The world's leading ATM manufacturer and service provider, NCR Corporation (NYSE: NCR), today unveiled a new, compact ATM with the power and reliability of a larger machine, making it perfect for supermarkets, office complexes, convenience stores or other non-bank branch locations.
NCR worked close with Cardtronics - the world's largest ATM owner/operator - to help shape the design and functionality of the NCR SelfServ 16 as the ideal off-premise ATM.
Cardtronics already has purchased a significant number of NCR SelfServ 16 ATMs for deployment in various locations around the world.
"Our financial institution partners look to our ATM network to deliver convenience and service to the consumers they serve. We were pleased to work closely with NCR to help them design an ATM that is ideal for the off-premise market - with a great look and feel and enough power to handle significant transaction volumes, but can be deployed profitably," said Mike Clinard, president of Global Services, Cardtronics.
At just 0.28 square-meters, the NCR SelfServ 16 is the smallest cash dispenser in the NCR SelfServ family. With components - such as security, cash cassettes, display and software - similar to larger NCR SelfServ models, the NCR SelfServ 16 performs at bank-grade levels, maximising uptime and reliability and handling mid-to-high transaction volumes with low power consumption.
Over the years, the deployment of off-premise ATMs has increased steadily. Financial institutions are looking to extend their brands' presence and provide service to their customers when and where they want to transact. Approximately half of all global ATMs are away from a bank branch, with 69 percent of UK ATMs found off-premise.
"Banks and credit unions are looking for cost-effective ways to extend their brand and meet their customer outside of the branch environment. The NCR SelfServ 16 is a perfect off-premise complement to a bank's ATM network," said Michael O'Laughlin, senior vice president, NCR Financial Services. "The NCR SelfServ 16 is designed to deliver profitable deployment in any business model. Whether a bank is looking to outsource its off-premise ATMs to ISOs or evaluate co-branding opportunities, the NCR SelfServ 16 is perfect for sites with transaction volumes with as few as 500 transactions per month."