{"id":734,"date":"2007-04-10T01:22:49","date_gmt":"2007-04-10T01:22:49","guid":{"rendered":"https:\/\/www.docbug.com\/blog\/archives\/734"},"modified":"2007-04-10T01:22:49","modified_gmt":"2007-04-10T01:22:49","slug":"wells-fargo-pushing-the-envelope","status":"publish","type":"post","link":"https:\/\/www.docbug.com\/blog\/archives\/734","title":{"rendered":"Wells Fargo pushing the envelope"},"content":{"rendered":"

Wells Fargo is using optical scanning and OCR to improve how their customers deposit checks in ATMs. No more empty envelope drawers and out-of-ink pens; now you just put all your checks and cash in a stack and insert it into the slot. The ATM automatically scans each one in, does optical character recognition to tell how much each is for and puts up a verification screen. After you correct the amounts, the machine will either spit out a receipt with a summary line for each transaction or a printed image of each scanned check. From their press release<\/a>:<\/p>\n

\n

“With the new technology, you don’t need to spend time writing on an envelope or keying in a deposit amount. You just insert your money into a slot and the machine sorts, counts and verifies it,” said Jonathan Velline, head of Wells Fargo’s ATM Banking division. “Our Envelope-Free ATMs also converts paper checks into a digital image which then appears on the ATM screen and receipt, so you know your check was received. You can’t get this in the traditional envelope world.”<\/p>\n<\/blockquote>\n

I used one of their machines in Alameda recently and it was pretty slick, though I had to insert each of my three checks individually since it couldn’t handle my differently-sized and somewhat wallet-wrinkled stack.<\/p>\n","protected":false},"excerpt":{"rendered":"

Wells Fargo is using optical scanning and OCR to improve how their customers deposit checks in ATMs. No more empty envelope drawers and out-of-ink pens; now you just put all your checks and cash in a stack and insert it into the slot. The ATM automatically scans each one in, does optical character recognition to tell how much each is for and puts up a verification screen. After you correct the amounts, the machine will either spit out a receipt with a summary line for each transaction or a printed image of each scanned check. From their press release<\/a>:<\/p>\n

\n

“With the new technology, you don’t need to spend time writing on an envelope or keying in a deposit amount. You just insert your money into a slot and the machine sorts, counts and verifies it,” said Jonathan Velline, head of Wells Fargo’s ATM Banking division. “Our Envelope-Free ATMs also converts paper checks into a digital image which then appears on the ATM screen and receipt, so you know your check was received. You can’t get this in the traditional envelope world.”<\/p>\n<\/blockquote>\n

I used one of their machines in Alameda recently and it was pretty slick, though I had to insert each of my three checks individually since it couldn’t handle my differently-sized and somewhat wallet-wrinkled stack.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[5],"tags":[],"class_list":["post-734","post","type-post","status-publish","format-standard","hentry","category-media-technology"],"_links":{"self":[{"href":"https:\/\/www.docbug.com\/blog\/wp-json\/wp\/v2\/posts\/734","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.docbug.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.docbug.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.docbug.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.docbug.com\/blog\/wp-json\/wp\/v2\/comments?post=734"}],"version-history":[{"count":0,"href":"https:\/\/www.docbug.com\/blog\/wp-json\/wp\/v2\/posts\/734\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.docbug.com\/blog\/wp-json\/wp\/v2\/media?parent=734"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.docbug.com\/blog\/wp-json\/wp\/v2\/categories?post=734"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.docbug.com\/blog\/wp-json\/wp\/v2\/tags?post=734"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}