NCR Corporation (NCR - Free Report) , the automated teller machine and point of sale (“POS”) solutions manufacturer, has agreed to partner with leading technology security provider McAfee to offer security solutions for retailers. NCR’s security offering, NCR System Integrity for Retail, takes care of the entire operation of a retailer, i.e., from point-of-sale to back-office operations.
NCR System Integrity will block unapproved POS software or systems thus reducing the number of malicious viruses or malware that could attack the payment system.
This is a unique combination of NCR and McAfee’s vast knowledge and expertise which will help companies to maximize their IT resources. Technical collaborations have become key for technology companies and NCR is no exception. We believe that this will help the company to tap a greater portion of the ATM market.
Apart from technical collaborations, NCR is also pursuing acquisitions for growth. A case in point would be the acquisition of Radiant Systems, which is now making a meaningful contribution to its sales. This apart, the company is also tightening its grip on the ATM and POS markets in Europe, with a special emphasis on Germany.
We remain highly positive about NCR’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, and we believe this technical collaboration with McAfee will make it a trusted player in the retail financial services space. Moreover, the company’s efficient offerings have been inspiring banks and a host of other financial institutions to choose its services.
Currently, NCR and its rival Diebold Inc. (DBD - Free Report) carry a Zacks #3 Rank (Hold).