Back to top

Analyst Blog

Zacks Equity Research

NCR Wins Salin Bank Deal

NCR DBD

 ZacksTrade Now

This page is temporarily not available.  Please check later as it should be available shortly. If you have any questions, please email customer support at support@zacks.com or call 800-767-3771 ext.  9339.

NCR Corp.’s (NCR - Analyst Report) APTRA Interactive Teller will be used by Salin Bank for serving customers in extended banking hours and remote locations. Salin Bank will soon be deploying the banking technology solution. The teller machines will be located at the drive-through lanes, as well as inside the branches, diluting pressure during the rush hours. This Interactive Teller operates through two-way video conferencing and remote transaction processing technologies.

The video-based interactive technology will ultimately help customers to complete transactions, such as intelligent deposit, bill pay, new account openings and loan initiations through centrally-based tellers that have control of the teller machines.

The audio-video linkage lets customers complete 95% of their banking task that could have been conducted in a branch. Also, the teller services will be offered beyond the branches’ usual working hours as customers can use the service up to 7 p.m from Monday to Saturday.

The company is witnessing an improvement in business volume, as the regional banks are in the mood to upgrade their ATM’s. This apart, the company is also deriving some revenues from Radiant. Moreover, the company is also strengthening its grip in the German ATM and Point – of – Sale (POS) market.

We remain highly positive about NCR’s position in the ATM and Point – of – Sale solutions (POS) segments. Moreover, as per the data collected by RBR from different bankers and other deplorers, the firm has made a "Global ATM Market and Forecasts to 2013" which confirms NCR as the largest ATM manufacturer globally with an installed base market share of 30.1%. RBR is also of the opinion that NCR holds a leadership position in China and North American market, with an installed base market share of 32.0% and 26.4%, respectively.

Although this looks encouraging, but stiff competitions from Diebold Inc. (DBD - Snapshot Report) and Wincor Nixdorf concern us.

Currently, NCR has a Zacks #3 Rank, implying a short-term Hold rating.

Please login to Zacks.com or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research

Close

Are you a new Zacks Member or a visitor to Zacks.com?

Top Zacks Features

Learn more

Start for as little as $4.50 per trade.

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
LAKE SHORE G LSG 0.77 +6.05%
QUESTCOR PHA QCOR 80.07 +2.47%
VIPSHOP HOLD VIPS 156.35 +1.82%
ENLINK MIDST ENLC 36.29 +1.60%
BNC BANCORP BNCN 17.33 +1.58%