NCR inks new China bank deals
26 July 2006 | 1279 views | 0
NCR Corporation (NYSE:NCR) announced today that it has received large automated teller machines (ATM) purchase orders from China Construction Bank and Bank of Communications.
Both transactions include second-line ATM maintenance-services contracts.
China Construction Bank purchased more than 1,000 units, including Personas M series 86 and Personas M series 87 through-the-wall cash dispense machines; NCR Personas 77 for in-lobby cash dispense; Personas M Series 74 Intelligent Deposit solution with recycling capability, and the NCR EasyPoint 62, specially designed for retail and convenient locations. The Bank of Communications order includes NCR Personas 77 and Personas M Series 87 ATMs.
The new ATMs will soon be fully deployed nationwide at China Construction Bank and Bank of Communication branches in line with both banks' rapid self-service channel expansion. NCR's solutions will enable the banks to deliver the appropriate transaction volumes in a wide variety of locations, helping to increase service levels and ATM availability to their growing customer base.
The NCR Personas M Series ATMs will also allow the banks to easily introduce and enhance new services through software or through the upgradeable hardware platform. Specifically, the NCR Personas M Series 74 ATM intelligent deposit solution, capable of recycling cash, provides reduced cash handling from a secure, compact footprint for locations where space is at a premium. Designed to optimize the migration of high-volume, low commercial-value transactions from tellers to self-service channels, the Personas M Series 74 will help to improve branch efficiency and increase customer satisfaction.
All NCR ATMs offer a high security and standards compliance. This includes countermeasures to ATM fraud, support for EMV, Triple DES and Remote Key Management and other enhanced security technology options.
"Both China Construction Bank and Bank of Communications are NCR's close, long-term partners that recognized NCR's ATM technology innovation and its security thought leadership," said Chris Yao, vice president of NCR's Financial Solutions Division in North Asia. "We have built up common trust and efforts in capturing business opportunities, defining product positioning and developing solutions with high price performance. Through our seamless partnership in equipping banks, from ATM solution offerings to services support, our overall expertise in creating an effective and trusted self-service environment with rich ATM features and holistic security approach help NCR customers achieve the biggest return on investment."
Both China Construction Bank and Bank of Communications are pleased with the advanced features of NCR ATM solutions, and have indicated they will continue to purchase more solutions from NCR within the year.