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Article: BofA Nears Rollout Completion Of Envelope-Free Deposit ATMs.(ATM News)
- Article from:
- ATM & Debit News
- Article date:
- November 12, 2009
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Byline: Frederick H. Lowe
Bank of America Corp., which became the first national bank to deploy envelope-free ATMs two years ago to reduce operating expenses, improve customer service and increase deposits, has accomplished all three goals as the rollout nears completion, according to a company spokesperson and an industry analyst.
BofA is scheduled to complete the deployment of 13,800 of the so-called intelligent-deposit ATMs before the end of the year, says Anne Pace, a bank spokesperson. The ATMs enable consumers to deposit checks and cash without using a deposit envelope.
The financial institution is the nation's largest bank owner of ATMs. ...