Envelope-free automated teller machines have increased deposits more than JPMorgan Chase & Co. executives expected.

"We received a significant lift," Brad Nolan, JPMorgan Chase senior vice president of ATM and cash operations, said during the ATM Industry Association conference in Miami last week. JPMorgan Chase ATM deposits grew 75% in the first 12 months, following deployment of each intelligent-deposit ATM, he noted, though he would not disclose transaction numbers.

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