NCR ATMs dispense $2 million dollars in cash every minute of every day in over 100 different currencies. In fact, nearly one-third of the more than a million ATMs currently in use around the world were made by NCR and now U.S. consumers are beginning to experience the same advanced technology used abroad.
Background: Automated Teller Machines (ATMs) are among the most trusted financial transaction devices in the world. Since they first hit the market more than 30 years ago, consumers have readily turned to the ATM for cash withdrawal. NCR has several major U.S. customers currently rolling out advanced functions to U.S. consumers. FleetBoston Bank recently introduced new advanced ATMs in New York City and Boston, driven by NCR’s advanced function software. Fleet customers can now access their credit accounts in addition to their bank accounts, and even purchase stamps at the ATM … and they can conduct the transaction in the language of their preference. Very soon, Fleet customers will also be able to pay bills at the ATM.
In the U.S., we typically conduct five ATM transactions — cash withdrawal, deposit, balance inquiry, account transfer and, in some cases, statement printing. In other countries, the ATM is used for up to 40 different transactions … like purchasing stock in Singapore … paying bills or adding value to your mobile phone account in Italy … and getting your government support check or purchasing cinema tickets in Spain. U.S. consumers will now have some of these same added conveniences at their nearby ATM.
NCR’s next generation “M Series” Personas(TM) ATMs customize the ATM experience based on each bank’s needs. The next big move is to make depositing at the ATM as simple and trusted as withdrawing cash. To do this, NCR’s new ATMs can offer no-envelope deposit. The machine scans the deposit and produces an image of the deposited check on the screen and on the customer’s receipt as ‘proof positive’ that the deposit transaction was accepted. Cash deposits are also counted and the receipt will indicate the total amount and listing of each denomination inserted.
7-Eleven customers in Texas and Florida use an NCR self-service terminal to cash checks down to the penny, direct money to be sent from their account to friends or family anywhere in the world or even shop on line using cash. This program, which 7-Eleven calls Vcom for Virtual Commerce, is on target to roll out to 1,000 7-Eleven stores nationwide.