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Fifth Third introduces mixed media deposit ATMs

May 15, 2012

Fifth Third Bank, a Cincinnati-based "super-regional" bank with $117 billion in assets, has teamed with NCR Corp. and Phoenix Interactive to offer ATM mixed-media deposit functionality to customers.

The Bank is currently piloting the advanced-technology ATM at its headquarters and plans to begin deployment of additional machines across its service area by the end of the year.

NCR single-slot ATMs and Phoenix Intelligent Deposit software allow customers to combine up to 50 checks and bills in a single, envelope-free ATM deposit, at twice the speed of traditional ATM deposits that require checks or bills to be inserted one by one.

Phoenix's VISTAatm Intelligent Deposit software solutions enable on-screen document recognition and summarization. Customers have the option to view thumbnail images of all checks, zoom in or pan an individual check, or even flip it over to see the back.

"With the help of NCR and Phoenix, we can offer our customers the ability to make mixed-media deposits simpler and faster, thereby improving the overall customer experience," said Kevin T. Kabat, president and CEO Fifth Third Bancorp.

For more on this topic, visit the bank automation research center.

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