NCR Corporation (NYSE:NCR) has been selected by SunTrust Banks, Inc. as its exclusive provider of automated teller machines (ATMs). Under terms of the agreement, NCR will upgrade existing ATMs and provide new ATMs for all new SunTrust branches. NCR will manage all maintenance and professional services through 2009 for all existing NCR ATMs and all future installations. Additionally, SunTrust will utilize NCR's APTRA Edge software and related support services for its ATM channel of more than 2,700 ATMs.
Andrew Orent, vice president of NCR's Financial Solutions Division, Americas region, said, "We are very pleased SunTrust has placed its confidence in NCR's technology and service delivery. We have enjoyed a solid business relationship for some time and this exclusive deal takes us both into a new level of cooperation and partnership."
Gene Kirby, executive vice president and head of the retail line of business for SunTrust, said, "SunTrust will not only benefit from NCR's current technology, but in the upcoming years we will serve as a testing partner for new developments within the channel. NCR's leading position in the ATM industry, not only as a solutions provider but also as a thought leader in developing tomorrow's technology, helps reinforce SunTrust's position as a bank that provides the best personal solutions for our customers. We are very happy to enter into this strategic relationship with NCR."