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NCR Helps Bank of Ningbo

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NCR Corporation (NCR) is winning deals for almost all of its products. Recently, NCR  successfully implemented the multi-vendor open ATM software platform at the Bank of Ningbo.

The bank has more than 500 ATM’s, supported by NCR APTRA Edge, offering a multi-vendor software application. The network has been migrated to be compliant with EMV card payment standards.

Through the implementation of NCR’s Terminal Management Software solution, which provides real-time remote monitoring and recovery ability, the Bank of Ningbo has been able to ensure the accessibility of the ATM network.

Moreover, NCR has added some key security features to the bank’s ATM network which include NCR Remote Key Management solution, Dynamic eLock Management Platform, as well as the SolidCore for APTRA security solution, thereby helping to maintain ATM uptime.

This total ATM management solution will enhance customer service and the self service banking operation.

Although NCR holds a leadership position in the ATM and POS market, Diebold Corp. (DBD) has also been effective at wooing its customers with innovative solutions. NCR is making considerable efforts to spread its wings in the Asian and other African markets both in the Financial Services and retail segments to bolster growth. This has enabled the company to offset the economic slump in the European region.

Currently, NCR holds a Zacks Rank #3 (Hold). Investors could also consider other technology stocks, such as Orbotech Ltd. (ORBK) and Micron Technology (MU). While Orbotech carries a Zacks Rank #1 (Strong Buy), Micron holds a Zacks Rank #2 (Buy).

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