NCR Corporation (NCR - Free Report) has been awarded two more deals continuing the series of deal wins over the last couple of quarters. NCR has recently secured a deal from the Lake State Credit Union. Under the contract, NCR will provide its interactive video technology to help the latter establish a branch at a distance of 40 miles from its current location.
The new branch would be equipped with three NCR APTRA Interactive Teller ATMs and additional (non-video teller) NCR SelfServ ATMs. With the help of this technology, Lake State CU will be able to provide Commercial, Mortgage and Consumer services to that area.
APTRA Interactive Teller, with its ATM-based technology, not only lets people talk to a live remote-teller, but also allows them to remotely conduct transactions. This is a very useful technology which is helping institutions across the globe.
Apart from Lake State CU, a passenger airlines company -- Copa Airlines -- has also struck a deal with NCR to enhance its efficiency and become more customer-friendly. The deal will have a two-fold benefit on Copa. First, the NCR-developed free iPhone app made it easier for passengers to easily access Copa’s mobile site to check flight status, check in for flights and even download boarding passes.
Second, Copa will use the NCR APTRA eMarketing platform to email boarding passes to its passengers to make their travel hassle-free.
This technology is beneficial for travel companies and airlines as they help them to reduce human capital and strengthen their business model.
NCR is witnessing palpable growth across different geographical regions such as the Asia-Pacific and the Middle East and Africa region. However, there has been a dip in business activity in the European region. Therefore, to offset the effects of the economic slump, the company is making strategic moves to explore other markets and business segments. Moreover, it is facing stiff competition from Diebold Corp. (DBD - Free Report) .
Currently, NCR has a Zacks Rank #3 (Hold). Investors could also consider other technology stocks, such as Orbotech Ltd. (ORBK - Free Report) has a Zacks Rank #1 (Strong Buy) and Micron Technology (MU - Free Report) has a Zacks Rank #2 (Buy).