NCR Corp. (NCR) has recently offered its self-service checkout solution to Tesco plc. Financial details of the deal were not divulged.
UK-based supermarket chain Tesco has incorporated NCR's SelfServ Checkout technology across its stores in Central and Eastern Europe. Its customers will now have the chance to scan, bag and pay for goods themselves in eight countries.
The move follows the huge success of self-service counters at Tesco stores in the U.K., Ireland, the US and South Korea. NCR SelfServ Checkout was introduced in the U.K. way back in 2002. The technology proved successful, making the shopping experience quicker and easier for customers. About 10 million Tesco shoppers now reportedly use the service, representing over a third of the retailer's store transactions.
New technology has a big role to play in making shopping more convenient. NCR’s SelfServ Checkout provides that convenience, attracting customers and inspiring loyalty.
In June, Copa Airlines opted for NCR’s self-service travel solution to help passengers save check-in time with the help of a mobile-optimized site. In March, the largest North American provider of intercity bus transportation, Greyhound Lines selected NCR Corp.’s new self-service kiosk ticketing solution that will enable passengers to book flights from the kiosk or get online delivery of the tickets.
NCR is a global technology company and its self-service solutions and comprehensive support services address the needs of retail, financial, travel, healthcare, hospitality, entertainment, gaming, public sector, telecom carrier and equipment organizations across the world.
We remain highly positive on NCR Corp.’s SelfServ Automated Teller Machines 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 24 consecutive years. We are also encouraged by the company’s association with leading banks such as Barclays Bank plc (BCS) and UniCredit Bank, which have upgraded their ATMs with advanced NCR banking solutions.
We are positive about the company’s market leadership, successful acquisitions, product introductions and continued customer wins. However, its restructuring initiatives have begun to weigh on results.
Currently, NCR Corp. has a Zacks #1 Rank, which translates into a short-term Strong Buy rating.
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