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.
(Logo: http://www.newscom.com/cgi-bin/prnh/20080725/DIEBOLDLOGO )
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, +1-330-490-5220,
deann.zackeroff@diebold.com; or Investor Relations, Christopher Bast
,+1-330-490-6908, christopher.bast@diebold.com/
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/Web Site: http://www.diebold.com /
(DBD)
CO: Diebold, Incorporated
ST: Ohio
IN: FIN HRD CPR MAC
SU: PDT SVY
PR
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5941 08/11/2009 12:22 EDT http://www.prnewswire.com
