9 Transactions Available with the Self-Service Kiosk

Author: Source Technologies

As new technologies enter financial institutions, self-service kiosks offer the convenience that consumers seek in the branch.

Source Technologies offers the Personal Teller Machine, a self-service kiosk that allows users to conduct 90% of transactions traditionally handled by a teller. 

What Is a Self-Service Kiosk?

Source Tech Personal Teller Machine

A self-service kiosk is a small, stand-alone booth typically placed in high-traffic areas for business and marketing purposes. There are a variety of different types of kiosks that can offer different industries convenience and marketing benefits. Depending on the type of kiosk, they can be found within shopping malls, financial institutions, busy streets, or even the DMV.

Self-service kiosks help to increase user experience by digitizing or automating normal in-person or manual services. The consumer then has the power to execute these tasks on their own without waiting in line or for a regular employee.

 

9 Available Self-Service Kiosk Transactions

Pioneering new innovative self-service kiosk solutions, Source Technologies designed the Personal Teller Machine as the only solution in the market that includes self-service check issuance and on-demand printing capabilities.

Learn more about the nine different transactions available through our self-service kiosk solution below.

Withdraw Cash in Any Denomination

Enable consumers to withdraw cash in the denomination of their choice, offering flexibility and convenience and providing a superior banking experience.

Deposit Cash and Checks

Enhance operational efficiency for your financial institution by incorporating self-service kiosks, offering consumers a seamless way to deposit both cash and checks with speed and accuracy.

Get Cash Back

The ability of self-service kiosks to offer cash back during transactions eliminates the need for additional trips to the ATM or bank, fosters convenience, and reinforces your commitment to a consumer-centric approach.

Account Transfers

Optimize financial management for consumers by integrating a secure self-service kiosk that facilitates effortless account transfers, ensuring a superior level of service.

Access and Print Statements

Self-service kiosks provide consumers with immediate access to their financial data, allowing them to conveniently print statements and stay well-informed about their accounts.

Check Account Balances

Cater to the need for real-time financial insights by offering consumers the ability to check their account balances instantly.

Stop Payment

Bolster security and control for consumers by enabling them to initiate stop payments promptly through a self-service kiosk, demonstrating your commitment to safeguarding their financial interests.

Issue Official Checks

With a self-service kiosk, consumers can experience the convenience of on-the-spot official check issuance, offering a quick and secure solution for their financial transactions and obligations.

Bill Payment

Self-service kiosks simplify bill payment processes, further positioning your financial institution as a leader in providing efficient and consumer-centric financial services.

Key Benefits of 9 Self-Service Kiosk Transaction Types

Source Technologies' Personal Teller Machine revolutionizes routine transactions by empowering consumers to conduct their own transactions, merging digital experiences with consumer needs. With nine transaction types, consumers can customize their experience without the need for a teller, promoting convenience and efficiency.

Consumers can even pre-stage transactions by making online or mobile requests, then seamlessly complete them at your branch using the Personal Teller Machine. This self-service kiosk automates routine transactions, such as account transfers and balance checks, freeing your staff for sales and service-focused tasks.

Accepting cash, checks, debit, credit, and NFC, the Personal Teller Machine goes beyond, enabling the issuance of cashier’s checks, money orders, starter checks, counter checks, and deposit slips — all in one advanced and user-friendly platform.

Self-Service Kiosks and On-Demand Printing

As mentioned above, our Personal Teller Machine self-service kiosk is the only solution in the market that includes self-service check issuance and on-demand printing capabilities for money orders, cashier’s checks, counter checks, temporary checks, and starter checks.

The Personal Teller Machine is connected to a secure magnetic ink character recognition (MICR) check printer, located behind the teller line or in another secure area, and is pre-loaded with blank check stock. This makes it easy for consumers to issue their own official check transactions while still allowing financial institutions to charge the check printing fee.

On-demand printing can decrease the amount of time it takes to issue official checks or money orders by 75%, as well as eliminate human error by using an automated process. It allows consumers to have the power to confirm accuracy while reducing production times for tellers and banks.

Transform Your Branch With Source Technologies’ Self-Service Kiosk

Beyond what’s convenient transactionally for your consumers, Source Technologies’ self-service kiosk, the Personal Teller Machine, was engineered with retail bank branch convenience in mind. Integrating directly with a financial institution’s core systems, as opposed to the ATM network, our self-service kiosk solution saves costs while reducing staff overhead.

Interested in learning more about how the Personal Teller Machine self-service kiosk can work for your financial institution? Contact Source Technologies today.