MISSISSAUGA, Ontario - NCR Corp., is installing business-depository-enabled ATMs in Canada's second-largest credit union, Coast Capital Savings. According to a news release, Coast Capital is the first credit union in Canada to bring self-service banking and business-depository together for its members.
Ten Coast Capital branches have already rolled out business depository-enabled ATMs. Rollout for the credit union's entire 46-branch network is slated for completion in early 2006.
The new service is delivered on an NCR Personas M Series 86, equipped with an NCR 5285 business depository. Designed for both interior and exterior locations, the Personas M Series 86 ATM features NCR Aptra Advance, an advanced Windows-based software platform.
"This is a great example of how the ATM is evolving to meet the needs of a business environment that, for many companies, operates 24 hours a day, seven days a week," said Nicholas Hames, vice president of NCR's Financial Solutions Division in Canada.
The service provides business customers with a "virtual" business depository box that does not reside at any particular branch, allowing business owners to make deposits at any location that offers the technology. Business customers are instantly credited, and are given a printed ATM receipt confirming the date, time and amount of the deposit.
