|[November 20, 2012]
Coastal Federal Credit Union Enables Members to Scan Checks Using NCR Mobile Software
DULUTH, Ga. --(Business Wire)--
Coastal Federal Credit Union, a $2 billion not-for-profit member-owned
financial cooperative serving North Carolina, has extended its members'
mobile banking experience by enabling them to use their mobile device
camera to scan and deposit checks using mobile software from NCR
Corporation (NYSE: NCR). Coastal Federal was one of the first financial
institutions to launch mobile check deposit integrated into APTRA Mobile
NCR APTRA Mobile Banking was introduced to members in June and now has
more than 9,000 members signed up for the service, with that number
expected to increase rapidly. The credit union is integrating NCR APTRA
Passport Remote Deposit Capture software with the mobile banking app to
provide a complete a range of core banking functions on their mobile
device including balances, transaction history, bill pay, and funds
transfers - and now deposit checks without laving their home.
The newly integrated mobile deposit process is simple. From the credit
unions' mobile banking app, members will choose a "deposit check" option
where they will be prompted to take a photo of the front and back of the
check. After confirming the value of the check, the check image will be
transmitted for processing. Members are asked to retain their check for
14 days for record keeping purposes, after which the check can be
"By working with NCR, we are able to offer a competitive differentiator
in our market and to our members," said Willard Ross, senior vice
president and chief retail officer at Coastal. "Our members are really
excited to have this mobile banking platform online and we see the
adoption rate of this technology continuing to grow."
Raleigh-based Coastal launched its mobile banking service to its social
media followers in late April and expanded the service to all of its
members at the end of May.
About NCR Corporation
NCR Corporation (NYSE: NCR) is a global technology company leading how
the world connects, interacts and transacts with business. NCR's
assisted- and self-service solutions and comprehensive support services
address the needs of retail, financial, travel, healthcare, hospitality,
gaming and public sector organizations in more than 100 countries. NCR (www.ncr.com)
is headquartered in Duluth, Georgia.
NCR is a trademark of NCR Corporation in the United States and other
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