Cumberland Building Society chooses Alaric software to run and protect its Paym mobile payment service

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NCR Corporation has announced that Cumberland Building Society has deployed its Paym mobile payment service using Authentic and Fractals software from Alaric, an NCR company.

Cumberland Building Society is one of the first UK financial institutions to sign up for the Paym mobile payment service. The decision to invest in Alaric software to enable Paym is another example of the innovative building society’s commitment to improve service and make every day easier for its customers.

“Improving our customer experience by adding value when they bank with us is at the heart of Cumberland Building Society’s strategy,” said Gary Richardson, General Manager for IT at Cumberland Building Society. “One of the ways we achieve this is by responding to the way our customers want to bank by applying the latest technology. Smartphones are omni-present, so it was an easy decision to adopt the Paym service. Equally easy was the decision to extend our relationship with NCR and the Alaric team to ensure that our customers’ Paym mobile payments are efficiently run and carefully protected by Authentic and Fractals.”

“Responding to customer feedback and trends is fundamental to any good business. The financial industry is no different, but does lag other industries when it comes to adoption of mobile services and applications,” said Rachel Nash, director of Financial Services at NCR U.K. “Cumberland Building Society has a track record as one of the U.K.’s most innovative financial institutions, so it was not surprising that it was one of the first to adopt Paym. The flexibility and configurability of the Authentic and Fractals software is such that it was able to easily extend to another banking channel, and help Cumberland run and protect this new service with minimal effort.”

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