News

Fifth Third, NCR sign deal for remote image-capture services

April 28, 2005

DAYTON, Ohio - NCR Corp. (NYSE: NCR) and Fifth Third Bancorp (Nasdaq: FITB) signed a deal for NCR to provide Fifth Third with image-based technology, according to a news release. The technology allows Fifth Third to capture and process electronic-check deposits.

Commercial capture has emerged as the priority imaging strategy for financial institutions, made possible by Check 21.

Check images and related data from Fifth Third commercial customers will be captured using remote image-scanning devices and balanced at U.S. customer locations 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.

"Our innovation allows us to provide an efficient solution to the time and expense spent preparing deposits by hand," said Evan Davis, commercial product manager for Fifth Third Bank. "NCR's ImageMark solutions allows Fifth Third's Electronic Deposit Services to respond to our client's need to manage the migration from paper to electronic processing resulting from the Check 21 legislation. These electronic services allow Fifth Third to provide product offerings to clients beyond our existing nine-state footprint."

NCR also will provide image-capture software, hardware and associated service and support to Fifth Third.

Fifth Third and NCR will present "Remote Deposit Capture for Corporations" at the BAI TransPay Conference, Wednesday, May 4, at 9:45 a.m. in Orlando, Fla., at NCR's booth, number 202.