ATM Deposit Automation Solution

Tags: Bank Automation, Check Cashing, Software

Type: White Paper

ATM Deposit Automation offers banks immediate cost savings from reduced transportation and processing costs, as this workflow does not rely on the paper documents for deposit processing. Additionally, only Alogent’s ATM Deposit Automation Solution offers full check truncation immediately, or at the implementation pace chosen by your financial institution. This is controlled exclusively through the use of standard, central business rules that are deployed to all branch and ATM points of presentment. In a 2004 article, “Can Banks Grow Beyond M&A?”, McKinsey estimates annual industry-wide savings from full truncation in the range of $2-$3B annually.

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