NCR Corporation today announced that is has signed a multimillion dollar agreement with EDS New Zealand to supply ImageMarkTM – its state-of-the-art image item processing solution – for use withing EDS’ Item Image Processing Service.
Under the agreement – one of the largest orders for the ImageMark suite of solutions since its launch last year – NCR will provide the ImageMark Proff of Delivery (POD) and Image Archive and Delivery solutions to EDS New Zealand to implement a distributed cheque capture and storage facility on a multi-bank basis.
“ImageMark is one of NCR’s flagship solutions and we are delighted that EDS has decided to work with NCR to provide this innovative technology to banks in the New Zealand market. We are also proud of the fact that this solution is the first to be implemented with a seven-year storage capacity,” said Brenda Hemphill, NCR’s Payments solutions team leader for Europe, Middle East and Africa.
The ImageMark suite of solutions enables the processing of a cheque image – rather than the traditional physical paper cheque – eliminating the need for paper storage and presents the opportunity for substantial cost savings for the banks. In addition, a bank can use the information stored within the image to increase its knowledge of their customers’ banking activities, to allow them to offer products and services tailored to individual customers’ specific needs.
“ImageMark allows retail banks to reduce the time and cost of processing cheques presented by consumers and business customers, as well as the ability to provide revenue-generating products and services tailored to meet customers’ individual and specific needs,” added Ms. Hemphil. “It is a Year 2000 compliant cheque-processing solution that retains the data integrity requirements of each institution – and their customers – while reducing the financial burden imposed by implementing multiple cheque-processing solutions across the industry”.Details