Business Services Industry
NCR Strengthens Cooperation with Bank of China; Latest Order Delivers NCR's Intelligent Deposit ATM Functionality
Business Wire, Jan 27, 2006
BEIJING -- NCR Corporation (NYSE: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."
About NCR Corporation
NCR Corporation (NYSE:NCR) is a leading global technology company helping businesses build stronger relationships with their customers. NCR's Teradata(R) data warehouses and ATMs, retail systems and IT services provide Relationship Technology(TM) solutions that maximize the value of customer interactions and help organizations create a stronger competitive position. Based in Dayton, Ohio, NCR (www.ncr.com) employs approximately 28,200 people worldwide.
NCR and Teradata are trademarks or registered trademarks of NCR Corporation in the United States and other countries.
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