NCR Announces Multi-Year Managed Services Agreement with Punjab National Bank
NCR to deliver IT support services to Punjab National Bank’s network of ATMs
ATLANTA, November 28, 2018 – NCR Corporation (NYSE: NCR), a leader in banking and commerce solutions, today announced a new managed services agreement with Punjab National Bank (PNB), India’s third largest public sector bank. The three-year agreement establishes NCR as Punjab National Bank’s key services support provider for a significant part of its global network of over 3,600 ATMs.
PNB is India’s sixth largest bank in terms of ATMs deployed in the country with 100 million customers, including approximately 40 million debit card holders. It maintains more than 6,692 branches and has a presence in nine countries.
“We are impressed with NCR in terms of innovation, quality of service provided and its commitment to us and our customers to improve availability of our banking services, drive operational efficiency and deliver proactive service,” said a PNB official. “We are confident in NCR’s services approach and that the company will serve our needs well under this agreement.”
The new services agreement is another signal of NCR’s commitment to growing its services business in India and investing in and growing Digital Connected Services. Specific services provided to PNB include incident management, cash management, electronic journal pulling services, content management & software distribution services, site management & maintenance services and general housekeeping and upkeep services.
“The expectation of an always-on, omni-present business model is now a given, and financial institutions need to ensure that their banking services are available to their customers when they want,” said Bob Tramontano, VP, NCR Managed Services. “Our suite of managed services will help PNB to reduce the high costs of multiple service providers, scale support quickly and ultimately, decrease downtime through high-value managed services. We are committed to providing PNB excellent customer service and building on this tremendous relationship for years to come.”
About NCR Corporation
NCR Corporation (NYSE: NCR) is a leader in banking and commerce solutions, powering incredible experiences that make life easier. With its software, hardware, and portfolio of services, NCR enables 760 million transactions daily across financial, retail, hospitality, travel, telecom and technology industries. NCR is headquartered in Atlanta, Ga., with 34,000 employees and does business in 180 countries. NCR is a trademark of NCR Corporation in the United States and other countries.
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Media contact
Delitha Morrow Coles
NCR Corporation
+404 375 5762
delitha.morrowcoles@ncr.com
NCR Corporation (NYSE: NCR) is a leader in transforming, connecting, and running technology platforms for self-directed banking, stores, and restaurants. NCR is headquartered in Atlanta, Georgia, with 35,000 employees globally. NCR is a trademark of NCR Corporation in the United States and other countries.
NCR VOYIX Corporation (NYSE: VYX) is a leading global provider of digital commerce solutions for the retail, restaurant and digital banking industries. NCR VOYIX transforms retail stores, restaurant systems and digital banking experiences with comprehensive, platform-led SaaS and services capabilities. NCR VOYIX is headquartered in Atlanta, Georgia, with approximately 16,000 employees in 35 countries across the globe.
This release contains forward-looking statements. Forward-looking statements use words such as “expect,” “anticipate,” “outlook,” “intend,” “plan,” “confident,” “believe,” “will,” “should,” “would,” “potential,” “positioning,” “proposed,” “planned,” “objective,” “likely,” “could,” “may,” and words of similar meaning, as well as other words or expressions referencing future events, conditions or circumstances. Statements that describe or relate to NCR’s or NCR VOYIX’s plans, goals, intentions, strategies, financial outlook, NCR’s or NCR VOYIX’s expectations regarding the Spin-Off, NCR’s or NCR VOYIX’s intention to consummate the offering and issue the Notes or the intended use of proceeds from the offering of the Notes and enter into the new senior secured credit facilities, and statements that do not relate to historical or current fact, are examples of forward-looking statements. Forward-looking statements are based on our current beliefs, expectations and assumptions, which may not prove to be accurate, and involve a number of known and unknown risks and uncertainties, many of which are out of the NCR’s and NCR VOYIX’s control. Forward-looking statements are not guarantees of future performance, and there are a number of important factors that could cause actual outcomes and results to differ materially from the results contemplated by such forward-looking statements. Additional information concerning these and other factors can be found in NCR and NCR VOYIX’s filings with the U.S. Securities and Exchange Commission, including NCR’s most recent annual report on Form 10-K, most recent quarterly report on Form 10-Q and current reports on Form 8-K and NCR VOYIX’s registration statement on Form 10, most recent quarterly report on Form 10-Q and current reports on Form 8-K. Any forward-looking statement speaks only as of the date on which it is made. Neither NCR nor NCR VOYIX undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Michael Nelson
NCR Corporation
678-808-6995
michael.nelson@ncr.com
Scott Sykes
NCR Corporation
scott.sykes@ncr.com