NCR Corp. purchased the Sandy, Utah-based video banking software maker uGenius Technology Inc.

The two companies have collaborated since 2011 in the development of an ATM that allows bank customers to talk to a teller remotely through a video connection, NCR said in its Jan. 3 announcement. NCR purchased a minority stake in uGenius in 2012. NCR did not disclose the financial terms of last year's investment or of the acquisition, which it closed Dec. 31. 

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