CARROLLTON, Texas - AmStar Systems Inc., a self-service financial kiosk manufacturer, is releasing a new automated check-cashing and multifunction ATM, according to a news release. The ATM is expected to hit the streets in late summer.
"The AmStar eca$hier financial services kiosk has been designed to totally eliminate the need for a backroom office to handle customer identification and the check approval process," said Carole H. Haynes, vice president of sales and marketing for AmStar Systems. "After the check is cleared in real time, according to Check 21 guidelines, the customer then receives his cash from the machine, rather than having to take a voucher to a service desk to pick up his cash. This automated feature sets AmStar's terminal apart from other check-cashing terminals in the marketplace that are only partially self-service."
The ATM also allows use of a PIN-based prepaid debit card.
To obtain the debit card for check-cashing, the customer must answer questions at the ATM for I.D. verification and an OFAC scan as required by the Patriot Act. If the customer is approved, the machine dispenses the PIN-based debit card and the customer can continue with the check-cashing process. The ATM also offers money-transfer and money-order services.
