Alabama-headquartered Regions Financial has
installed 323 “DepositSmart ATMs,” offering customers the option to
make deposits 24 hours a day without envelopes or deposit
slips.
Customers follow on-screen prompts to deposit
cheques and cash directly into the ATM, which reads the cheque,
counts the cash, and totals the transaction.
Go deeper with GlobalData
The latest generation ATMs have been launched
at Regions’ branches in
Alabama, Florida and Tennessee; by the end of
the year, Regions will complete upgrading its existing ATMs to
DepositSmart ATMs in the three states.
“The response from customers in our pilot markets has been
overwhelmingly positive; in fact, deposit volume at DepositSmart
ATMs is triple that of traditional envelope deposit ATMs,” said
John Owen, head of the consumer services group for Regions.
In the three months to 31 March, Regions
reported a first quarter net loss of $196 million, compared with a
profit of $77 million in the corresponding period last year.
Net loan charge-offs remained relatively
stable at $700 million or an annualized 3.16 percent of average
loans.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
