NCR has purchased US video banking software outfit uGenius Technology. It says the acquisition will help it continue to grow its APTRA Interactive Teller solution, which lets consumers conduct remote, assisted-teller transactions over an ATM. The company plans to begin pilots for APTRA Interactive Teller with a number of the top 10 US banks in the first half of 2013.

In 2011, NCR and uGenius collaborated to build the first ATM that lets consumers talk and bank with a live, remote teller. In January 2012, NCR acquired a minority stake in the company. It now 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 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,” says Peter Leav, executive vice president, NCR Corporation. “Through our development work with uGenius and the resulting purchases and pilots by banks and credit unions, we have definitively placed NCR in front of all other technology companies in this area. By acquiring uGenius, we are delivering against our corporate strategy of innovating for our customers and reinventing NCR as a software-driven business, while allowing us to enhance existing technology platforms and create a new segment of remote assisted service.”

Terms of the deal were not disclosed.

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