News

NCR provides remote-capture application to Frost Bank

May 1, 2005

DAYTON, Ohio - San Antonio, Texas-based Frost Bank is delivering remote capture to several of its commercial clients through NCR Corp.'s  (NYSE: NCR) ImageMark application.

Frost Bank is a subsidiary of Cullen/Frost Bankers Inc., which has $9.8 billion in assets.

According to a news release, the application allows Frost Bank to forward image-based cash letters for commercial clients to the Federal Reserve for clearance to paying banks.

Taking advantage of opportunities created by Check 21, Frost will be able to help clients reduce processing costs and reconciliation time.

Using NCR's ImageMark Commercial Passport application, a pilot group of Frost customers capture magnetic-ink character-recognition data and front and rear check images to build daily deposits. NCR's recognition and balancing tools build balanced deposits that are then electronically delivered to Frost for clearing.

The ImageMark Transaction Manager system receives the image deposits, further validates each item and performs any necessary corrections. The solution allows the original checks to be retained by the commercial client at point-of-entry into the processing system, rather than having the checks sent to the bank.

"Our commercial customers see the sweeping changes in payment processing as a substantial benefit," said Gary McKnight, Frost's senior executive vice president for operations and processing. "By delivering remote-deposit capture to our customers through NCR's ImageMark Commercial Passport application and then integrating that into ImageMark Transaction Manager in our central operations, we ensure that our commercial customers' electronic deposits continue to be processed soundly and securely. We look forward to gaining efficiencies in processing and providing our customers with the ability to improve their internal reporting capabilities with electronic updates to their accounts receivable and other systems."

"Frost Bank and NCR have a long and successful history, and we are pleased to deliver these leading-edge solutions to them," said Joe Kniceley, NCR Payment Solution's vice president of sales for the Americas. "Frost's successful implementation of remote deposit capture reinforces the strategic importance of end-to-end imaging solutions as financial institutions look to deliver new value-added, competitive services to their customers."