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Raiffeisenbank: Service of online collection by means of the automatic deposit machines (ADM)

Product
Developers: Raiffeisen Bank
Last Release Date: 2020/07/30
Branches: Financial services, investments and audit
Technology: Accounting systems

The service of online collection by means of the automatic deposit machines (ADM) is provided to corporate clients of Raiffeisenbank.

2020: Description of service

According to information for July, 2020, within online collection service the automatic deposit machine (ADM) is installed in the company and performs automatic acceptance, recalculation, authentication of money. Depositing funds in ADM is performed according to identification codes which are made out to the staff of the company through a system Raiffeisen Business Online bank client. At introduction of means money is credited to a checking account of the client online that allows to use them in the current operating activities at once and to avoid cash gaps. Besides, the ADM installation reduces time of employees for recalculation of money and document creation for collection: after entering of money into ADM responsibility for their safety is born by bank which independently monitors a situation and makes the decision on terms of carrying out collection. The safety of means is ensured by the necessary security level of ADM: money is stored in the safe of the first class, the machine is fastened to a floor on anchor bolts that excludes unauthorized access to cash.