Channels

10:18 AM
Connect Directly
RSS
E-Mail
50%
50%

Chase to Deploy Hundreds of Single-Slot NCR ATMs

Consumers will be able to drop cash and checks simultaneously into a universal deposit slot.

Chase, the consumer and commercial banking business of J.P. Morgan Chase, plans to install NCR SelfServ ATMs at hundreds of locations in 2011. The new machines will feature NCR's Scalable Deposit Module technology, which lets consumers deposit both cash and checks simultaneously in any orientation through a single slot. Wells Fargo has been piloting these ATMs since October.

"NCR's new SDM technology will help make our Deposit Friendly ATMs even better," said Ryan McInerney, CEO of Consumer Banking at Chase. "It will be even easier for customers to make deposits at more of our ATMs."

Chase operates 16,000 ATMs across the U.S. and was one of the first banks to offer envelope-free check deposits at its ATMs.

According to NCR, a typical consumer transaction of five bank notes and two checks can take less than 60 seconds to deposit using this type of ATM. Small and medium size businesses, such as doctors and small business owners, who on average deposit between 12-20 checks and/or 25-30 notes per transaction, could find this useful.

Comment  | 
Print  | 
More Insights
Register for Bank Systems & Technology Newsletters
White Papers
Current Issue
Bank Systems & Technology Oct. 14, 2014
Bank Systems & Technology's new Must Reads is a compendium of our best recent coverage of customer analytics. Learn what big data means for banks, meet Wells Fargo CDO Charles Thomas, find out how to connect with your Gen Y customers, and more.
Slideshows
Video
Bank Systems & Technology Radio
Archived Audio Interviews
Join Bank Systems & Technology Associate Editor Bryan Yurcan, and guests Karen Massey and Jerry Silva from IDC Financial Insights, for a conversation about the firm's 11th annual FinTech rankings.