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Chase moves ATMS to imaged deposits; uses tech from Wincor Nixdorf, NCR

December 21, 2008

Bank Systems & Technology:Though mobile banking seems to get a lot of attention, JPMorgan Chase & Co. ($1.24 trillion in assets) is focusing attention on upgrading or replacing its 5,000 envelope-based, deposit-taking ATMs with image-based machines. The New York-based institution is rolling out 900 no-envelope ATMs. "By 2010, all of our deposit-taking ATMs across the country will be no-envelope machines," said Tom Kelly, a Chase spokesman. Chase is deploying 600 Wincor Nixdorf multicheck ATMs and plans to install an additional 300 multicheck ATMs from its primary supplier, NCR, which also will provide the back-office software to process check-images.

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