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NCR Corp. led the world at the end of 2009 in the installation of intelligent-deposit ATMs, a market that is forecasted to grow two times faster than the installed base of traditional ATMs.
According to Retail Banking Research, a London-based strategic research and consulting firm, NCR controlled a 27.3 percent share of the installed base of intelligent deposit, or envelope-free ATMs, outside of Japan and South Korea.
Retail Banking Research's report covers 27 countries, and in those countries, automated-deposits ATMs outnumber envelope-accepting machines. The report is titled, "Deposit Automation and Recycling 2010."
NCR, which is based in Duluth, Ga., has installed more intelligent-deposit ATMs in key global regions that include Europe, North America and the Middle East/Africa. In Eastern Europe, a fast-growing ATM market, NCR has an installed base of intelligent-deposit ATMs nearly four times the size of its nearest competitor.
"All around the world, consumers are responding to deposits enthusiastically to self-service technology, and deposit automation is perhaps the most embraced form of self-service that we've seen from consumers," said Michael O'Laughlin, senior vice president of NCR Financial Services.
Last year, NCR launched its Scalable Deposit Module technology, enabling cardholders to deposit checks and cash through a single slot in a single transaction. Company officials said its Scalable Deposit Module reduces transactions to less than 60 seconds, allowing financial institutions to increase transaction capacity, reduce lines at the ATM and improve customer satisfaction.
NCR is the world's largest ATM manufacturer based on annual shipments.
Topics: ATM Installation / Deployment
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