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New research shows NCR as worldwide leader in ATM deposit automation

03-23-2011 05:58 PM CET | IT, New Media & Software

Press release from: NCR Corporation

World’s leading maker of ATMs has installed the most intelligent deposit ATMs in Europe, MEA, and North America

DULUTH, Ga. – NCR Corporation leads the world in automated deposit ATM installations outside of Japan and South Korea, according to research from London-based Retail Banking Research (RBR). As a key area of focus for financial institutions globally, automated deposit is forecast to grow two times faster than the installed base rate of traditional ATMs, and NCR continues to invest in new technologies to improve the consumer experience, during deposit and all other interactions.

According to RBR, shipments of automated deposit terminals will expand faster than traditional ATM shipments. In 27 countries covered in RBR’s report, automated deposit ATMs now outnumber envelope-accepting ATMs. Overall, NCR held 27.3 percent of the global intelligent deposit installed base outside of Japan and South Korea at the end of 2009.

Based on data in RBR’s report (“Deposit Automation and Recycling 2010”), NCR has installed more intelligent deposit ATMs than any other manufacturer in key global regions, including Europe, North America, and Middle East/Africa. In the fast-growing Eastern European market, in particular, NCR has an installed base of intelligent deposit ATMs nearly four times as large as its nearest competitor.

NCR’s innovation around deposit automation with both bank note and checks is driving the company’s continued success and acclaim from customers and consumers. Launched in 2010, NCR Scalable Deposit Module (SDM) technology for NCR SelfServ ATMs allows consumers to deposit both cash and checks through a single deposit slot in a single transaction, cutting the deposit portion of transaction time in half. By significantly speeding the deposit process, NCR can help financial institutions deliver consumers a complete ATM deposit experience that takes less than 60 seconds, allowing financial institutions to increase transaction capacity, reduce the length of lines at the ATM, and improve customer satisfaction.

“All around the world, consumers are responding enthusiastically to self-service technology, and deposit automation is perhaps the most embraced form of self-service that we’ve seen from consumers,” said Michael O’Laughlin, senior vice president, NCR Financial Services. “Intelligent deposit creates a win-win scenario for financial institutions and consumers, as banks reduce operational costs and migrate transactions away from the teller to a more cost and time-efficient ATM. In the meantime, consumers and small businesses see reduced times to make their deposits. We are pleased that our financial institution customers have validated NCR’s end-to-end deposit automation solution by choosing us most often around the world.”

NCR is the only company able to deliver an in-house end-to-end check payment solution. The NCR APTRA™ ATM Passport solution offers a single, integrated and scalable platform that allows the banks to capture deposits from customers at the ATM. NCR can provide a capture solution embedded directly into ATMs to facilitate check deposits in a self-service environment.

About NCR Corporation

NCR Corporation (NYSE: NCR) is a global technology company leading how the world connects, interacts and transacts with business. NCR’s assisted- and self-service solutions and comprehensive support services address the needs of retail, financial, travel, healthcare, hospitality, entertainment, gaming and public sector organizations in more than 100 countries. NCR (www.ncr.com) is headquartered in Duluth, Georgia.

NCR is a trademark of NCR Corporation in the United States and other countries.

News Media Contact
Helen McInnes
NCR Corporation
206 Marylebone Road
London
NW1 6LY
+44(0)7748 761 041
helen.mcinnes@ncr.com

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