US-based SunTrust Bank is implementing Alogent Corporation's transaction processing and image exchange software, Sierra Xchange.
Sierra Xchange collects, examines, corrects, balances and distributes paper, data and image transactions from all points of origination. The product processes intrabank transactions originating at branches, ATMs, cash vaults and merchant locations, as well as interbank data and image exchange.
SunTrust will use the system to perform image quality analysis and to send and receive images and data through image cash letters. Images and data will initially be received from and sent to the Viewpointe national cheque image archive, Image Share.
Lee Crocker, senior vice president, SunTrust, says: "With the Sierra Xchange solution SunTrust will be positioned to more rapidly adapt to the changing payments landscape."