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S2 Systems adds support for Diebold's Opteva bulk note acceptor module

29 April 2004  |  2318 views  |  0

Diebold, Incorporated (NYSE:DBD) and S2 Systems Inc. today announced OpeN/2 support for Diebold's Opteva bulk note acceptor module.

S2 Systems' latest support initiative enables OpeN/2 customers to cost-effectively migrate deposit transactions from the teller line to advanced-function automated teller machines (ATMs) that offer envelope-free cash depositing. S2 Systems' OpeN/2 platform provides the infrastructure framework for enterprise payments to help transform the customer's multi-channel experience by leveraging the next generation of self-service technologies.

"Diebold's bulk note acceptor, combined with its Intelligent Depository Module for Opteva ATMs, is an automation solution enabling OpeN/2 customers to significantly reduce operating service costs," said Lynn Holland, chief technology officer of S2 Systems. "Financial institutions and processors that utilize S2 Systems' OpeN/2 to drive their ATM networks now have an unprecedented opportunity to emulate the teller line experience by accurately counting currency and reading a check's courtesy amount, processing both as a single deposit transaction that is displayed on the screen and via receipt."

The newest generation of bundled cash deposit technology from Diebold will accept a loose stack of up to 100 notes, then validate and denominate the notes for immediate deposit credit, integrating a refined technology into the traditional ATM and initiating a new era of "deposit automation." While the current market norm for ATMs is a four-cassette capacity, Opteva ATMs can scale up to five cassettes. The fifth cassette can either be used to distribute non-cash items - such as tickets and vouchers - or it can help maximize cash storage space, a useful feature for ATMs in remote locations.

"We are delighted that OpeN/2 customers can now leverage Opteva's bulk cash and check deposit capabilities to reduce ATM service requirements and enhance the customer experience," said Danny O'Brien, senior vice president of Global Product Management, Marketing and Development at Diebold. "This is the latest example of how Diebold and S2 Systems continue to provide the kind of collaborative hardware and software technologies that help customers expand retail delivery channels while dramatically enhancing service, security and reliability."

Earlier S2 Systems announced the completion of certification testing to enable S2's OpeN/2 payment solution to drive Diebold's Opteva advanced-function ATMs using Agilis 91x software. Acceptance testing was also extended to Diebold's proven Intelligent Depository Module that can improve the speed, accuracy and convenience of consumer check deposit transactions by migrating them to ATMs. S2 Systems' OpeN/2 support for Diebold's bulk note acceptor is the latest example of how the two companies are helping organizations integrate multi-channel payment transactions into a single view.

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