Source: S2 Systems Inc
S2 Systems, a global provider of transaction processing, authorization and integrated solutions for the banking, financial, retail and telecommunications sectors, announced OpeN/2 support for NCR Corporation's APTRA software and cash acceptor.
S2 Systems' OpeN/2 platform for enterprise payments helps institutions take advantage of next generation self-service technologies for ATM networks that enable new services with improved time-to-market.
"NCR's 'Intelligent' deposit technology, coupled with APTRA for ATMs, provide OpeN/2 customers with an automated deposit facility that performs teller activities and significantly reduces operating service expenses," said Lynn Holland, chief technology officer of S2 Systems. "Organizations that deploy S2 Systems' OpeN/2 to drive their ATM networks can now easily migrate deposit transactions from the branch to a lower-overhead, faster-processing channel and ensure support for deposit automation, marketing, security standards and legal requirements with unprecedented development productivity."
The cash acceptor module from NCR can verify 50-note bundles of up to 50 denominations. The ability to check and count cash enables real-time credit, meaning that customers can see their deposit registered and cleared in as little as 60 seconds. NCR's APTRA delivers a modern self-service software platform for new services, web enablement, security and accessibility standards while still using existing host systems for transaction authorization and consumer flows.
"Banks and financial services organizations that deploy S2 Systems' OpeN/2 can now achieve significant efficiency benefits by migrating cash deposit transactions to the self-service channel using NCR's cash acceptor technology," said Joe Gallagher, general manager of Software and Services for NCR's Financial Solutions Division. "Most importantly, NCR's modular self-service deposit solution enables reliable, unattended day or night cash deposit facilities that can create significant cost savings, service benefits and enhancement of the customer experience."
S2 Systems and NCR provide the kind of unique combination of affordable open systems-based technologies that allow companies to rationalize channel management. NCR's APTRA Windows-based architecture and OpeN/2's flexible platform enable organizations to manage the ATM like any other modern Web-based channel and address the major cost and resource issues that exist in today's multi-channel environment, so that institutions can focus upon branch renewal and channel integration.