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NCR Introduces New Payment Solutions In India

Leveraging off its market share of payment solutions in India, NCR Corp. has introduced its ChequeMark solution and services in India.

ChequeMark, designed to enhance check clearing efficiencies, will function on 7780 reader sorter and NT based server with value added modules like image statements, CD-ROM statements and remittance processes.

Commenting on NCR's operations in India, Loney Antony, country manager and director, Financial Solutions Group, NCR, India, said, "NCR India is committed to provide its customers with real time financial solutions and technologically advanced products. With NCR's world class solutions, the Indian consumer will benefit from better choice and service from their banks."

According to market sources, NCR is one of the leaders in providing payment solutions for check clearing centers in India, with a reported market share of over 70 percent.

NCR's Financial Solutions Group is also the largest supplier of ATMs both in India and across the world.

According to another official, the firm is developing tools for the future of e-commerce and is a part of the charge toward an electronic, information-rich society.

The official continued, "As emerging e-commerce technologies make our lives easier, the technology behind them must get not just smarter but more secure."

Jose Pincetic, vice president of payment solutions, Financial Solutions Group, NCR Corp., stated that, "based on over 100 years of experience in meeting the needs of consumer oriented businesses, NCR has a unique advantage because of its ability to interact, connect, knowledge and relate a customer with the bank. This is a very powerful circle and we have seen customers benefiting from such interlinked solutions worldwide."

Anthony Lay, vice president of payments solutions, Asia Pacific Region pointed out that NCR was constantly pursuing opportunities in the new arena of electronic payment solutions.

NCR has developed a spectrum of financial solutions and has implemented the same in Thailand and China vis-a-vis clearing and settling large value transactions.

NCR India has over a 100 employees with headquarters in Mumbai, sales and marketing offices in the four Indian regions, and service support offices in all major cities.