More companies are collaborating with
) to strengthen their technological base and enhance the end-user
experience. Recently, NCR agreed to provide retail technology and
services to Modell's Sporting Goods chain.
As per the terms of this agreement, Modell's is expected to
deploy around 1,000 of the industry-leading NCR RealPOS 82XRT
point-of-sale (POS) terminals. Moreover, NCR will give an add-on
facility to Modell's which includes services and support for the
implemented technology over a multi-year period.
Modell's selected NCR to support its strategy of
enhancing customer service experience. The latter will likely
boost customers experience by offering a fast check-out
experience coupled with many offers at the point of sale.
NCR's services will help Modell's capitalize on its
environment and improve customer experience. Modell's has
earmarked the second quarter of this fiscal year to deploy the
Real POS terminal.
NCR has been constantly inking new deals, which are expected
to help the company going forward. A couple of weeks back, NCR
agreed to provide support to
) to expand its mobile payment business, PayPal. As per the terms
of this agreement, the PayPal mobile service will be integrated
into NCR's POS technology, enabling customers to pay their bills
at restaurants using a smartphone.
Additionally, PayPal's mobile payment options will be
integrated into a couple other NCR products, including the
Convenience-Go (C-Go) app for gas stations and convenience
stores. This will allow shoppers to buy fuel and food, and pay
for car washes using their smartphones.
The company is making every effort to diversify its portfolio
and improve profitability. Although the restructuring initiatives
have begun impacting results and demand is picking up, we believe
that it will take some more time to have a meaningful impact on
We remain highly positive about NCR's broad exposure in the
ATM space although we recognize the competition from players like
) and Wincor Nixdorf.
Currently, NCR Corp. has a Zacks Rank #2 (Buy). Investors can
also consider other technology stocks such as
), which carries a Zacks Rank #1 (Strong Buy), and
), which has a Zacks Rank #2 (Buy).
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