M&T Bank Exceeds Deployment Plans with NCR's ImageMark Remote Deposit Capture Technology.Ease of In-House Integration Enables Bank to Reach out to Additional Customers ORLANDO, Fla. -- M&T Bank Corporation (NYSE NYSE See: New York Stock Exchange :MTB MTB Mountain Bike MTB Mycobacterium Tuberculosis MTB Marshall Tucker Band MTB Motor Torpedo Boat MTB Making The Band (TV show) MTB Minus The Bear (band) MTB Mozilla Thunderbird ), one of the 20 largest commercial bank holding companies in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , has selected 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. (NYSE: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 ) for the deployment of imaging technology to enhance its cash management services. M&T is using NCR's ImageMark([TM]) Commercial Passport remote deposit capture technology for many of its commercial clients, enabling electronic check deposits without making a trip to the bank. NCR is providing a comprehensive solution, including Web-based, image-capture software, hardware and associated services to ensure fast and smooth deployment to its commercial clients. M&T's commercial clients capture check transaction data and images onsite and then transmit a balanced, electronic deposit via the Web to its central operations Central Operations (CO) is a major command of the London Metropolitan Police that provides operational support to the rest of the service. It is commanded by Assistant Commissioner Tarique Ghaffur. for final validation and settlement. Participating M&T clients may receive quicker funds availability, improved timing of bank deposits, reduced courier A monospaced typeface originating from the typewriter that is commonly used for letters. It is still considered by many to be the "appropriate" typeface for business correspondence. and fraud costs, and improved internal reporting capabilities. "This is a service our commercial customers really want and have found very easy to implement. NCR's remote capture technology has exceeded our expectations and, as a result, we have doubled the number of deployments we initially expected to see at this stage," said Eric J. Jones, vice president of Commercial Product Management for M&T Bank. "NCR's ability to efficiently integrate this new technology and workflow into our current check-processing operations and archive was a critical element in our decision to select NCR." Ron Furnier, vice president of NCR's Payment and Imaging Solutions Group, Americas region, said, "M&T has been using NCR's ImageMark technology to drive its image-processing environment and archiving for some time, and we are pleased to be working with them to move this latest technology out to their commercial customer sites. M&T will not only reap the time and cost-saving benefits of remote deposit capture today, but this technology will also help position the bank for future growth opportunities." NCR's ImageMark Passport for commercial clients also offers seamless integration An addition of a new application, routine or device that works smoothly with the existing system. It implies that the new feature or program can be installed and used without problems. Contrast with "transparent," which implies that there is no discernible change after installation. with a financial institution's business and home-banking Internet sites, electronic updates to end-customer accounting systems, back-office conversion, duplicate-item detection, robust security, and integrated courtesy and legal amount recognition. In addition to commercial deposits, this Web-based technology also provides an integrated and scalable platform for processing transactions from other locations, including branches and 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). About M&T Bank M&T Bank is the principal bank subsidiary of Buffalo-based M&T Bank Corporation (NYSE:MTB), which has assets of more than $56 billion, and is among the 20 largest commercial bank holding companies based in the United States. For more information, visit www.mandtbank.com. About NCR Corporation NCR Corporation (NYSE:NCR) is a leading global technology company helping businesses build stronger relationships with their customers. NCR's Teradata[R] data warehouses, ATMs, retail systems, self-service solutions and IT services provide Relationship Technology[TM] that maximizes the value of customer interactions and helps organizations create a stronger competitive position. Based in Dayton, Ohio Dayton is a city in southwestern Ohio, United States. It is the county seat and largest city of Montgomery County. As of the 2005 census estimate, the population of Dayton was 158,873. , NCR (www.ncr.com) employs approximately 28,900 people worldwide. NCR and Teradata are trademarks or registered trademarks of NCR Corporation in the United States and other countries. |
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