Mitsubishi Paper Holdings Europe GmbH has agreed to license two-sided thermal paper developed by NCR Corp.

NCR, of Duluth, Ga., said Monday that the unit of Mitsubishi Corp. of Japan will market the paper worldwide.

The automated teller machine maker offers the paper technology through its consumables solutions unit.

NCR said it is widely used by banks as part of a statement printing service.

The double-sided printing technology is considered a cost-effective way to manage printing expenses.

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