Morgan Stanley one of the first U.S. financial institutions to
implement NCR APTRA™ Passport for Mobile enhanced with Mitek MiSnap™
DULUTH, Ga.--(BUSINESS WIRE)--Jun. 24, 2014--
Morgan
Stanley Wealth Management (NYSE: MS) has integrated the latest in
mobile check deposit software from NCR
Corporation (NYSE: NCR), the global leader in consumer transaction
technologies, into its new Morgan Stanley Mobile App for iPhone®, giving
its wealth management clients a simple, convenient method for depositing
paper checks.
Morgan Stanley’s new wealth management app features cutting-edge
technology from NCR partner Mitek that makes taking a suitable photo of
a check using a mobile phone camera even easier. Mitek MiSnap provides
onscreen guidance to clients to help them properly orient the check in
the photo frame and then snaps a picture of the check automatically.
This reduces complexity, avoids fumbling with the phone in order to
shoot the picture, results in better check image quality, and reduces
errors – speeding processing time. The check deposit is then validated
and transmitted using the new NCR
APTRA Passport for Mobile software, which delivers fast, secure and
reliable check processing.
“A new breed of consumers expects more from their mobile interaction
with their financial institution,” said Steve Nogalo, Vice President and
General Manager of Payments, NCR Financial Services. “Through APTRA
Passport for Mobile, Morgan Stanley is able to give its clients the
freedom to deposit checks in convenient, secure manner.”
The use of mobile check deposit is growing rapidly. Earlier this year, a Federal
Reserve survey showed that 38 percent of mobile bankers have used
their phone to deposit a check in the past 12 months, up from 21 percent
in 2012. NCR APTRA Passport for Mobile makes mobile deposits possible,
leveraging advanced item filtering, recognition, image optimization, and
balancing technologies to validate all transactions and images before
sending them to posting, transit banks and archives.
About NCR Corporation
NCR Corporation (NYSE: NCR) is the global leader in consumer transaction
technologies, turning everyday interactions with businesses into
exceptional experiences. With its software, hardware, and portfolio of
services, NCR enables more than 485 million transactions daily across
retail, financial, travel, hospitality, telecom and technology, and
small business. NCR solutions run the everyday transactions that make
your life easier.
NCR is headquartered in Duluth, Georgia with approximately 29,000
employees and does business in 180 countries. NCR is a trademark of NCR
Corporation in the United States and other countries.
Web sites: www.ncr.com,
www.ncrsilver.com
Twitter:
@NCRCorporation
Facebook:
www.facebook.com/ncrcorp
LinkedIn:
www.linkedin.com/company/ncr-corporation
YouTube:
www.youtube.com/user/ncrcorporation
About Mitek
Headquartered in San Diego, Calif., Mitek (NASDAQ: MITK) is the leading
innovator of mobile imaging for financial transactions. Mitek’s patented
mobile photo technology automatically captures images of personal and
financial documents and then extracts relevant data. This enables
consumers to use the Camera as a Keyboard™ to reduce friction for mobile
check deposit, account opening, bill payment, insurance quoting, and
many other use cases. This innovative technology is licensed by more
than 2,200 organizations and used by tens of millions of consumers
enabling increased customer acquisition, retention and operational
efficiency. www.miteksystems.com
About Morgan Stanley
Morgan Stanley Wealth Management, a global leader, provides access to a
wide range of products and services to individuals, businesses and
institutions, including brokerage and investment advisory services,
financial and wealth planning, banking services, annuities and
insurance, retirement and trust services.
Morgan Stanley is a leading global financial services firm providing a
wide range of investment banking, securities, investment management and
wealth management services. The Firm's employees serve clients worldwide
including corporations, governments, institutions and individuals from
more than 1,200 offices in 43 countries. For further information about
Morgan Stanley, please visit www.morganstanley.com.
Source: NCR Corporation
NCR Corporation
Jeff Dudash, 770-212-5091
jeff.dudash@ncr.com
