Quorum FCU Selects Source Technologies Financial Self-Service Kiosks
-Proprietary embedded kiosk monitor features extensive connectivity,consolidated power usage, and plug-and-play design -
CHARLOTTE, N.C.,June 15, 2006- Source Technologies, a leading provider of integrated solutions for managing financial transactions and other secure business processes, was selected by Quorum Federal Credit Union in Purchase, N.Y. to provide new self-service banking kiosks. Source Technologies’ financial self-service kiosks were chosen based on the superior standard design, which improves operating costs, lowers maintenance requirements and eliminates the need for in-house staff to manage the kiosks.
“We were looking for a kiosk provider that would offer us more functionality and choices in servicing and replenishing our machines,” said Bruno Sementilli, president and CEO of Quorum Federal Credit Union. “Our previous machines were highly customized and required that we hire our own support staff to maintain them. With Source Technologies’ solution, we have more servicing options and can use local armored services for cash management, which saves significantly in operating costs.”
Quorum FCU began offering self-service kiosks in remote locations in 2000 and has enjoyed significant operational cost savings, service improvements and member adoption rates. The new kiosks from Source Technologies can handle 80-to-90 percent of all teller transactions. Typically, a single kiosk will handle 3,500 to 4,000 transactions per month and offers services including check deposits, withdrawals, cashier check issuance and loan application processing. By implementing the standard design from Source Technologies, Quorum FCU is able to not only expand the functionality of the kiosks, but also extend their reach to their customers.
About Source TechnologiesFounded in 1986, Charlotte, N.C.-based Source Technologies is a leading provider of integrated solutions for managing financial transactions and other secure business processes. In addition to the concourse™family of self-service kiosks, Source Technologies offers secure disbursement software solutions and magnetic ink character recognition (MICR) printing solutions and consumables for secure document applications.Customers include nine of the top ten U.S. Banks, plus hundreds of Fortune 1000 and mid-sized companies. Source Technologies has created more than $400 million in economic value for its customers in the last ten years. For more information, visit www.sourcetech.com.