DAYTON, Ohio — More than 200,000 of the nation's approximately 400,000 ATMs are owned and operated by U.S. financial institutions, and a growing number of those machines are increasingly relying on deposit automation technology. And NCR Corp. says its playing a critical role in providing that new technology.
According to a news release, NCR has deployed more than 10,000 of its no-envelope, "intelligent deposit" ATMs throughout the United States.
In 2008, more than 70 percent of NCR's U.S. SelfServ ATM shipments featured intelligent deposit. According to London-based Retail Banking Research Ltd., NCR's automated-deposit solution was the most widely deployed imaging solution in the United States. Based on sales trends and market estimates by RBR, NCR says it expects traditional envelope-based ATM deposits to be nearly extinct by 2019.
Intelligent deposit is touted for reducing fraud, increasing revenue, eliminating paper costs, and reducing operational costs.
"The days of licking envelopes at the ATM are soon over," said Michael O'Laughlin, vice president and general manager, NCR Financial Services Solutions. "As with all forms of self-service technology, intelligent deposit ATMs help financial institutions connect, interact and transact with their customers. By reaching the milestone of 10,000 intelligent deposit ATMs in deployment in the U.S., our financial institution customers have validated NCR's end-to-end deposit automation solution. The growth of this technology shows how powerful this self-service technology can be to improve bank operations and reduce costs, while improving the overall customer experience."
NCR built the first intelligent deposit ATM in 1998 and, according to RBR, has been the worldwide leader in ATMs for 22 consecutive years.
