First Data Corp., a global electronic commerce and payment processor, announced that it is the first processor to certify NCR’s next-generation Scalable Deposit Module. That means that First Data’s ATM outsourcing and ATM driving client base can use NCR ATMs equipped with the module.

NCR’s SDM technology allows consumers to deposit a stack of cash or multiple checks, in any orientation, through a single slot. This speeds the transaction, improving the ATM experience particularly for consumers who deposit large volumes, such as small to mid-sized businesses.

Fremont Bank, Fremont, Calif., will be First Data’s first bank client to deploy the SDM.

“We believe that adopting this capability early will serve to differentiate us in our market and enhance our relationships with our customers,” said Christopher Olson, Fremont’s chief operating officer. “By reducing the amount of time they spend at the ATM, the SDM makes self-service/anytime banking much more feasible for consumers who have varied deposits to make.”

In addition, SDM-enabled ATMs truncate checks and store them in the safe, eliminating the need for daily pick-up. They also use a simple media path that reduces jams and feature LED indicators that make it easier for bank staff to service the module without a maintenance call.

For more information go to:
http://www.firstdata.com/en_us/about-first-data/media/press-releases/06_16_11