STRATEGIC PARTNERS
February 20, 2002
CARACAS, Venezula -- NCR Corporation (NYSE: NCR) and Banco Mercantil, one of the largest banks in Venezuela, have signed a $5.6 million deal to install and maintain 428 NCR Personas ATMs. The project is scheduled for completion by July 2002.
NCR will also maintain Banco Mercantil's existing 700 ATM base, including 300 non-NCR terminals. Banco Mercantil previously signed a deal at the end of 1998 with Summa Sistemas, NCR's distributor in Venezuela, to maintain its ATM installations from 1999 to 2000.
"NCR and Summa Sistemas have, through this deal, strengthened their strategic partner status within Banco Mercantil while reinforcing their self- service leadership in both Venezuela and Latin America," said Andy Orent, vice president of NCR's Financial Solutions Division.
