News
NCR's remote deposit capture has potential market of 27 million small businesses
August 20, 2009
To help small businesses take advantage of the convenience and cost savings of remote deposit capture, NCR Corp. has announced the launch of an OEM agreement with Document Capture Technologies Inc. to offer a cost-effective hardware and software bundle that enables financial institutions to offer small businesses a remote deposit solution.
According to a news release from NCR, the total market potential for RDC is estimated to include 27 million small U.S. businesses. Boston-based financial consultancy Celent says the adoption of remote deposit capture should increase by more than 400 percent over the next three years.
RDC enables businesses to scan check images and transmit those images to their FIs for processing. This process improves and speeds funds availability, reduces courier and fraud costs and improves internal reporting capabilities, NCR says.
NCR's solution integrates NCR APTRA Commercial Passport with a cost-effective scanner from Document Capture Technologies and a specialized scanner software driver from Silver Bullet Technology, which allows NCR to provide technical support.
Bill Nuti, chairman and chief executive of NCR, says the deal with DCT is a win-win for both companies:
 | NCR selected DCT's unique DocketPORT terminal to extend our self-service suite and provide a cost-effective RDC option to our customers. 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. |  |
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