Back to top

Analyst Blog

NCR Corp. (NCR - Analyst Report) will provide its SelfServ Automated Teller Machines (ATM) to a Penn.-based financial institution, Dollar Bank. The 157-year old Dollar Bank operates as a large independent regional bank with 65 branches across Pittsburgh and Cleveland metropolitan areas. Financial details of the deal were not divulged.

Dollar Bank will deploy NCR’s 60 Self-Serv ATMs across its branches, replacing old non-NCR ATMs. The self-service ATMs feature Scalable Deposit Module (SDM) technology, which allows simultaneous cash and check deposit in any orientation through a single slot, doubling the speed of ATM transactions.

Apart from this, the bank will install NCR’s Solidcore Suite for APTRA software within the ATM network. Solidcore Suite for APTRA is a part of NCR Corp.’s APTRA Software Security, which provides customers with comprehensive ATM security. The software safeguards against unauthorized code on ATMs and insider attacks. The security solution will not only provide real time threat protection from malicious software but also reduce servicing costs. APTRA provides an open solution based on Microsoft Corp.’s (MSFT - Analyst Report) Windows, enabling the financial institution to simultaneously offer self-service applications from different hosts and deliver these across hardware from multiple vendors.

Dollar Bank happens to be a relatively new customer for NCR. In Feb 2012, the bank deployed NCR’s APTRA interactive Teller to enable customers avail banking services even after office hours and during weekends. However, considering NCR’s years of contribution toward the financial services sector, Dollar Bank found it prudent to rely on its technology to better serve its customers.

We remain highly positive on NCR Corp.’s ATM footprint. According to a study published by Retail Banking Research, NCR has been the world's largest and leading supplier of multi-vendor ATM middleware and applications for 25 consecutive years. We believe that NCR Corp.’s commitment to protect the trust and integrity of the ATM channel has been inspiring banks and a host of other financial institutions to choose its services. Notably, bellwether banks such as Barclays Bank plc (BCS - Analyst Report), UniCredit Bank, a subsidiary of Capitol Federal Financial Inc. (CFFN - Snapshot Report) have upgraded their ATMs with advanced NCR banking solutions.

Currently, NCR Corp. has a Zacks Rank #2, (Buy).

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