Several major ATM networks, including CO-OP Network from CO-OP Financial Services, Elan, First Data, FIS, Fiserv, Vantiv, and SHAZAM have completed their certification testing of NCR Scalable Deposit Module, establishing the new technology as compatible with key software systems, NCR Corp. announced. NCR is in the process of completing the certification testing process with additional networks. Since introducing SDM in the U.S. in October 2010, NCR stated, customers have placed orders for nearly 7,000 units.

SDM simplifies the automated deposit (or “no-envelope deposit”) process by helping consumers complete the deposit portion of a transaction in half the time of other ATMs, according to the company. Consumers can deposit up to a total of 50 checks and notes in a single bunch with SDM, which works with the NCR SelfServ 30 series of ATMs. Beyond giving customers a faster experience at the ATM, 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 features intuitive LED indicators to make it easier for bank staff to service the module without a maintenance call.

“When financial institutions of all sizes see SDM in action, we get the same response: this makes ATM deposits faster and easier,” said Michael O’Laughlin, senior vice president, NCR Financial Services.

By significantly speeding the deposit process, NCR can help financial institutions deliver consumers a complete ATM deposit experience that takes less than 60 seconds, allowing financial institutions to speed transactions, reduce the length of lines at the ATM, and improve customer satisfaction.

 

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