Wincor releases mixed bundle deposit ATM technology
07 December 2007 | 3513 views | 0
Source: Wincor Nixdorf
Wincor Nixdorf, the first company to introduce bulk check deposit ATM technology to the banking industry, will take the technology a significant step further with a mixed bundle deposit ATM.
The new Wincor Nixdorf ATM will allow consumers to deposit a mixed stack of cash and checks at the same time in a single deposit slot with no envelope, while significantly increasing efficiency for financial institutions.
Because the mixed bundle ATM enables consumers to deposit stacks of up to 50 mixed cash and checks in one transaction, as opposed to a separate transaction for each, the total time spent at the ATM is drastically reduced. The technology also makes the deposit process safer because consumers no longer have to stand in front of the ATM holding a bundle of cash or checks, waiting to process each transaction separately.
For small business owners and even consumers with large quantities of checks, Wincor Nixdorf's mixed bundle ATM accelerates the deposit process further because of its ability to process checks regardless of their orientation in the deposit tray.
For financial institutions, Wincor Nixdorf's mixed bundle ATM drastically increases efficiency at the ATM channel because just one of the systems rivals the deposit volume capacity of several conventional, one-check-at-a-time ATMs.
"Mixed bundle ATM technology is a logical next step in the evolution of the ATM," said Jerry Silva, research director for the delivery channels practice at TowerGroup, a leading research and advisory services firm focused exclusively on the global financial services industry. "By allowing for deposits of mixed cash and checks, the technology creates a faster, easier experience at the ATM for consumers and significantly increases a financial institution's efficiency at the self-service channel."
All of these benefits are in addition to those first afforded by Wincor Nixdorf's bulk check deposit ATM, including immediate availability of deposited funds, greater convenience for consumers, as well as significantly lower transaction costs and unprecedented check fraud protection for financial institutions.