Emergic: Rajesh Jain's Blog

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Super ATM

April 4th, 2006 · 2 Comments

The New York Times writes:

Convenience stores, best known to weary motorists as sources for drinks and snack chips, are starting to gain a reputation as good places to pay bills, cash checks, send money and buy cellphone minutes. Automated teller machines have long been a staple in these stores, but now several major chains are installing kiosks that are able to do a lot more.

Way ahead of the curve is 7-Eleven, which is introducing its second wave of custom-made terminals called Vcom’s this year. Often referred to as A.T.M.’s on steroids, the more than 1,000 Vcom’s dispense cash, sell Verizon services, handle bill payments and let customers send money to other people. They can also cash checks to the penny, simultaneously snapping front-and-back digital images of the checks and dispensing a receipt with the images on it.

Tags: Emerging Technologies

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