HSBC chose to install Diebolds 3030 bulk cash deposit terminals to provide online and instant credit of cash deposits to HSBC merchants and personal account holders. HSBC has recently started to allow the deposited notes to be recycled through the automated teller machine (ATM) channel, thus improving cash handling and management efficiencies within the banks branch network. Diebolds 3030 bulk cash deposit terminal manages many different note types distributed by all United Kingdom issuing banks, including England, Scotland, Northern Ireland and the Channel Islands. Supporting deposits of up to 200 notes per transaction, the unit works by validating deposited cash, separating suspect from genuine notes and fit from unfit. Potentially fraudulent notes are held back for further investigation, while fit notes will be recycled through the ATM to be dispensed for cash withdrawals. This has a number of efficiency benefits: bank employees are freed from routine tasks such as counting and reconciling cash collected through a conventional teller position, allowing them to be more customer-facing. Diebolds 3030 bulk cash deposit machine uses proven reliable technology that was first introduced in Asia Pacific in 2002. The technology is widely accepted in that region, particularly in China with the most recent order from Chinas Bank of Communication.
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