NCR takes stake in e-commerce cash machine company

NCR takes stake in e-commerce cash machine company

NCR has taken an equity stake in iATMglobal, a San Francisco-based company which provides a software-driven network for turning cash machines into Internet terminals.

iATMglobal's products are designed to deliver to ATM users a wide variety of e-commerce transactions now available on the Web, such as movie, event or travel ticketing, pre-paid long distance or cellular service, Internet banking services or Internet product purchases.

Pat Cronin, senior vice president of NCR's Financial Solutions division says the iATMglobal solution fits tightly with the NCR strategy of enabling all ATMs with e-commerce capabilities. "iATMglobal gives ATM owners an easy way of activating e-commerce transactions on ATMs," says Cronin.

The two companies are planning a joint launch later this year at retail locations currently using NCR's MCD ATMs.

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