NCR Corporation (NYSE:NCR) and IA Corporation (NASDAQ:IACP) today jointly announced a global strategic alliance agreement to offer world-class item-processing solutions to financial institutions.
The agreement marries NCR’s global breadth and experience in consumer banking with IA’s leading enterprise software applications for the financial services industry.
Under the agreement, NCR will sell IA’s CheckVision(R) products around the world under the banner of ImageMark(TM), the new enterprise-wide family of image-based item-processing solutions already in use in several banks in the U.S. and abroad. The IA products, particularly CheckVision Archive, will be incorporated into the ImageMark(TM) Archive and Delivery (IAD) platform, to provide an all-items archive and advanced information delivery services to bank customers.
As part of the IAD platform, CheckVision Archive enables banks to capture financial transactions including images, store this information in a transaction repository, and then deliver the information to bank customers in any way that they can access the bank, including bank branches, call centers, home banking systems and self-service terminals.
The agreement also establishes a technology alliance for IA and NCR to jointly develop software to enhance the suite of CheckVision products.
“A scaleable transaction archive that also supports cash management and other applications is in great demand right now by the financial services industry. With advanced archive solutions built upon an open system at the center of their operations, banks can offer both retail and corporate customers many new attractive revenue generating services,” said Bill Hipps, NCR Vice President of Deployment.
“NCR chose IA’s CheckVision software to be an important part of the centerpiece of NCR’s ImageMark(TM) strategy because of its proven success in 16 of the largest U.S. banks.”
“IA has a solid technology base in transaction processing software development and a successful line of archive and advanced cash management products,” said Thierry Leger, IA Vice President of Marketing. “This global strategic alliance significantly expands our product distribution capability.”
NCR hardware and CheckVision software are already in combined operation at several banks such as Crestar, National City, UMB and Union Bank of California.
NCR Corporation Background
NCR supplies banks and other financial institutions with Banking Solutions in the Age of the Consumer — solutions that are tailored to NCR customers’ individual needs so that they can offer the best services to their consumers. Apart from item-processing systems, these solutions include Automated Teller Machines (ATMs), relationship management systems, and consumer delivery systems.
NCR Corporation’s computer systems, store automation, banking systems, consulting and support services are used by customers in more than 130 countries around the world. NCR is located on the World Wide Web at [http://www.ncr.com.]
ImageMark(TM) is a registered trademark of NCR Corporation.
IA Corporation Background
IA Corporation is headquartered in Emeryville, Calif. and listed on NASDAQ (IACP). The company develops, markets, implements and supports software solutions for financial services organizations that require flexible automation of high-volume, complex transactions.
The Company currently sells two leading application framework software products for advanced cash management services, CheckVision and RemitVision(R), which are built upon the Company’s advanced, client/server complex transactions management software platform, WorkVision(TM).
IA offers scaleable, enterprise-wide application framework software products that enable its customers to manage and automate their business processes from end to end. These software products are deployed through professional services that include comprehensive installation, training, ongoing maintenance, support and development services.
The Company’s customers include Harris Bank, Mellon Bank Corp., Sanwa Bank California, Ltd., UMB Bank, NA and Wachovia. IA can be found on the World Wide Web at: