NCR signs three to ImageMark platform
09 May 2003 | 3091 views | 0
NCR is reporting a raft of new orders for its ImageMark platform, including a $7 million deal with Fifth Third Bancorp and contracts with FleetBoston Financial and Marshall and Ilsley.
Fifth Third will use NCR's ImageMark Archive platform to revamp its cheque and remittance processing systems. The software will enable the bank to store and access images instantaneously from anywhere in the enterprise.
The agreement includes software, hardware, maintenance and integration services and the bank says it will also utilise the system's disaster resistance and recovery capabililties, eliminating the need to go to a third party provider.
Don Andres, vice president of business applications for Fifth Third Bancorp, comments: "NCR's ImageMark Archive platform strategically aligns with Fifth Third's initiatives related to image capture, electronic cheque presentment with image and Cheque 21."
The solution will be rolled out at Fifth Third's processing centres in Cincinnati and Michigan and the bank says the software will manage more than 50 million items per day.
Marshall and Ilsley Corporation has also licensed NCR's ImageMark Archive package for online capture, storage and retrieval of images and data from payment transactions.
Guy Ringle, M&I senior vice president, support services, says: "Capturing cheque images sooner in the processing cycle drives tremendous back-office efficiency and ultimately can significantly enhance the consumer's banking experience."
FleetBoston Financial has completed the initial roll out of NCR's ImageMark Capture technology at its Massachusetts and Connecticut processing centres for deposit envelopes used at ATMs. A third site in New Jersey will be added in June.
NCR says Fleet's use of the package utlises a single transaction workflow engine to process multiple deposit streams, including data captured at the point of presentment.
Ralph Catalano, FleetBoston deposit operations executive, says the recognition technology is being used to process over 300,000 ATM deposits per night and has reduced manual keying by more than 80 per cent.