News

NCR leads in no-envelope deposits at ATMs

November 21, 2006

LAS VEGAS -At BAI's Retail Delivery Conference & Expo Nov. 14-16, NCR Corp. reported that it is now leading the global ATM market with no-envelope deposit technology.

NCR has deployed more than 2,200 ATMs in the United States that are capable of accepting envelope-free check and cash deposits at the ATM. The company says those deployments confirm its role as the leading player in intelligent ATM deposit technology.

According to a news release, NCR has shipped nearly 19,000 intelligent deposit ATMs worldwide.

Michigan's Financial Plus Federal Credit Union, Chicago's Advantage National Bank and Florida's Commerce Credit Union are the latest U.S. financial institutions to join the ranks of NCR Personas M Series customers who use no-envelope-deposit functionality. Of the major FIs deploying imaged-based deposits, the majority have selected NCR, the company says.

NCR's deposit-automation technology also is deployed by more than 35 community banks and credit unions across the United States.

"While customers were initially deploying one or two units in test mode, we are now seeing double-digit deployments go live and full-scale rollouts being planned," said Andy Orent, vice president of NCR's Financial Solutions Division for the Americas. "We are certainly witnessing validation of our technology by our financial industry customers, and consumers love the technology. Our FI customers in the U.S. are particularly interested in this technology as a first-step toward branch optimization."

Beyond the United States, NCR has deployed deposit automation in Italy, Spain, the United Kingdom and Asia.