PaymentsJournal
No Result
View All Result
SIGN UP
  • Commercial
  • Credit
  • Debit
  • Digital Assets & Crypto
  • Digital Banking
  • Emerging Payments
  • Fraud & Security
  • Merchant
  • Prepaid
PaymentsJournal
  • Commercial
  • Credit
  • Debit
  • Digital Assets & Crypto
  • Digital Banking
  • Emerging Payments
  • Fraud & Security
  • Merchant
  • Prepaid
No Result
View All Result
PaymentsJournal
No Result
View All Result

Chase to Deploy Hundreds of Single-Slot NCR ATMs

By Mercator Advisory Group
January 26, 2011
in Analysts Coverage
0
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn
CFPB prepaid
Chase continues its program of making it easier for their customers to make deposits at their fleet of over 16,000 ATMs in the US. One of the first large US banks to deploy deposit automation (DA)- enabled ATMs, Chase is making an additional investment in their ATMs by replacing the multiple depositors and dispensers that are confusing for consumers with just one slot in the machine for depositing and dispensing. Making the answer to the perennial question “Where do I put it?” simple, straight forward, and faster.

NCR Corporation (NYSE: NCR) today announced that it will install additional ATMs at hundreds of Chase locations in 2011, helping one of the nation’s largest banks deliver a faster ATM experience for customers who make multiple deposits. The roll-out will include ATMs equipped with NCR’s next-generation Scalable Deposit Module (SDM) technology, the only technology on the market that allows consumers to deposit both cash and checks simultaneously in any orientation through a single slot. This new technology, designed for NCR SelfServ ATMs, delivers a consumer deposit experience that is twice as fast as other ATMs.

Chase experienced an ATM deposit lift of well over 100% just one year after installing DA-capable machines. Consumers find it faster and are able to deposit their checks up until 11:00 p.m. and get same day credit. The bank has also reduced errors and operating costs because they now gather checks only once a week rather than every day. This enhancement should increase those impressive numbers. Read my recent Perspective on new ATM capabilities (including the single slot depository and dispenser) introduced by a custom ATM being deployed by BBVA in Spain this year and due for BBVA Compass sometime in the future.

For more information read the NCR press release: http://www.ncr.com/about_ncr/media_information/news_releases/2011/january/20110124_chase.jsp?lang=EN

Or the article: http://www.banktech.com/channels/229100092

0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

    Get the Latest News and Insights Delivered Daily

    Subscribe to the PaymentsJournal Newsletter for exclusive insight and data from Javelin Strategy & Research analysts and industry professionals.

    Must Reads

    Making Real-Time Payments a Reality

    Fulfilling the Promise: Making Real-Time Payments a Reality

    July 10, 2025
    mortgage

    The Rich Benefits of In-House Payment Systems

    July 9, 2025
    digital cards

    Beyond Plastic: Why Digital Cards Are the Future

    July 8, 2025
    What Premium Card Overhauls by Chase and Amex Reveal About the Credit Card Market

    What Premium Card Overhauls by Chase and Amex Reveal About the Credit Card Market

    July 7, 2025
    Rewire Acquires Imagen, Looking at Prepaid Cards for Migrant Workers

    Smells Like Team Spirit: What Makes Cobranded Credit Cards Work

    July 3, 2025
    uk banking outages

    New Continuous Strategies for Battling Account Takeovers

    July 2, 2025
    Fraud Monitoring

    What to Expect When Nacha’s Fraud Monitoring Rules Take Effect

    July 1, 2025
    payments

    Don’t Just React to What’s Next in Payments—Anticipate It

    June 30, 2025

    Linkedin-in X-twitter
    • Commercial
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Digital Banking
    • Commercial
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Digital Banking
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    • About Us
    • Advertise With Us
    • Sign Up for Our Newsletter
    • About Us
    • Advertise With Us
    • Sign Up for Our Newsletter

    ©2024 PaymentsJournal.com |  Terms of Use | Privacy Policy

    • Commercial Payments
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    No Result
    View All Result