DAYTON, Ohio - NCR Corporation (NYSE: NCR) has signed an agreement with CheckClear LLC to join Endpoint Exchange Network, CheckClear's national image exchange network.
NCR will initially interface NCR ImageMark NCompass, its community bank check-image processing technology, to the network.
The interface with the Endpoint Exchange Network provides a model for exchange, clearing and settlement capabilities for community banks in the United States. The network expects to provide live processing for more than 5,000 financial institutions by year's end.
Mark Craig, general manager of CheckClear, LLC, said in a news release, "Using NCR's advanced imaging and recognition technologies, together with our premium electronic check-clearing connectivity, will position financial institutions to clear and settle their payments through check-image exchange."
In addition to ImageMark NCompass, which provides imaged-based capture, archive and business applications specifically for small to mid-size financial institutions, NCR also offers ImageMark technology for larger deployments. According to the release, ImageMark has driven 75 percent of all image archives purchased by major banks in the United States in the past two years.
