Chase: ATM Check Scanners

While some banks are struggling to keep their heads above water, Chase is becoming increasingly efficient. By 2010, the bank plans to deploy 5,000 internal scanners at its ATM sites, allowing members to simply insert their checks and cash for deposit. I've used the machine in Lakewood, Colorado and can personally verify their convenience.

"Customers can insert a stack of up to 30 checks or 50 bills of U.S. currency in the new ATMs without an envelope or deposit slip. The ATMs rapidly calculate the deposit and display images of the checks on both the screen and printed receipt - typically in less than 60 seconds.

The screen and receipt images make consumers more confident in making deposits at ATMs. In fact, deposit volume has increased by more than 50 percent at some of the 50 no-envelope ATMs Chase has been piloting. " -ALL BUSINESS

Duh.

bk