NCR Launches Select Edition Small Footprint ATMs for Remote, Underserved Locations
New NCR ATMs feature familiar tablet-like interface and biometric identification designed to enhance consumer experience
MUMBAI, India, February 08, 2018 – NCR Corporation (NYSE: NCR), a global leader in omni-channel solutions, today unveiled its SelfServ™ Select Edition (SE) Cash and SE Recycle ATMs, that will help financial institutions (FIs) to expand their reach and serve the more than 19% unbanked population in India. This new, small-footprint ATM technology from NCR is designed to enable banks to offer access to cash in remote, previously underserved locations.
India remains overwhelmingly a cash economy with more than 50% of all retail transactions completed using cash – an estimated 18.5 billion will be withdrawn from ATMs in 2018 alone. That number is estimated to reach 26 billion by 2022*. Powered by NCR’s intuitive CxBanking software, that unlocks amazing consumer experiences across physical and digital banking channels, the Select Edition ATMs will enable FIs to easily connect consumers with cash while providing greater levels of security, improved uptime and ease-of-use. Additionally, the Biometric recognition feature ensures easy and secure consumer authentication in rural areas facing literacy challenges.
“Financial inclusion is emerging as a new paradigm of economic growth that plays a major role in driving away poverty from the country by reaching and serving the undeserved,” said Jose Resendiz, vice president & general manager, NCR Financial Services. “The new ATMs will allow financial institutions to modernize their ATM network, improve customer experience and extend their reach to serve areas where cash demand is strong.”
The addition of NCR SE Recycle ATMs, together with NCR OptiCash cash management and forecasting solution, will help Financial Institutions to improve ATM availability and optimize costs by reducing cash replenishment visits, as well as lower cash handling costs and reduce the amount of ‘idle’ cash. In addition, the new recycling ATM will enable consumers and small business to make accurate and secure real-time cash deposits.
About NCR Corporation
NCR Corporation (NYSE: NCR) is a leader in omni-channel solutions, turning everyday interactions with businesses into exceptional experiences. With its software, hardware, and portfolio of services, NCR enables nearly 700 million transactions daily across retail, financial, travel, hospitality, telecom and technology, and small business. NCR solutions run the everyday transactions that make your life easier. NCR is headquartered in Atlanta, Ga., with over 30,000 employees and does business in 180 countries. NCR is a trademark of NCR Corporation in the United States and other countries. NCR encourages investors to visit its website which is updated regularly with financial and other important information about NCR.
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News Media Contacts
Rakesh Aulaya
NCR Public Relations
+91 22 619 45 83
rakesh.aulaya@ncr.com
*According to Reail Banking Research – Global ATM Market and Forecasts to 2022.
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