News

Pilot program overview: Vero check cashing on Tranax ATM platform

June 20, 2006

Vero Inc., financial-services-technology company, offers an advanced check cashing solution that reduces risk by improving check cashing services and processes. Vero has partnered with Tranax Technologies Inc. to deliver a new self-service check cashing solution to the retail market.  

Vero's Self-Enrollment Solution on the Tranax Hybrid ATM Platform features an entirely new technology that delivers a reliable, secure and fully automated check-cashing solution that minimizes the risk of loss and increases revenue opportunities.

Vero's Pilot Program

A pilot program is a critical component when developing new technologies.

Vero's pilot is typically a two- to three month-long test of the new technology in a controlled environment.

The pilot program is how Vero collects critical customer feedback, uncovers potential challenges, and refines new technology to ensure that the best product possible will be available to the broader market.

Vero's Self-Enrollment Solution on the Tranax Hybrid ATM Platform will begin a pilot this fall. Once a successful pilot program is complete, the product will be evolved to incorporate key findings for commercial release.

Vero anticipates that its Self-Enrollment Solution on the Tranax Hybrid ATM Platform will be available winter 2006.