November 11 , 2014

Bank of Montreal to revamp ATM network with NCR kit

Toronto, ON--BMO Bank of Montreal will enhance its network of 2,200 full-service ATMs, providing customers with intelligent-deposit touch screens, enabling multi-deposit transactions, and allowing scanned cheques and cash (bank notes) to be viewed on screen and printed on transaction receipts.

The technology initiative with NCR, a consumer transaction technologies provider, is built on the NCR Cx banking software platform and includes:

• SDM (Scalable Deposit Module) technology that will allow customers to deposit five bank notes and two cheques in fewer than 60 seconds

• Single slot deposits that will accept both cash and cheques simultaneously

• Storage capacity of 2,000 bank notes and 1,600 cheques

• Dynamic Deskew, a feature allowing cheques and bank notes to be straightened when inserted, meaning a smooth transaction into the machine

• High quality image processing, allowing scanned cheques and bank notes to be viewed on screen and printed on the transaction receipt

"Our ATM network ranks among the most popular method of daily banking for our customers," says Steven Nowaczyk, head of North American ATM Channel, BMO Financial Group. "These new ATMs will give our customers enhanced convenience, security and performance, making the process intuitive, faster and more dependable."

"NCR technology is the industry standard for making banking faster, more convenient and personal. It also keeps backend systems running at their peak performance, which is essential to a consistent customer experience," says Scott Hackl, vice-president, NCR Financial Services.

The new ATMs will begin to be installed in locations across Ontario in Summer 2015.