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Building The Model T Many Firms Offering ATM Check Imaging; ATM Interface Still Leading Back Office

Slowly and surely the ATM industry in the U.S. is building the infrastructure and developing the technology it will need to completely handle and clear paper checks electronically, in the hope that eventually financial institutions and consumers will want to use it.

By David Morrison | Updated on November 28, 2006

ARLINGTON, Va. — Slowly and surely the ATM industry in the U.S. is building the infrastructure and developing the technology it will need to completely handle and clear paper checks electronically, in the hope that eventually financial institutions and consumers will want to use it.

“Last year the big news was the roll out of the check imaging ATMs that could take a member’s check and print the image on the receipt,” said Jim Hanisch, an executive vice president with CO-OP Financial Services, a cooperative that has taken a leading role in the check imaging development. “Now we are starting to see credit unions and banks deploy those machines and consumers start using them and we need to finish up the network side.”

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