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Diebold rolls out beefed-up deposit automation

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ORLANDO, Fla. (11/25/08)--ATM manufacturer Diebold announced an automated deposit option with rapid processing designed to expedite bulky note and check deposits at any time to improve security and convenience at ATMs. Rapid processing is executed in one transaction that features the simultaneous operation of two modules at the ATM. One module facilitates single or bulk note deposits and the other enables single or bulk check deposits. Diebold can accept stacks of mixed-denomination currency without an envelope or deposit slip. The module verifies and itemizes the deposit note-by-note, which allows for instant credit. Diebold’s Intelligent Depository Module also accepts a single check or stacks of checks up to 30. The check images are captured and displayed on the ATM screen for verification. “Rapid processing is one more tool to help financial institutions better serve customers through improved availability,” said Charles E. Ducey, Diebold senior vice president of global development and services. “And because both notes and checks can be immediately inserted, it provides another layer of security at the ATM and reduces wait time.”

Products and Services briefs (11/24/2008)

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* PORTLAND, Ore. (11/25/08)--CU Business Group (CUBG) recently added its first credit union in Michigan, which extends the credit union service organization’s reach to 35 states. CUBG reported a record-breaking second quarter and 34 new member credit unions this year. Its underwriters also reviewed $450 million in business loans, a $190 million increase compared with the previous year. CUBG provides business lending, deposit and consulting to credit unions ... * ORLANDO, Fla. (11/25/08)--Digital Dialogue, a PSCU Financial Service company and provider of call center operations and software solutions to credit unions, added 137 new staff members in the past three months and plans to hire 120 employees over the next year. It also signed 24 credit unions with average assets of $672.4 million since January, with 960,000 members serviced ... * SAN DIMAS, Calif., and ST. PETERSBURG, Fla. (11/25/08)--Financial Service Centers Cooperative (FSCC) and PSCU Financial Services announced they will host a free webinar for credit unions on mobile banking services. The webinar is scheduled for Dec. 10 at 1:30 p.m. EST. During the webinar, PSCU mobile financial services manager Doug Lokrantz will discuss PSCU’s mobile banking service. Mobile banking use has grown dramatically, with more than 85% of the population owning a cell phone and more than 47 million banking online, according to research FSCC and PSCU cited ... * CLEARWATER, Fla. (11/25/08)--Card Services for Credit Unions (CSCU) announced it has appointed Henry Wirz, president/CEO of the $1.311 billion asset SAFE CU based in North Highlands, Calif., to its board of directors. Wirz has been with the credit union for nearly 30 years and has served as president/CEO since 1984. He also has served as chairman of the Credit Union National Association's Due Diligence Task Force Committee; as former chairman/treasurer and board member of CO-OP Financial Services; and as past member of the board of directors of the Filene Research Institute. He also is a past recipient of the Distinguished Service Award from the California Credit Union League ... * SAN DIEGO (11/25/08)--CUSO Financial Services (CFS), a broker dealer and registered investment adviser to credit unions, announced that Sandra deChastain has been hired as program manager for the Western region. She will assist credit unions in developing and growing their investments programs, oversee the performance of CFS-registered representatives and will help start-up investment programs get off the ground. Initially she will work with four programs, including USC CU, Los Angeles; Priority One CU, South Pasadena, Calif.; L.A. Financial CU, Pasadena, Calif.; and Credit Union of Southern California, Whittier, Calif. ...