Meanwhile, Back in the States

Machine manufacturers are racing to come up with new types of ATMs in the U.S. that can take advantage of Check 21.

Tranax Technologies Inc. and Financial Payments recently announced a new Check-Cashing Self-Service Terminal, which they say blends traditional ATM functions with self-service check-cashing technologies. The machine is now being beta tested and will be available this summer.

Consumers can use the machine to cash any type of check - not just government or payroll checks - or to open accounts, get a debit card or get real-time check verification and approval.

Copyright © 2005 Bankers' Hotline. Originally appeared in Bankers' Hotline, Vol. 15, No. 7, 7/05