News
Wincor Nixdorf rolls out 10,000th bulk check deposit ATM
November 15, 2007
PADERBORN, Germany - Wincor Nixdorf, a leading supplier of IT solutions for the banking and retail industries, has rolled out its 10,000th bulk check deposit ATM. Introduced in 2005, the ATM is the only one available that allows consumers to deposit up to 50 checks or notes at one time in a single deposit slot without an envelope.
The 10,000th Wincor Nixdorf bulk check deposit ATM was manufactured in Paderborn, Germany, and rolled out in California by Wells Fargo, the fifth-largest financial institution in the U.S. Wells Fargo has deployed more than 1,000 Wincor Nixdorf bulk check deposit ATMs.
"Since the introduction of Check 21 legislation, banks have invested considerable resources getting their back-end processes in place, and they're now taking advantage of Check 21 on the front end, including new ways the technology can provide a superior banking experience for their customers," said Alan Walsh, vice president of banking for Wincor Nixdorf USA. "This milestone clearly exemplifies that trend and suggests that bulk deposit ATMs will remain the preferred ATM technology of the future."
Intelligent deposit systems automate the entire cash handling process and shorten the cash cycle from the beginning. Cash and checks are validated using the latest, precise image processing technology. The entire posting process is automated. Unsorted bundles of up to 50 banknotes or 50 checks can be deposited at systems featuring a CCDM. Wincor Nixdorf is the only vendor to support deposits of checks in bundles in a module.
This considerably reduces financial institutions' costs for cash logistics without adversely affecting availability. Interest paid and the cost of replenishment and deplenishment are reduced, while the cash supply is made more secure. The cash/check deposit module also puts an end to the presentation of checks at the counter.
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