) has recently won a five-year service agreement deal from
People's Bank of China (PBOC) Shanghai Automatic Clearing Center.
As per the terms of the deal, NCR would be providing on-site
technical support and maintenance services to Shanghai
Automatic's intra-city clearing systems, which ensures the timely
completion of 100,000 checks per day.
The center is already using five NCR E1700 imaging transports
for intra-city cheque clearing. This apart, the company is also
using two units of NCR iTRANImageTrac III color imaging
transports, which are used for check inward service for
commercial banks and multi-size voucher processing.
NCR has been providing support to Shanghai Automatic since
2005. As per the terms of the agreement, NCR will provide
technical support during the clearing hours. This apart, the
company will provide 24-hour hardware replacement support.
The company's products have positioned it better to win new
deals. NCR's products offer an array of benefits to end users and
customers. This helps companies improve customer experience and
facilitate their business process.
NCR is catering to companies across industries with its broad
range of products. The company's advanced POS solution, remotely
accessible teller machines, automated ticket vending machines and
restaurant operating machines have helped it attract more
customers and generate additional revenue over the last few
However, similar offerings from
) could create some pressure on NCR's market share.
Currently, NCR has a Zacks Rank #2 (Buy). Investors could also
consider other technology stocks such as
Faro Technologies Inc.
) both with a Zacks Rank #1 (Strong Buy).
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