The agreement between NCR, a supplier of image-based check processing and self-service technology, and AFS, integrates the AFS Direct for ATM deposit capture application with NCR’s ImageMark ATM Passport and its image-enabled automated teller machines (ATMs).
The partnership aims to create 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.
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.
