Deposit Automation

Financial institutions using SWITCHWARE® to drive their ATMs, can offer "no envelope" cash and check deposits to their customers.  No envelope deposits eliminate paper envelope stocking at the ATM and provide your customers with increased confidence to conduct deposit transactions at the ATM.  The increased levels of confidence are a result of the customer being presented with an electronic image of the check on the ATM's screen and a summation of the cash deposited and a printed image of the check on their ATM receipt.  Accepting checks electronically also results in faster check clearing times and streamlines the deposit verification process when using a back office consolidation server.

Not depicted in the above diagram is the ATM manaufactuer's consolidation server that receives raw check data and images directly from the ATM (SWITCHWARE® is not involved in this process). The data received from the ATM can be viewed on the consolidation server and then sent to the back office check processing system for posting or sent for external clearing.