National Data Systems (NDS), a member of the Fintech Group, has announced Release 3 of NCR's ImageMark Proof Of Deposit (POD) solution, designed to bring greater efficiency to banks' cheque-processing departments.
"Industry observers believe this technological break-through represents a giant step forward for the industry due to the amount of savings it generates, all of which directly benefits the banks bottom line," states Chris Gardner, ImageMark Business Unit Manager at NDS.
The ImageMark POD solution forms part of NCR's integrated family of image-based item processing solutions designed to help banks reduce the time and cost of cheque processing."In addition, the solution will provide new revenue-generating products and improved customer services," he says.
Using advanced image processing and hand writing recognition technologies to automate the POD function, the solution has already been shipped or is shipping to 28 major banks worldwide.
Enhancements in Release 3 include: significantly improved recognition technology; availability of remote capture; distributed remote data completion; increased productivity through improved resource and workflow management; and Year 2000 compliant software.
"South African customers can now benefit from recognition technology originally designed to recognise only the dollar sign," says Gardner. "National Data Systems and NCR made significant investments to develop this application to recognise the Rand sign. "A pre-release of this recognition technology has already been piloted in two South African banks."
ImageMark POD Release 3.0 also allows for remote capture capability so that image-based transactions can be remotely captured and transmitted to a central operation center.
Other members of NCR's ImageMark family of integrated enterprise-wide imaging solutions are ImageMark TMS, a scalable remittance processing solution, and ImageMark Archive and Delivery, an image transaction repository that also gives image delivery capability. All these modules share a common NCR open systems banking architecture based on Unix, Microsoft Windows and NT.
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