NCR Corporation (NCR) today announced its latest deal with Bank of China to install NCR's new Personas M Series 76 automated teller machines (ATMs) with Intelligent Deposit capability.
The order also includes a maintenance services agreement to maximize performance and availability of Bank of China's ATM channel.
The deal not only represents the long-term relationship between NCR and Bank of China, but also reflects the immense market potential for automated cash deposit terminals in China. According to research conducted by Retail Banking Research, China may offer the world's largest market for automated deposit terminals.
Keith Taylor, senior vice president of NCR's Financial Solutions Division, said, "Bank of China is a long-term customer of NCR. We are excited to see the Bank move forward in its deposit automation strategy by further migrating deposit transactions from the teller counter to the self-service channel. This order opens a new horizon for our close working relationship with Bank of China and deepens both parties' cooperation in enriching the bank's ATM features, while expanding its self-service channel functionality."