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May 4, 2009

NCR, Mitek sign agreement for remote deposit capture services

ImageNet Mobile Deposit technology enables mobile deposits to connect with a financial institution’s back office processing

By CBR Staff Writer

Technology firm NCR Corporation has signed an agreement with Mitek Systems, a provider of image analytics and mobile imaging software, to integrate Mitek’s ImageNet Mobile Deposit software into NCR’s Aptra Passport family of remote deposit capture services.

According to NCR, the combined service gives financial institutions the ability to provide its account holders with better availability to funds and an extra level of convenience, while automatically migrating all images and data into NCR ImageMark Transaction Manager’s single processing platform to provide data validation, balancing and exceptions processing, NCR’s software-as-a-service Passport validation or other backend validation systems.

The service leverages advanced recognition, image quality, balancing and reject repair technologies to validate all data and images before sending them to IRD printers, transit banks, and archives, said NCR.

NCR claims that the Aptra Commercial Passport service with ImageNet Mobile Deposit provides a cost-effective way for financial institutions to manage the check deposit process and help improve bank customer relationships, increase loyalty and grow revenue.

In addition to integrating mobile deposit functionality to Aptra Commercial Passport, NCR will also offer ImageNet Mobile Deposit as a software-as-a-service within the Aptra Passport Validation service framework.

James DeBello, president and CEO at Mitek Systems, said: NCR will offer the convenience of ImageNet Mobile Deposit to its existing bank and financial institution customers and commercial accounts, providing mobile workers and professionals with a valuable tool to conduct check deposits right from their mobile phone.

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