Company's E-Banking Strategy Comes Home

Bank Technology News,  August, 2001  by Patricia A. Murphy

Tags: Alogent Corp., electronic banking

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In 1995, when Great Britain's Lloyds Bank and TSB Bank merged to become Lloyds TSB, Brian Geisel was launching his own venture-an Atlanta software business known today as Alogent Corp. Soon after its inception, Alogent snagged a contract with Lloyds, which wanted to streamline the paper handoffs that were dominating payments processing at the bank.

Now, six years later, Alogent aims to create a niche at home by helping large American banks manage workflows in a hybrid payments system. Geisel sees real opportunities for Alogent in the United States, since banks have been struggling for more than a decade to build a case for wide-scale adoption of electronic check presentment (ECP). ECP has been a bit of a joke in the U.S., he says.

In theory, ECP is designed to eliminate paper flows associated with check clearing. But ECP can have a down side; while paper ...