MADRID, Spain -- NCR Corporation (NYSE: NCR) has won contracts to install ATMs in El Metro, Madrid's subway system, with Banco Santander Central Hispano (BSCH), Caja Madrid and Caja Duero. The three contracts total several million dollars and cover the supply, installation and maintenance of 275 NCR Personas 70 ATMs.
According to a news release, the ATMs are being rolled-out to Madrid's main stations this year.
Bob Tramontano, NCR Financial Solutions Division vice president of business development and strategic marketing, said, "In Europe we are seeing a trend away from ATMs being placed solely in bank branches. The growing number of ATMs in subway stations, airports and coffee shops is reflecting consumer demand to bank at convenient locations where cash and other services are needed."
The ATMs will be placed in the subway stations' lobbies and ticket areas. Beyond cash, additional services such as the payment of bills, passbook updates and ticketing could be offered from the ATMs in the future. Caja Madrid already offers such services through part of its ATM network.
Depending on the usage of the ATMs, the three financial institutions have expressed an interest in expanding the number of their branded ATMs in Madrid's subway stations, according to the release.
