NCR
Corp.
's (
NCR
) APTRA Interactive Teller will be used by Salin Bank for serving
customers in extended banking hours and remote locations. Salin
Bank will soon be deploying the banking technology solution. The
teller machines will be located at the drive-through lanes, as
well as inside the branches, diluting pressure during the rush
hours. This Interactive Teller operates through two-way video
conferencing and remote transaction processing technologies.
The video-based interactive technology will ultimately help
customers to complete transactions, such as intelligent deposit,
bill pay, new account openings and loan initiations through
centrally-based tellers that have control of the teller
machines.
The audio-video linkage lets customers complete 95% of their
banking task that could have been conducted in a branch. Also,
the teller services will be offered beyond the branches' usual
working hours as customers can use the service up to 7 p.m from
Monday to Saturday.
The company is witnessing an improvement in business volume,
as the regional banks are in the mood to upgrade their ATM's.
This apart, the company is also deriving some revenues from
Radiant. Moreover, the company is also strengthening its grip in
the German ATM and Point - of - Sale (POS) market.
We remain highly positive about NCR's position in the ATM and
Point - of - Sale solutions (POS) segments. Moreover, as per the
data collected by RBR from different bankers and other deplorers,
the firm has made a "Global ATM Market and Forecasts to 2013"
which confirms NCR as the largest ATM manufacturer globally with
an installed base market share of 30.1%. RBR is also of the
opinion that NCR holds a leadership position in China and North
American market, with an installed base market share of 32.0% and
26.4%, respectively.
Although this looks encouraging, but stiff competitions from
Diebold Inc.
(
DBD
) and Wincor Nixdorf concern us.
Currently, NCR has a Zacks #3 Rank, implying a short-term Hold
rating.
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