Source: ATM Marketplace
Jun 26, 2013 - While it’s normal to see cash-out/cash-in ATMs in branches, cashier’s cheque machines remain a rare sight. But Rototype International recently unveiled a new offering — the CJD 8000 Cashier’s Cheque machine.
The self-service unit was introduced concurrently with the company’s new CJD 8000 Cashless ATM at a formal unveiling in New York City. A Rototype news release said that the machine was designed to help bank branches reduce costs by automating low-value transactions.
The Rototype solution incorporates a multi-access approach; customers can purchase their cashier’s check via mobile device, Internet or at the ATM, using web-enabled software by Rototype.
Upon completion of the cheque purchase, a QR code is sent to the purchaser’s mobile device. The customer collects the cashier’s check by scanning the code at the machine.
“Our unique security feature ensures all check content(s) are printed on-demand, including security control elements such as MICR code and encrypted digital signature that are issued by the bank’s host computers in real time,” Rototype America CEO Harres Tan.
Upon receiving a check, the payee can verify its authenticity, by using the Rototype mobile app to decode the check’s printed digital signature.
A bank’s processing center can also simply verification of the cheques by integrating Rototype decryption routines into their cheque verification system software.
The CJD 8000 Cashier’s Cheque machine is certified EMV Level 2 and ADA compliant, and is ready for immediate deployment in the U.S.