PayPoint orders 400 EasyPoint ATMs from NCR

Source: NCR Corporation

NCR Corporation (NYSE:NCR) today announced it will supply PayPoint Plc with 400 EasyPoint automated teller machines (ATMs).

The deal is the first major win for NCR EasyPoint LLC, an NCR subsidiary formed by its recent acquisition of the ATM assets of Tidel Technologies, Inc.

This order includes 200 EasyPoint(TM) 53 and 200 Tidel EasyPoint 3300(TM) ATMs. PayPoint is a leading U.K. cash payment collection network with 2,000 ATMs throughout the United Kingdom.

The deal includes ATM installation services and a multimillion dollar second-line maintenance contract. This will maximize PayPoint's ATM availability and "future-proof" its ATM channel to meet emerging standards and technology changes.

"Since the beginning of 2004, we have installed an average of 50 ATMs each month," said PayPoint Retail Director Mike Igoe. "ATMs have been a popular addition to our retail technology portfolio, with our average PayPoint agent achieving 300 cash withdrawals a month, representing additional revenue for his business of GBP 3,600 (approximately $6,300) per annum."

Mike Hudson, general manager of NCR EasyPoint, LLC, said, "We are very excited to receive such positive support for our EasyPoint offers. NCR has been working with PayPoint for some time and now we can offer an even wider range of units that meet PayPoint's needs. As a major handler of cash payments, PayPoint can realize significant bank handling fee savings, as well as benefit from the fact that having an ATM in-store creates a 5 percent to 10 percent increase in customer traffic. ATM users, on average, also spend up to 25 percent more in-store. For these reasons and more, this is a win-win for PayPoint and NCR."

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