12 February 2016

NCR buys uGenius as top US banks prepare to pilot video ATMs

03 January 2013  |  6339 views  |  0 NCR Video ATM

NCR has signalled its commitment to video ATM technology with the acquisition of specialist uGenius. Financial terms of the deal were not disclosed.

NCR first teamed up with uGenius in 2011 to build an ATM that lets consumers talk and bank with a live, remote teller. It then took a minority stake in its partner last July.

The cash machine giant has now taken complete ownership of uGenius as it prepares to begin pilots for its Aptra Interactive Teller with "multiple top 10 US banks" in the next few months. NCR says it also plans to tap uGenius technologies that bring video banking to other channels.

Peter Leav, EVP, NCR, says: "Video banking - or, as we prefer to call it, remote assisted service - will continue to gain momentum in the US 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."

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board, sign up now.

Related blogs

Create a blog about this story (membership required)

Related stories

03 January, 2013
24 October, 2012
10 October, 2012
14 August, 2012
31 January, 2012
04 June, 2010

Related company news

 

Top topics

Most viewed Most shared
UK sets out open banking API framework
14210 views comments | 99 tweets | 87 linkedin
European mobile banking service Pocopay go...
8054 views comments | 25 tweets | 14 linkedin
Deutsche Bank calls for co-operation with...
7482 views comments | 27 tweets | 30 linkedin
How to accelerate your fintech startup
7205 views comments | 33 tweets | 9 linkedin
Wearable payments startup Fit Pay secures...
6561 views comments | 26 tweets | 9 linkedin

Featured job

£100,000 basic, £180,000 OTE + Benefits
London

Find your next job