Diebold Launches ImageWay(TM) ATM Software, a Check-Imaging Solution for Financial Institutions

Wednesday 25 February 2004 08:16 CET | News

Diebold has launched ImageWay ATM software, an electronic check-imaging solution for automated teller machines (ATMs).

Available immediately, ImageWay, Xpedited by Alogent, is a truly open, end-to-end deposit automation solution available for the self-service delivery channel. ImageWay makes it possible for financial institutions to capture check images and transaction data at the ATM and seamlessly process and route them through the entire item processing system. By leveraging electronic check images and transaction data, ImageWay substantially reduces the cost and increases the speed of check processing, and paves the way for check truncation. With the addition of ImageWay, Diebold has further expanded its industry-leading range of self-service solutions. ImageWay ATM software can be used with Diebold Opteva advanced-function ATMs and the popular ix Series terminals. While the ATM is the preferred channel for withdrawals, consumers have been less eager to rely on ATMs for deposits. This is because envelope deposit transactions typically dont verify the contents of the envelope at the time of the transaction and cannot immediately provide the consumer with an acknowledgement of the deposit envelopes contents. With the capture and presentation of the check image and transaction data at the ATM via ImageWay software, consumer confidence is increased, leading to an increase in deposit transaction volume. Check imaging has been shown to greatly increase reliance on self-service terminals, and to further reduce the need for teller assistance. In fact, the addition of check handling allows the ATM to accommodate as much as 85 percent of all consumer-facing teller activities. Diebolds strategic relationship with Alogent was announced in November 2003. Alogent is a leading world-class provider of image workflow transition solutions for financial institutions. By integrating Alogents proven payment processing software technology with Diebolds unmatched self-service solutions, ImageWay ATM software provides financial institutions with a Check 21 solution that delivers an unparalleled level of value and performance.

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Categories: Payments & Commerce | Payments General
Countries: World
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