Advanced Financial Solutions Teams With NCR to Provide Image-Enabled ATM Deposit Capture Solution

Market Wire, December, 2005

Advanced Financial Solutions (AFS), a Metavante company and leading provider of image-based payment processing solutions, and NCR Corporation, a leading supplier of image-based check processing and self-service technology, today announced an agreement to co-market NCR's ATM Deposit Automation solutions. This agreement integrates the AFS Direct for ATM deposit capture application with NCR's ImageMark ATM Passport and its image-enabled automated teller machines (ATMs).

The AFS and NCR partnership creates an opportunity for financial institutions to provide superior customer service to their customers, extend their market reach and detect fraud while reducing the costs associated with this deposit channel. In addition, financial institutions will have the option to offer "no envelope" ATM deposit service to their customers.

"Although some have accused the industry of moving slow to complete large-scale ATM imaging rollouts, there is no doubt within the industry that everyone is gearing up for this. Mid to small institutions are often leading the way," said Joe Kniceley, vice president of NCR's Payment and Imaging Solutions Group, Americas region. "Check 21 enables AFS' check-imaging customers to leverage advanced NCR ATM deposit and imaging technology to expedite deposit transaction posting, clearing and settlement. This technology will enhance the customer's ATM deposit transaction experience."

Through this "no envelope" deposit, instant verification of the deposit amount is achieved by displaying the check image on-screen, as well as the image of the check printed on the receipt, providing confidence for the depositor that the check has been accepted. In addition, the system transmits check images from the ATM through ImageMark ATM Passport and Consolidation Server to the AFS Direct Deposit Gateway for processing, eliminating the expense of the bank having to pick up the paper checks on a daily basis.

"For the past ten years NCR has been an AFS partner, providing check transports for our ImageVision customers," said Gary Nelson, president, AFS. "Extending our successful track record with NCR to include ATM deposit make ATMs a strategic capture point and a vital component of a financial institution's payment processing infrastructure."

About Advanced Financial Solutions

Founded in 1992, Advanced Financial Solutions Inc. (AFS), a Metavante company, has delivered high-quality image-based and conventional check processing solutions to the financial services industry. AFS was one of the first companies to offer image and item processing technology based on the Microsoft® Windows .NET operating environment. All AFS item-imaging solutions are designed from the ground up with the functionality that banks and remittance processors need for operating in a high-capacity, transaction-based environment. For more information, see www.afsimage.com. Metavante Corporation (www.metavante.com) is a leading provider of image-based check processing and distributed image-capture solutions through its companies, which include AFS, Endpoint Exchange LLC, and VECTORsgi. Metavante delivers banking and payment technologies to financial services firms and businesses worldwide and is wholly owned by Marshall & Ilsley Corporation (NYSE: MI).

Contact: Sam Baumgarten Metavante Corporation 678-533-4861 Email Contact

 

BNET TalkbackShare your ideas and expertise on this topic

Please add your comment:

  1. You are currently: a Guest |
  2.  

Basic HTML tags that work in comments are: bold (<b></b>), italic (<i></i>), underline (<u></u>), and hyperlink (<a href></a)

advertisement
advertisement
  • Click Here
  • Click Here
  • Click Here
advertisement

Content provided in partnership with Market Wire