Automation Avenue Episode 11 - Deposit Automation vs. Video ATM Technology In this podcast episode we talk about how to use deposit automation to make a greater impact and where video ATMs provide a strategic advantage.

Today’s financial institutions are constantly challenged to continually identify and adapt their growth strategy while increasing efficiency. With the wealth of technology that continues to appear in the market, there are questions about what type of ATM technology, deposit automation or video ATM, will support their strategy.

The island drive up ATM has become a very popular ATM model, especially here in the south where we live in a drive up world. This article is designed to illuminate the pros and cons of the Hyosung 7600i ATM. Hyosung has taken the market by storm with their engineering and market leading technologies and unique solutions. If this isn't a brand you a familiar with, you soon will be as they change the landscape for branches going forward. They also have provided thousands of units to Chase and Citibank over the last 5-10 years based on their ability to provide reliable units in a very short amount of time. So let's dig into this 7600i and see if it is a fit for your branch or remote location or not.

In today’s marketplace, an ever increasing number of financial institutions are seeing branch traffic trending down, placing more and more importance on alternative channels to reach their clients. Regulatory and compliance burdens along with earnings pressure are challenging institutions to reduce the cost of their infrastructure. One of the ways to address these issues is through the use of automation. Both deposit automaton and cash automation are tools many employ to overcome these hurdles. We consult with our clients every day about ATMs and the pros and cons of features available. Let’s take a look at the NCR Self Serv 38 Island Drive-Up ATM:

In today’s market, there is a high demand placed on technology products. When it comes to handling cash, financial institutions want to make sure they have the best knowledge possible in regards to ATMs. We aim to give our clients the best information on both the products we carry, as well as, those that we support.

As humans, many times we look at electronics as being invincible. For example, we have the six Million-Dollar Man, the Terminator and even your handy dandy iPhone. We also look at these electronics as being easily replaceable. When the latest phones, TVs, or gaming systems are released, most times the older devices rest in peace at an ever increasing pace. However, ATMs are not as easily replaceable in comparison to these consumer devices. Your ATM is a high-end item that is required to have a long life span with very little downtime. To get the long life span and needed uptime, it will need proper maintenance.