
serving
customers throughout the United States.checks ruesch
----American Bank,
Inc. common stock last traded at $8.banks compiling
American
Bank Online and pcbanker. This infrastructure will enable us to address the evolving
imperatives
of Check 21 which include the use of image for process
efficiency, and the ability to exchange images
with other banks.S.northerntrust.compiling courtesy
96 per share."
The $41B institution will deploy Alogent's Sierra
(R) Xpedite(TM),
extensible deposit automation(TM), solution to deliver image and data
capture
, validation and automated proofing and balancing of check
deposits. states and has
international
offices in six countries.fms banking
"As the industry begins the process of adopting image-data-paper
acceptance
, Northern Trust is creating the infrastructure today that
will let them move toward the eventual
total truncation of paper at
the earliest point of payment as gradually or as aggressively as they
choose.tempus remembering
com(R) Top Tier award for consistently offering annual
percentage yields (APYs) that were
among the highest reported.
"Northern Trust is focused on providing our clients with superior
service
through a diverse array of delivery channels," said Peter
Ruegsegger, Senior Vice President at Northern
Trust. They include
solutions for deposit automation, image based centralized item
processing
, image exchange and the unique Straight Through Check
Processing(TM).752.novo checks
About American Bank
American Bank offers a complete selection of banking services that
includes checking, money
market, savings, certificates of deposit,
consumer and commercial loans, free personal online bill
payment,
credit cards and VISA debit cards. American Bank is a
member of the Federal Reserve System
. The bank will have the
benefit of versatile implementation, deploying any of the applications
and
migrating to the others in any order.com
For more information about Alogent in the USA, write 4005
Windward
Plaza, Second Floor, Alpharetta, GA 30005; phone 777.deposits banking
, and the company provides the platform
that processes 74 percent
of all checks written in the UK.com
margin ruesch
"The end-to-end
solution
from Alogent reduces teller workload and improves transaction
processing. Northern Trust,
founded
in 1889, has earned distinction as an industry leader in
combining high-touch service and expertise
with innovative products
and technology. For more information, visit www. For more information
about
Alogent's solutions, visit www.margin facilitating
Northern Trust, a multibank holding company based in
Chicago, has
a growing network of offices in 15 U.6030; fax 770.remembering checks
"Safe Harbor" Statement under the Private Securities
Litigation
Reform Act of 1995: Statements in this press release regarding
American Bank's business
which are not historical facts, including
expectations regarding future financial results, are "forward
-looking
statements" that involve risks and uncertainties which could cause
actual results to differ
materially from such statements. These applications include prime image capture,
image reject repair
and image balancing.margin consults
Additionally, Alogent's image based check processing platform,
Sierra
Clearing(R), will be deployed at Northern Trust's Florida
centers to process paper items that are
collected centrally.
Alogent products process over a billion transactions a year in the
U.alogent
.tempus fiduciary
Business Editors/Banking Writers
ALLENTOWN, Pa. Alogent's Straight Through Check
Processing
solutions integrate distributed points of presentment with
regional processing centers to automate
and streamline payment
processing from deposit through to final resolution.
Northern Trust will
employ Sierra(R) Xchange(TM) to efficiently
collect images and data from branch offices, apply image
workflows as
needed, and send images to exchange networks.6400; toll
free 888.checks ruesch
4 trillion,
assets
under investment management of $535 billion.determining remembering
American Bank Announces Stock Repurchase Program
Northern
Trust Selects Alogent for Straight Through Check Processing
S.overdraft novo
Pcbanker."
About Northern Trust
Northern Trust Corporation is a leading provider of investment
management, asset and fund
administration, fiduciary and banking
solutions for corporations, institutions and affluent individuals
worldwide.sungard ruesch
com
About Alogent
Alogent is a financial services technology company with
proven
global success in providing payment processing solutions that enable
banks, billers and
outsource processors to reduce costs, accelerate
timelines and improve quality in check and item
processing. Alogent's solutions are being
deployed to the largest deposit automation implementations
in the
world.banking overdraft
President and CEO Mark Jaindl stated, "We are pleased that the
Board of Directors
has approved this stock repurchase program and
believe it will benefit both the Company and our shareholders
., a provider
of payment transaction processing solutions for global financial
institutions, remittance
and payment processors, announced it has
signed a contract to provide Chicago-based Northern Trust
with the
company's paper to electronic, Straight Through Check Processing(TM)
solutions for branch
deposit automation, image exchange and
centralized item processing. We are pleased to have been selected
as the technology partner
to give them and their customers those versatile options.transferring fiduciary
American Bank
has been recognized as one of the top
Internet banks in the country by Gomez Advisors, Inc and has
received
the Bankrate.
"Northern Trust's strategy is the epitome of Check 21's benefits
to
financial institutions," Alogent founder and CEO Brian Geisel said.intitation fdic
The program does not specify
the
timing of purchases or the prices to be paid. Alogent brings proven credibility and leadership to help
global
customers address mission-critical challenges.com.tempus olson
(Nasdaq:AMBK), the parent company of American
Bank, today
announced that its Board of Directors has approved a stock repurchase
program authorizing
the repurchase of up to 375,000 shares, or
approximately 5%, of the Company's outstanding shares
of common stock."
American Bank, Inc.banking tempus
Business Editors
ATLANTA----Alogent Corp. Sierra
Xchange will also
accept and process incoming images from other banks, thus providing a
comprehensive
unified payment gateway(TM).752.333. For
sales in the UK, phone 011 44 1273 414011; fax: 011 44 1273
414311 or
email Haydn.margin novo
Large deposits will be addressed by deploying Sierra Xpedite
in a back
counter mode in the largest branches.John@alogent.novo consults
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