Bank One Enhances Customer Deposit with NCR ATM Solution; First North American Bank to Offer No-Envelope ATM Deposits, Image Processing and Retrieval.Business Editors DAYTON, Ohio--(BUSINESS WIRE)--Dec. 16, 2002 Customers of Bank One Corporation (NYSE NYSE See: New York Stock Exchange :ONE) will soon enjoy a new, easy-to-use and accurate system for making cash and check deposits into their Bank One accounts. Bank One is utilizing NCR (NCR Corporation, Dayton, OH, www.ncr.com) A technology company specializing in financial terminal transactions, retail systems and data warehousing. Until the late 1990s, NCR was heavily invested in the hardware side of the industry, known worldwide as a major manufacturer of computers Corporation's (NYSE:NCR) advanced Personas automated teller machines automated teller machine (ATM), device used by bank customers to process account transactions. Typically, a user inserts into the ATM a special plastic card that is encoded with information on a magnetic strip. (ATMs) with enhanced deposit technology that eliminates the deposit envelope, directly accepting checks and cash. Bank One is applying NCR's ImageMark(TM) distributed capture system to process ATM check images in the back office. This state-of-the-art technology is being piloted for customers in select locations in Indiana and Kentucky. Using NCR's no-envelope ATM deposit technology, deposited checks are scanned and an image of the check appears on the ATM screen, allowing the customer to immediately verify the check amount. The check image is also printed on the customer's receipt, along with a full count by denomination of all inserted cash. This total view offers proof of the deposit and a more complete account than currently offered at the teller window. Bank One's new ATMs are driven by the Star network, a subsidiary of Concord EFS EFS Encrypted File System (Microsoft Windows 2000) EFS Event Free Survival (survival rates in clinical trials) EFS Evangeliska Fosterlandsstiftelsen (Sweden) , Inc. The integration of Star's transaction processing Updating the appropriate database records as soon as a transaction (order, payment, etc.) is entered into the computer. It may also imply that confirmations are sent at the same time. Transaction processing systems are the backbone of an organization because they update constantly. and the NCR APTRA APTRA Asociación de Periodistas de La Televisión Y Radiofonia Argentinas (Argentina) APTRA Associated Press Television-Radio Association of California & Nevada (TM) software in the ATMs makes these new transactions possible. The ability to capture a check image at any place within the banking system, be it the teller window, ATM or branch back office, significantly enhances Bank One's process efficiency while feeding its new NCR ImageMark Archive, announced earlier this month. Dean Kontul, senior vice president and national ATM manager for Bank One, said, "For Bank One customers, NCR's technology makes it easier and more attractive to use our ATMs to make deposits. While allowing us to improve service to our customers, we will also have an opportunity to reduce our deposit-processing and back-office costs. All of this is made possible by processing support from the Star network." Andrew Orent, vice president of self-service for NCR's Financial Solutions division, said, "Bank One is the first bank in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. to connect advanced cash and check deposit ATMs to a back-office check image processing image processing Set of computational techniques for analyzing, enhancing, compressing, and reconstructing images. Its main components are importing, in which an image is captured through scanning or digital photography; analysis and manipulation of the image, accomplished system. Given our leadership position in both self-service and image payment solutions, NCR is uniquely positioned to provide Bank One with an integrated end-to-end solution (jargon) end-to-end solution - (E2ES) A term that suggests that the supplier of an application program or system will provide all the hardware and/or software components and resouces to meet the customer's requirement and no other supplier need be involved. Compare: turn-key solution. that will rewrite the rulebook of ATM deposit processing." About Bank One Corporation Bank One Corporation (NYSE:ONE) is the nation's sixth-largest bank holding company, with assets of more than $270 billion. Bank One currently serves 53 million credit card customers, 7 million retail households, including 485,000 small businesses, and 20,000 middle market companies. It also manages $149 billion of clients' investment assets. Bank One can be found on the Internet at www.bankone.com. About NCR Corporation (company) NCR Corporation - Electronics company mainly active in the midrange server market. NCR was founded 1884 as National Cash Register Company. It joint the computer industry in th 1950s. NCR Corporation (NYSE:NCR) is a leading global technology company helping businesses build stronger relationships with their customers. NCR's ATMs, retail systems, Teradata(R) data warehouses and IT services provide Relationship Technology(TM) solutions that maximize the value of customer interactions. Based in Dayton, Ohio, NCR (www.ncr.com) employs approximately 30,500 people worldwide. NCR and Teradata are trademarks or registered trademarks of NCR Corporation in the United States and other countries. |
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