The use of checks as a form of payment may have declined significantly from its peak, but there's still a long way to go before we can consign them to the history books. According to the Federal Reserve's 2016 Payments Study, there were some 17.3 billion check payments in the US in 2015, with a total value of $26.83 trillion.
The second iteration of the EU's Payment Services Directive (PSD2) is on the horizon. Due to come into full effect for all EU member states by January 2018, this is a major legislative change whose repercussions will be felt throughout the financial services industry.
NCR is helping to broaden the horizons of what is possible at the self-service channel with the SelfServ 80 family of ATMs. At the heart of this range is Media Handling 2.0, a selection of dispense, deposit and recycling modules that offer great potential for financial institutions to boost efficiency and reduce costs while enhancing the customer experience.