) recently announced that its APTRA Passport software has been
SunTrust Banks Inc.
) and two credit unions, under two separate deals. Financial
details of both the deals were kept confidential.
A bellwether banking institution, SunTrust Bank opted for the NCR
APTRA Passport to make the task of depositing checks from remote
areas easy. The APTRA Passport solution will work through a
multichannel remote deposit capture (RDC) hub, located at the bank
The RDC hub will support all service channels and accept checks
from customers via multiple channels directly to back-office
processing centers. The bank can now process a scanned copy of the
check sent by customers via remote branches, ATMs and mobile
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Anheuser-Busch Employees' Credit Union (ABECU) and American Eagle
Credit Union (AECU) also deployed the NCR APTRA Passport to make
check deposit hassle-free for its members. The solution will work
in association with NCR's mobile banking solution. Leveraging the
app, members will be allowed to scan the check via mobile phones
and send it to the credit unions for processing. The credit unions
will then receive the image through the RDC hub.
With APTRA Passport, financial institutions will be able to connect
with their customers from a remote location at any hour of the day.
This will enhance customer/member experience and also reduce
operating costs and staff occupancy. Hence, the solution could be
used as a means for growing business at a lower cost.
Packed with innovative solutions and services (ATMs, self-servs,
mobile banking solutions, payment and imaging solutions, banking
software), NCR is doing very well in its Financial Services
segment. Last quarter, NCR generated 7.0% year over year revenue
growth within the segment, which was the most important driver of
overall results, as other segments lacked luster.
We remain positive about NCR's deal wins from various industrial
sectors. But a high debt burden, European exposure and stiff
) and Wincor Nixdorf in the ATM market keep us concerned.
Currently, NCR has a Zacks #4 Rank (short-term Sell rating),
reflecting the impact of the charge under the Foreign Corrupt