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Fifth Third Selects NCR’s ImageMark Solutions

Wednesday 4 May 2005 11:26 CET | News

Remote image-capture services to be offered at commercial customer locations

NCR has been selected by Fifth Third Bancorp, a $102.7 billion financial services holding company, to provide image-based technology that will enable Fifth Third to offer its customers the ability to capture and process electronic check deposits from their own locations. Commercial capture has quickly emerged as the priority imaging strategy for financial institutions, made possible by the Check Clearing for the 21st Century Act. Check images and related data from Fifth Third commercial customers will be captured using remote image-scanning devices and balanced at customer locations throughout the country using NCR’s ImageMark Commercial Passport application. Check deposits will then be sent electronically to Fifth Third’s processing center using NCR’s ImageMark Transaction Manager to further validate, balance and consolidate check images from across the customer’s organization. Balanced transaction files will be sent to Fifth Third’s image exchange application and host-account processing system for posting. Fifth Third clients who convert their paper check deposits to electronic image transactions may receive earlier funds availability, improved timing of bank deposits, reduced courier and fraud costs and improved internal reporting capabilities.


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Categories: Payments & Commerce | Payments General
Countries: World
This article is part of category

Payments & Commerce