Regions Makes ATM Deposits Quick And Easy With DepositSmart ATMsSM
To provide customers with more convenience when making deposits, Regions Financial (NYSE:RF) is installing 323 image-enabled DepositSmart ATMs SM in select markets in Alabama, Florida and Tennessee in 2010.
DepositSmart ATM SM imaging technology gives customers the freedom to make deposits 24 hours a day without envelopes or deposit slips. Customers simply follow the on-screen prompts to deposit checks and cash directly into the ATM, which reads the checks, counts the cash, and totals the transaction.
Regions began piloting the technology in several markets in 2009, one of which was Tuscaloosa, Ala. The bank will be the first to deploy the ATMs broadly in Alabama.
“Our customers have told us that they want more convenience and flexibility to manage their money and DepositSmart ATMs SM allow customers to make deposits quickly and easily during non-business hours,” explained John Owen, head of the Consumer Services Group for Regions Bank. “The response from customers in our pilot markets has been overwhelmingly positive; in fact, deposit volume at DepositSmart ATMs SM is triple that of traditional Envelope Deposit ATMs.”DepositSmart technology provides a number of benefits for customers:
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