Innovative mobile technology from
) will be deployed by Spinx Company to make shopping easier for
convenience store shoppers. As a result, both fueling and
shopping at the Spinx chain of convenience stores is expected to
This shopping app allows shoppers to select the amount of gas
they want to refill and pay for it through their smartphone.
Moreover, this will take care of Spinx's brand image, while
matching its colors and guidelines.
In addition to this, NCR has won a deal from the U.K.-based
"Nationwide Building Society" which has responded to the demand
for more secure banking services, by deploying the NCR Skimming
This is expected to help lower the losses from card skimming,
which is one of the major challenges in the U.K. retail banking
sector. The losses in the U.K. alone from skimming increased
13.0% to a level of £265 million in 2012.
Using this technology, banks can safeguard the interest of the
customers and will also have full control over credit card
transactions, creating an interactive environment where customers
can perform risk free online or offline transactions and thereby,
Although NCR already holds a leadership position in the ATM
and POS market,
) offers tough competition. Apart from this, NCR is making
considerable efforts to spread its wings in the Asian and other
African markets. The Asia-Pacific region, the Middle East and
Africa are the areas where the company is witnessing strong
NCR is continues to score wins in the ATM and self-service
kiosk segments, making the most of the growth potential in these
markets. It is also diversifying into other markets. Though stiff
competition in ATM space, European exposure and high debt burden
are concerns, we are optimistic on the stock given continuous
product launches and synergies from acquisitions.
NCR Corp. has a Zacks Rank #2 (Buy). Other stocks in the
technology industry that are currently performing well and have
good visibility include
Concurrent Computer Corp.
), having a Zacks Rank #2 (Buy) and
Advent Software Inc.
), having a Zacks Rank #1 (Strong Buy).
ADVENT SOFTWARE (ADVS): Free Stock Analysis
CONCURRENT NEW (CCUR): Free Stock Analysis
DIEBOLD INC (DBD): Free Stock Analysis Report
NCR CORP-NEW (NCR): Free Stock Analysis
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