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NCR Corporation (NCR - Analyst Report) is expanding its relationship with the Angola-based PLANAD in an attempt to help its document business gain a foothold in the Middle East & Africa (MEA) region. PLANAD will install the “NCR Check Bureau” solution at its customers in MEA.

As check security is a highly sensitive area in the MEA region, NCR is making an effort to strengthen its grip on this market. Moreover, NCR’s solution is designed to allow the financial institutions to produce checks with different security features in house.

NCR Check Bureau is famous with different financial institutions in Bangladesh, Nepal and Mozambique. It is capable of printing MICR encoding on the security documents. The software also enables integrated barcode verification as well as MICR encoding.

This technology will help the financial institutions to improve customer satisfaction to a considerable extent. Right from increasing operational efficiency of the institutions to managing the check printing procedure, NCR has been instrumental in offering value added solutions to its clients.

Using this technology, banks can safeguard their customers’ interest and also exercise better control over check related transactions. This will help create an interactive environment for risk-free online or offline transactions, thereby cutting losses.

NCR is increasing its presence in regions such as the Asia-Pacific and the MEA. This has enabled the company to offset the economic slump in the European region. However, it is facing stiff competition from Diebold Corp. (DBD - Snapshot Report).

Currently, NCR holds a Zacks Rank #3 (Hold). Investors could also consider other technology stocks, such as Orbotech Ltd. (ORBK - Snapshot Report) and Micron Technology (MU - Analyst Report), having a Zacks Rank #2 (Buy).

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