Information Technology Company Management Control Systems (MC Systems) has introduced cash-notes accepting and recycling Automated Teller Machines (ATM) to the Caribbean.

MC Systems General Manager Dianne Smith-Sears said the first machine was installed at JN Financial Services, located at Catherine Hall, Montego Bay, in March; and another was recently installed at the Jamaica National Building Society’s Half-Way-Tree Branch in the Corporate Area.

MC Systems partners with global technology company Diebold Incorporated to market and sell ATMs and to provide support services in Jamaica and other islands in the Caribbean.

“These machines will significantly change the way the financial sector does business because the technology now allows the convenience of many more transactions occurring at ATM machine 24/7 without the limitation of visiting the bank branch within fixed hours,” Smith-Sears said. “In other words, banking will truly become 24/7 when you combine the use of internet banking with the technology now offered at ATMs.”

In addition to the convenience of being able to withdraw cash at any time, the user will experience the same ease in making cash lodgments to their accounts, she said.

“The machines will accept the notes directly (instead of notes in an envelope), and will count and request verification of the total lodgment. The account balance is immediately updated and the amount made available for their use. I should also add, that the ATM will recognize counterfeit notes,” said Smith-Sears.

She added that customers would benefit from not having to join long lines in the branch to make a simple lodgment and in time, the branch would be a different place, releasing personnel to spend more time with customers where transactions require a more personal interface.