News

Diebold strengthens ATM check-imaging through licensing deal

January 22, 2007

NORTH CANTON, Ohio - DataTreasury Corp., a Texas-based check-processing company, has signed a worldwide licensing deal that allows Diebold Inc. to use four of DataTreasury's financial-transaction patents.

According to a news release, the patents relate to technologies involved in the electronic processing of checks and other financial instruments, and include claims related to the capture, transmission, encryption, storing and retrieval of electronic images generated from these types of documents.

"Diebold proactively sought to license this technology to offer a more robust check-imaging suite, including ImageWay ATMs, for our customers as a key step toward accelerating the adoption of check imaging at the self- service channel," said Chuck Ducey, Diebold's senior vice president of Global Development and Services. "We are the only ATM supplier in the industry who currently holds a license to the DataTreasury patents - allowing our customers to use Diebold products and benefit from this patented technology."

Terms of licensing agreement were not disclosed. Other licensees of DataTreasury's patented technologies include JP Morgan Chase & Co., Merrill Lynch, NetDeposit Inc., Community Banking Systems and RDM Corp.

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