NCR Corp. (NCR - Free Report) will provide its latest SelfServ Automated Teller Machines (ATM) to a Kansas-based financial institution Capitol Federal Savings Bank. Financial details of the deal were not divulged.
The bank operates under the holding company Capitol Federal Financial Inc. (CFFN - Free Report) , which offers banking services in Kansas through 45 branch offices. Products include savings accounts, money market accounts, checking accounts, consumer loans, construction loans, home equity loans and automobile loans.
The Capitol Federal Savings Bank will deploy 69 ATMs across its branches. The self-serv 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.
With the installation of the ATMs by early 2013, the bank is confident of providing ultimate customer experience by reducing waiting time.
Earlier this year, North Texas-based financial institution LegacyTexas Bank and South Africa Absa Group Limited upgraded their ATM experiences. NCR also shares close association with leading banks, such as Barclays Bank plc (BCS - Free Report) and UniCredit Bank, which have upgraded their ATMs with advanced NCR banking solutions.
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 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.
Currently, NCR Corp. has a Zacks Rank #3, (Hold). NCR’s arch-rival in ATM market, Diebold Inc. (DBD - Free Report) has a Zacks Rank #5, (Strong Sell).