DAYTON, Ohio — NCR Corp. has introduced software that will allow consumers to deposit checks into their checking or savings accounts without leaving their homes and without purchasing any new hardware.
According to a news release, the new software, called NCR APTRA Consumer Passport, can be integrated with any financial institution's online banking site and gives consumers the ability to deposit checks remotely.
While accessing an online banking account, consumers can deposit checks by using a TWAIN-based flatbed scanner. TWAIN is an industry standard interface that allows devices such as scanners to communicate with software applications, and is found in common home scanners and multifunction scanning devices.
Once the front and back of the endorsed check is scanned, the image and related data can then be sent electronically through online banking to the FI for validation, processing and clearing. For select clients, this remote deposit service could allow for same-day account crediting, quicker access to deposited funds, and detailed deposit reports for improved record keeping.
The new software directly addresses risk monitoring guidance for remote deposit, as outlined by the Federal Financial Institutions Examination Council. On Jan. 14, 2009, the FFIEC listed the responsibilities of senior managers in overseeing the development, implementation and operation of remote deposit capture at their FIs. NCR APTRA Consumer Passport can support FIs with risk monitoring by setting deposit limits per item and transaction, using tools to assist managers in researching transactions, actively logging user deposits and creating reports on audit log activities for both bank users and consumer users.
"We live in a world in which consumers are using more self-service technologies than ever before, and they are also demanding a wider range of self-service options," said Brian Bailey, vice president of financial industry marketing for NCR. "NCR APTRA Consumer Passport is a reflection of how self-service and sophisticated imaging technology can be used to help consumers connect, interact and transact with financial institutions, while maintaining a high level of security for all parties."
The new NCR APTRA Consumer Passport software solution can be integrated with the FI's online banking application for streamlined navigation and a seamless user experience.
"Technology is playing an ever-increasing role in helping North American financial institutions transform their business and enhance the customer experience," Bailey said. "Beyond improving customer experience and adding a new channel for broadening its customer base, NCR APTRA Consumer Passport gives financial institutions one more way to streamline processes and reduce cost, which is especially critical in today's challenging economy."
NCR also offers online and mobile banking solutions through NCR APTRA Mobile Banking and Mobile Business Banking. These solutions allow FIs to give customers choice in when and where they connect, interact and transact with their bank or credit union in a cost-effective and rapid implementation process.
