January 27, 2009

Dayton, Ohio-based NCR Corporation has launched a Web-based service meant to provide easier and faster envelope-free deposit management and processing.

The new service, NCR APTRA Deposit Gateway, is a software-as-a-service solution that enables financial institutions to perform check image processing for envelope-free deposits made at the ATM. The NCR solution, including server hardware and application software, will receive check images and transaction details captured at the ATM, consolidate the transactions and provide the financial institution with online access to view check images, make corrections, generate transaction reports and send image cash letters electronically. Through the SaaS model, financial institutions receive online access to this system.

NCR APTRA Deposit Gateway enables financial institutions to go-to-market quickly with minimal upfront investment or risk, by relying on NCR's hosted infrastructure. Financial institutions have assurance of the latest imaging technology to serve consumers and meet their needs and expectations, while optimizing their internal operations.

"Financial institutions are increasingly recognizing the value of a paperless check processing system for ATM deposits," said Brian Pilla, director of North America financial industry marketing, NCR. "Image-based deposit technology offers significant efficiency savings, improved customer satisfaction and proven potential to drive more overall deposits from new and existing customers."