This new system is probably one of the best known of recent innovations at the ATM. Rather than having to fish for a pen and an envelope, at some banks, you can now stick a check or a stack of bills straight into the machine.
According to ATM Marketplace, top executives for Diebold, a manufacturer of ATMs, credited the company's significant increase in orders in 2010 to the demand for intelligent deposit systems.
While a major advertising campaign by Bank of America has introduced the idea to the public, it appears that the campaigns really sold other banks on the idea. Diebold saw significant orders for the intelligent deposit systems from regional banks as well as major banks. According to ATM Marketplace, Diebold reported net revenue of $46.1 million in the third quarter of 2010. The company saw a $7 million loss during the same period the year before.