NCR Wins Biggest ATM Deal

NCR Corp. (NCR - Analyst Report) has secured the biggest order of automated teller machines (ATMs) in India. The State Bank of India (SBI) has entered into an agreement to purchase around 3,800 ATM machines from NCR. The leading bank of India also signed a seven year service contract with the company.
 
The bank is already using 10,000 NCR ATMs and this repeat order reinforces the fact that SBI is satisfied with the quality and service of NCR. Under this new agreement, NCR will be instrumental in ATM deployment, site implementation service, maintenance and site implementation service. NCR will be supplying the DVSS (Digital Video Surveillance Systems) along with the ATMs to prevent fraudulent activities. The financial terms of the deal is not yet disclosed by the company.
 
This apart, the company is rolling out new products at regular intervals and resolving operational issues of its customers around the world. Recently, NCR launched advanced point-of-sale solution for its customers. Again a few weeks back, NCR Advanced Store point-of-sale (POS) solution, version 5.4 achieved the “Payment Application Data Security Standard” (PA-DSS) version 1.2. of the “Payment Card Industry Security Standards Council” (PCI SSC). The (PA-DSS) standards have been deployed to protect credit card information of consumers against security threats. 

NCR also revealed that the company has signed a deal with U.S. Airways, whereby the later will deploy NCR TouchPort 80, a self-service kiosk that supports passenger check-in at outdoor locations. Although the company continues to roll out different products and services, but it is a pioneer in manufacturing ATMs.
 
Apart from SBI, the other big Indian customer of NCR ATM is HDFC Bank (HDB - Analyst Report), which is also using large number of ATM machines from the company. This contract win proves that, NCR continues to maintain its leadership position in the Indian as well as global ATM market. Although the banking and financial services sector across the globe is going through doldrums and restricts their spending, we believe with gradual economic revival this segment will generate substantial revenues and win new customers for the company.