) announced that payment processing company
) will be using its APTRA Edge software. Financial details of the
deal were not divulged.
Ohio-based Vantiv has been in the business of payment processing
for over 41 years. The company serves merchants (retail,
restaurant, healthcare, supermarket, drug store) and financial
institutions across the U.S. and processes more than 12.9 billion
payment transactions and approximately $426 billion in volume
annually. Currently, Vantiv supports more than 400,000 merchant
locations and more than 12,000 automated teller machines (ATMs) in
46 states and 8 countries.
Vantiv, which has been using NCR's APTRA Edge software for years,
will now use it to support ATMs, which use multivendor software.
The reason behind this is that APTRA Edge offers utmost flexibility
regardless of the ATM manufacturer or switching provider. APTRA
provides an open solution based on
) Windows, enabling the financial institution to simultaneously
offer self-service applications from different hosts and deliver
these across hardware from multiple vendors.
Multivendor software enhances the efficiency of an ATM network and
allows a financial institution to leverage its network for a
competitive advantage. Multivendor software reduces costs,
increases network efficiency and security at an ATM and thereby
reduces supervision as well as maintenance costs. The benefits of
such software are prompting financial institutions to move to a
flexible multivendor environment.
With APTRA, Vantiv will be able to connect itself to non-NCR ATMs
and grow its exposure in the financial services sector. This would
also create an opportunity for NCR software solutions, which could
attract more companies like Vantiv.
We remain highly positive about NCR's broad exposure in the ATM
space. 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 25 consecutive years, amid stiff
) and Wincor Nixdorf.
Currently, NCR has a Zacks #4 Rank (short-term Hold rating),
reflecting the impact of the charge under the Foreign Corrupt
DIEBOLD INC (DBD): Free Stock Analysis Report
MICROSOFT CORP (MSFT): Free Stock Analysis
NCR CORP-NEW (NCR): Free Stock Analysis Report
VANTIV INC-A (VNTV): Free Stock Analysis Report
To read this article on Zacks.com click here.