News

UMB signs agreement with NCR for check-image processing technology

November 16, 2004

DAYTON, Ohio - NCR Corp. (NYSE: NCR) has been selected by UMB Financial Corp. to provide check-image-based technology to help UMB prepare for the requirements of the "Check 21" act, according to a news release. UMB - an $8 billion financial services holding company that operates 153 banking centers throughout Missouri, Illinois, Colorado, Kansas, Oklahoma and Nebraska -will utilize NCR's ImageMark Transaction Manager solution, which includes hardware, software and services infrastructure.

By permitting the acceptance of image-replacement documents, Check 21 enables financial institutions to process checks electronically rather than having to forward the original paper check.

Using the ImageMark system, UMB will capture and process images of un-encoded, pre-encoded and inclearing checks, as well as other items, through a common hardware and software platform, the release noted. The images will then be archived and stored and will be retrievable, the release added.

"We liked the idea of being able to consolidate our item image processing onto a common platform," said Jerry Holder, senior vice president of operations at UMB, in the release. "Having a solid image-capture infrastructure in place is critical to our goal of exchanging images with other banks."

As part of the agreement, NCR also will provide UMB with a pilot system for image-capture transactions at commercial customer locations, the release added.

"ImageMark Transaction Manager is part of a complete transaction processing strategy and product family that streamlines the entire transaction process from image capture through proof, balancing, reconciliation, archive and integration to customer support locations such as call centers and branches," said Joe Kniceley, vice president of sales for NCR's Americas Payment and Imaging Solutions group. "This is a proven solution that is making an impact for our customers."