News Releases

TORONTO, ONTARIO--(Marketwired - Nov. 10, 2014) - BMO Bank of Montreal announced today plans to enhance its network of 2,200 full-service ATMs, providing customers with intelligent-deposit touch screens, enabling multi-deposit transactions, and allowing scanned cheques and cash (bank notes) to be viewed on screen and printed on transaction receipts.

The new technology initiative with NCR (NYSE:NCR), the global leader in consumer transaction technologies, is built on the NCR Cx Banking software platform and includes:

• SDM (Scalable Deposit Module) technology that will allow customers to deposit five bank notes and two cheques in fewer than 60 seconds
• Single slot deposits that will accept both cash and cheques simultaneously
• Storage capacity of 2,000 bank notes and 1,600 cheques
• Dynamic Deskew, a feature allowing cheques and bank notes to be straightened when inserted, meaning a smooth transaction into the machine
• High quality image processing, allowing scanned cheques and bank notes to be viewed on screen and printed on the transaction receipt

"Our ATM network ranks among the most popular method of daily banking for our customers," said Steven Nowaczyk, Head of North American ATM Channel, BMO Financial Group. "These new ATMs will give our customers enhanced convenience, security and performance, making the process intuitive, faster and more dependable."

"NCR technology is the industry standard for making banking faster, more convenient and personal. It also keeps backend systems running at their peak performance, which is essential to a consistent customer experience," said Scott Hackl, vice president, NCR Financial Services.

The new ATMs will begin to be installed in locations across Ontario in Summer 2015.

About BMO Financial Group

Established in 1817 as Bank of Montreal, BMO Financial Group is a highly diversified financial services organization based in North America. The bank offers a broad range of retail banking, wealth management and investment banking products and services to more than 12 million customers. BMO Financial Group had more than $586 billion in total assets and approximately 47,000 employees at July 31, 2014.

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 is headquartered in Duluth, Georgia with approximately 29,000 employees and does business in 180 countries.