uGenius Launches Online Banking System

Salt Lake City-based uGenius Technology, a firm developing video-based automated teller and banking machines, said today that it has launched a new product aimed at online banking. The company--which is backed by NCR--said its new uGenius Online Video Banking product allowc customers to communicate with financial institutions via a home or office computer. The new product allows users using a home or office computer with a webcam to get answers to questions, apply for loans, and more. The firm did not announce the cost of the new product.