News

BAI RD: Diebold to unveil rapid processing deposit automation solution

November 18, 2008

ORLANDO, Fla. —Diebold Inc. is rolling out the newestinnovation in its deposit automation family of solutions. With Diebold's newrapid processing capability, financial institutions now can provide consumersand business customers with an automated deposit option designed to expeditebulk note and check deposits at any time of the day or night, improvingsecurity and enhancing convenience at the ATM.

Rapid processing is executed in a single transaction that features thesimultaneous operation of two modules at the ATM. One module facilitatessingle or bulk note deposits and the other enables single or bulk checkdeposits. Providing two separate modules, synchronously operating, to conducta single transaction does more than increase the speed of transactions. It

also greatly enhances reliability, according to a news release.

"It's imperative in today's fast-paced society for financial institutionsto consistently improve the speed and convenience at which customers canconduct self-service transactions," said Charles E. Ducey, Jr., senior vicepresident, global development and services, Diebold. "Rapid processing is onemore tool to help financial institutions better serve customers throughimproved availability. And because both notes and checks can be immediatelyinserted, it provides another layer of security at the ATM and reduces waittime."

Research has shown deposit automation benefits financial institutions notonly by delivering cost-effective transactions, it also promotes greater branddifferentiation, strengthens compliance with regulatory mandates and, bymigrating transactions out of the branch, it offers the freedom to buildcustomer relationships to promote higher value products and services.Additionally, deposit automation has proven to increase total transactions anddeposit activity.

With rapid processing, Diebold's note-accepting technology can acceptstacks of mixed denomination currency without an envelope or a deposit slip.The module verifies and itemizes the deposit note-by-note. This allows forinstant credit, depending on the institution's policy, and the module can holdlarge quantities of cash longer, allowing for fewer deposit sweeps.Additionally, offering the ability to accept large stacks of notes betterserves business customers, who regularly make deposits at ATMs.

With checks — also inserted without an envelope or deposit slip —Diebold's Intelligent Depository Module accepts a single check or stacksup to 30. The check images are captured and displayed on the ATM screen forcustomer verification. Through superior imaging and character recognition,the check images are printed on the receipt along with the details of the cashtransaction. Additionally, before the transaction is completed, customers areoffered the opportunity to cancel the deposit of any one of the checks or theentire bulk stack. Customers also can adjust or cancel the note depositportion of the transaction. Once the details of the transaction are approved,the data is collected, including the images of the deposited checks, andtransmitted to a server, which begins the check clearing process.

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