CIBC celebrates four decades of convenience with the machine that revolutionized the way Canadians bank
"We're proud to celebrate a true milestone in the evolution of Canadian banking. The CIBC Instant Teller helped revolutionize the industry, introducing clients to unprecedented access and a whole new channel," says
As part of a multi-year initiative to upgrade and replace its ABM network, CIBC's new generation of ABMs offer advanced privacy and security features and are faster, more energy-efficient and fully accessible, including audio and wheelchair height access. With more than 3,800 machines across the country, CIBC ABMs process on average 40 transactions per second during peak periods.
"While the convenience of the ABM has made it the most popular way for CIBC clients to bank with us, the majority of our clients are multi-channel users and also take full advantage of our extensive branch network and 24/7 banking online or by phone in any combination of ways," adds Kramer. "We know that our clients appreciate choice so we strive to provide an outstanding banking experience at every point of access."
To learn more about the evolution of the ABM as CIBC celebrates 40 years of convenience, please click here.
CIBC (CM: TSX;NYSE) is a leading North American financial institution with nearly 11 million personal banking and business clients. CIBC offers a full range of products and services through its comprehensive electronic banking network, branches and offices across
Editor's note: CIBC can provide a range of archival photos and more detailed historical information about the evolution of the ABM upon request.