The most coveted name in the area of Automated Teller Machine (ATM) manufacturing, NCR Corp. (NCR) has made banking transactions easier, once again. This time, the technology solutions provider has introduced Total ATM Services targeting the mid-sized and community banks and credit unions.
The ATM services will ensure improved availability of services and security of transactions as well as reduce the operating costs of the overall system. The total services include Incident Management, which provides overall ATM monitoring; Predictive Services, which anticipate issues beforehand and proactively fix errors to maximize uptime; and the End-Point Security Services suite, which ensures enhanced protection against all known and unknown malware by preventing unauthorized code updates and execution.
NCR has brought all the necessary functions within a single system at a pocket-worthy value, keeping in mind the limited resources of mid-sized banks or financial institutions. The ATM services, which are mostly found in large banks, will now be deployed by the mid-sized banks and credit unions/financial institutions to make their services better.
In another similar development back in February, NCR Corp. had introduced SelfServ 16 Automated Teller Machine that also allows the ATM experience off premise.
Over the years, the deployment of off-premise ATMs has increased steadily. Financial institutions are looking to extend their brands' presence and serve customers whenever and wherever they want to transact. Approximately half of all ATMs the world over are away from a bank. As much as 69% of ATMs in the U.K. are off-premise.
We remain highly positive on NCR Corp.’s ATM footprint. We remain 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 banking solutions from NCR Corp. 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.
NCR posted decent second quarter results based on strong geographic performance with notable strength in the BICMEA (Brazil, India, China, Middle East and Africa) region. We believe that the growing exposure to Brazil, MEA and China will pump up revenues significantly.
We are also encouraged by the fiscal year guidance, and believe that the company is well positioned to deliver solid momentum across all its businesses.
Currently, NCR Corp. has a Zacks #2 Rank, which translates into a short-term Buy rating.
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