NCR and Document Capture Team on Remote Deposit Offering
NCR has signed an original equipment manufacturer (OEM) agreement with Document Capture Technologies (DCT) to offer a cost-effective hardware and software bundle that enables financial institutions to offer small businesses a compelling remote deposit solution.
The total market potential for remote deposit capture (RDC) is vast, as there are an estimated 27 million small businesses in the US with a chequing account. Additionally, according to Celent, adoption of RDC should increase by more than 400% in the next three years.
Through RDC, businesses are able to scan cheque images and transmit the image to their financial institution for processing. This process allows commercial clients to receive quicker funds availability, improve timing of bank deposits, reduce courier and fraud costs, and improve internal reporting capabilities. NCR’s solution provides a remote self-service terminal to customers that integrates NCR Aptra Commercial Passport, part of the NCR Aptra Passport family, with a cost-effective scanner from DCT and a specialised scanner software driver from Silver Bullet Technology, which will allow NCR to provide technical support to customers.
“NCR selected DCT’s unique DocketPORT terminal to extend our self-service suite and provide a cost-effective RDC option for our customers,” said Bill Nuti, chairman and chief executive officer of NCR. “Due to the low-cost and performance of the DCT terminals compared with other available options, we expect adoption to accelerate as broad acceptance of RDC begins to take hold. At NCR we are always looking for new ways to shape the customer-driven global ‘self-service’ trends of the future, and we believe this new product offering with DCT for a turnkey remote capture solution represents a significant opportunity, not only in the RDC market but in other markets we serve as well.”