NCR Corp. today announced it is in the process of completing certification testing with additional networks for its Scalable Deposit Module (SDM) technology, according to a company press release.
Major ATM networks, including CO-OP Network from CO-OP Financial Services, Elan, First Data, FIS, Fiserv, Vantiv and SHAZAM have completed their certification testing of SDM, establishing the new technology as compatible with key software systems.
Consumers can deposit up to a total of 50 checks and notes in a single bunch with SDM, which works with the NCR SelfServ 30 series of ATMs. SDM-enabled ATMs truncate checks and store them in the safe, eliminating the need for daily pick up. They also use a media path that reduces jams and features intuitive LED indicators to make it easier for bank staff to service the module without a maintenance call.
Since introducing SDM in the U.S. in October 2010, NCR customers have placed orders for nearly 7,000 units. NCR is the only manufacturer to deploy a single-slot, mixed-media-deposit ATM solution.
“When financial institutions of all sizes see SDM in action, we get the same response: this makes ATM deposits faster and easier,” said Michael O’Laughlin, senior vice president, NCR Financial Services.
