NCR buys video banking software provider uGenius Technology

Infotech Lead America: NCR has acquired video banking software provider uGenius Technology.

The acquisition will assist NCR to grow its APTRA Interactive Teller solution business.

NCR’s APTRA Interactive Teller solution allows users to conduct remote, assisted-teller transactions over an ATM.

NCR is planning to start pilots for APTRA Interactive Teller with multiple top 10 U.S. banks in the first half of 2013.

In 2011, NCR and uGenius associated to build the first ATM.

In January 2012, NCR acquired a minority stake in uGenius.

NCR said it also anticipates leveraging other uGenius technologies such as SmartOffice and Online Video Banking to expand the delivery of video banking to multi-channel solutions across NCR Financial Services and other industry verticals.

“Video banking – or, as we prefer to call it, remote assisted service – will continue to gain momentum in the U.S. and other countries in 2013. Remote assisted service is proving to help financial institutions grow revenues while at the same time reduce their operating and real estate costs,” said Peter Leav, executive vice president, NCR.

APTRA Interactive Teller is part of NCR’s assisted service suite of solutions, combining the advantages of video collaboration and remote transaction-processing technology on an ATM. Through Interactive Teller, consumers will be able to connect and interact with a remote teller in a highly personalized, two-way audio/video experience.

Approximately 95 percent of all teller transactions can be performed via Interactive Teller in addition to the usual product sales and service that an in-branch teller provides. For instance, customers can perform secure transactions without using a traditional ATM card and, like branch tellers, remote tellers can provide customers access to cash in their accounts in amounts over the standard ATM daily cash withdrawal limits.

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