NCR Corporation (NYSE: NCR) today announced that it will install additional ATMs at hundreds of Chase locations in 2011, helping one of the nation’s largest banks deliver a faster ATM experience for customers who make multiple deposits. The roll-out will include ATMs equipped with NCR’s next-generation Scalable Deposit Module (SDM) technology, the only technology on the market that allows consumers to deposit both cash and checks simultaneously in any orientation through a single slot. This new technology, designed for NCR SelfServ ATMs, delivers a consumer deposit experience that is twice as fast as other ATMs.
Chase experienced an ATM deposit lift of well over 100% just one year after installing DA-capable machines. Consumers find it faster and are able to deposit their checks up until 11:00 p.m. and get same day credit. The bank has also reduced errors and operating costs because they now gather checks only once a week rather than every day. This enhancement should increase those impressive numbers. Read my recent Perspective on new ATM capabilities (including the single slot depository and dispenser) introduced by a custom ATM being deployed by BBVA in Spain this year and due for BBVA Compass sometime in the future.
For more information read the NCR press release: http://www.ncr.com/about_ncr/media_information/news_releases/2011/january/20110124_chase.jsp?lang=EN
Or the article: http://www.banktech.com/channels/229100092
