National Commercial Bank Jamaica (NCB) is set to add around 55 intelligent automated banking machines (iABMs) and 31 banking kiosks in 2014, under its Bank on the Go initiative launched in New Kingston recently.
The multifunctional iABMs not only allows customers to perform regular transactions such as balance inquiries, transfers funds, mobile phone top-up and bill payments, but also lodge and change cheques using the machine, reported The Gleaner.
The machine can also deposit cash by scanning the denominations on cash notes, thus relieving from the use of envelops. It takes in up to 30 notes for each transaction and does not allow coin deposits.
NCB retail banking senior general manager, Audrey Tugwell-Henry, told the website that with the new Bank on the Go facilities, the company has been able to improve the speed and efficiency of processing day-to-day transactions and also reduce the handling of cash and cheque deposits, credit card and bill payments as well as cash withdrawals and transfers at teller lines.
NCB has so far deployed the machines in five branches including the Mona campus of the University of the West Indies; Duke Street, downtown Kingston; and Oxford Place and Knutsford branches in New Kingston and Portmore, St Catherine.