SAN FRANCISCO Innoventry Corp., a two-year-old manufacturer of kiosks that let people without bank accounts cash their payroll checks, said it recently installed its 1,000th machine and aims to install 2,000 more by yearend.
Innoventrys RPM kiosks are deployed in high-traffic national retail stores such as Kroger, Albertsons, Circle K, Texaco, and Wal-Mart. Innoventry says it has enrolled more than one million customers and cashed more than $1 billion worth of checks.
When a consumer goes for the first transaction, an RPM kiosk takes a biometric reading of facial characteristics to set up a baseline identification. The machine photographs the users face on each visit, and verifies identity by comparing the most recent picture against an ongoing file of photographs stored by the company. After they are enrolled, consumers can use any RPM kiosk, and do not need an access card or personal identification number.
The machines feature two touch-screens, one of which can run custom advertisements in English and Spanish. Innoventry says it intends to add more services to the kiosks, including money orders, money transfers, and electronic bill payment.