Diebold's Deposit Automation Modules Number Exceeds 25,000 in U.S.
Diebold’s Deposit Automation Modules Number Exceeds 25,000 in U.S.
U.S. research reveals Diebold’s deposit automation technology implemented in all 50 states
NORTH CANTON, Ohio, Aug. 11 /PRNewswire-FirstCall/ — For decades, Diebold, Incorporated (NYSE: DBD) has developed ground-breaking technologies that elevate operational efficiencies and bolster revenues for financial institutions around the world. Now, with more than 150 patents in deposit automation technology, Diebold has envelope-free deposit technology at automated teller machines (ATMs) in each of the 50 states. This expansion of advanced-functionality at ATMs around the country underscores Diebold’s dedication to improving the intuitive user experience and delivering what financial institutions and their customers demand. Diebold also provides comprehensive services and support that can streamline implementation of new technologies to help institutions gain a competitive advantage.
Diebold has shipped more than 25,000 deposit automation modules in the United States, enabling envelope-free deposits since 1991. A proven innovator, Diebold secured its first deposit automation patent in 1995 – years before the 2003 passage of the Check 21 Act, which allows the creation of a digital version of a paper check, eliminating the need for further handling of the physical document. Automating deposit transactions at the ATM can significantly reduce operating costs across the board.
“The design and functionality of Diebold’s deposit automation innovations are developed through ongoing research and usability studies conducted in the field to reveal the specific needs of financial institutions and their customers,” said Charles E. Ducey, Jr., senior vice president, global development and services, Diebold. “For financial institutions, that equates to a solid return on their investment. With deposit automation, savings realized from the migration of routine transactions away from the teller line are only equaled by the savings from fewer deposit sweeps and the sharp reduction in costly back-end processing.”
According to Retail Banking Research, which surveyed financial institutions in 26 countries, deposit automation is one of the fastest growing new technologies. The survey concluded the number of deposit automated ATMs grew globally from 22,000 in 2003 to more than 96,000 in late 2007 and is expected to reach about 687,000 by 2018. The survey identified the cost-savings related to the acceptance, counting and sorting of deposited notes as a main market driver for this important advancement.
Diebold continually advances its deposit technology to provide institutions with a comprehensive portfolio of deposit automation tools to deliver the functionality customers seek. Diebold’s bulk-note acceptor and new enhanced-note acceptor recognize bulk currency deposits of 50 or 100 mixed-denomination notes, respectively, itemizing the deposits note-by-note, and offers the functionality to print deposit details on a receipt. With these modules, financial institutions can cut costs while providing greater functionality in regions with either standard or high-volume deposit activity. Offering the ability to accept bulk stacks of notes better serves business customers, who make about 15 percent of their deposits at ATMs.
Further among Diebold’s family of deposit automation solutions, it developed check deposit modules that accept individual or multiple checks, inserted without an envelope and capture the check image and displays it on the ATM screen for customer verification.
Additionally, Diebold’s new rapid processing technology includes any combination of these deposit modules, enabling the fast, secure deposit of cash and checks in a single transaction that features the simultaneous operation of two modules at the ATM. Unlike competitor offerings, which simply alter the cash and check insertion experience, Diebold’s rapid processing fulfills customers’ most essential needs – increased speed and heightened availability. With rapid processing, separate devices deliver the highest deposit-acceptance uptime because one module will remain in operation should an error occur affecting the other module. With a single module, a jam can shut down all deposit activity at the ATM.
About Diebold
Diebold, Incorporated is a global leader in providing integrated self-service delivery and security systems and services. Diebold employs more than 17,000 associates with representation in nearly 90 countries worldwide and is headquartered in Canton, Ohio, USA. Diebold is publicly traded on the New York Stock Exchange under the symbol ‘DBD.’ For more information, visit the company’s Web site at www.diebold.com, or visit www.diebold.com/150 to learn more about Diebold’s 150-year history.
SOURCE Diebold, Incorporated
-0- 08/11/2009
/CONTACT: Media Relations, DeAnn Zackeroff, 330-490-5220,
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,330-490-6908, christopher.bast@diebold.com/
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(DBD)
CO: Diebold, Incorporated
ST: Ohio
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