News

CIBC invests in next-generation, SelfServ ATMs from NCR

November 12, 2008

TORONTO — CIBC has announced plans to upgrade and replace its network of more than 3,700 ATMs, or automated banking machines as they are known in Canada, through a multiyear plan that includes the purchase of new ATMs from NCR Corp.

"NCR has been providing CIBC with nationwide ABM solutions for more than 20 years. NCR's understanding of CIBC's commitment to providing its clients with self-service banking that is convenient, easy to use, safe and secure — every time, all the time — has been integral to this relationship," said Ranji Persad, president of NCR Canada. "As CIBC clients turn to the self-service banking channel to complete more sophisticated transactions, NCR SelfServ ABM technology will allow for the introduction of additional services at more locations. Equally important, the improved self-service platform will enable CIBC to quickly respond to changing consumer needs." In 2007, CIBC completed a multiyear ABM upgrade that included enhanced accessibility and transaction features. With this new phase of upgrades, CIBC will build on the investment in its ABM network.