News

NCR, Huntington to offer bundled ATM lease financing

May 5, 2016

NCR Corp. has signed a strategic alliance agreement with Huntington Technology Finance to provide lease financing for NCR ATMs — including "ATM-as-a-Service" options — for financial institutions.

The new relationship gives FIs the option of a single monthly payment for NCR equipment, deployment, service, administration and software, according to a press release.

"With financial institutions facing significant pressure on CAPEX spends, we're seeing banks around the world migrating to an 'ATM-as-a-Service' model,' " said Gordon Fraser, NCR remote services management director. "Through our new relationship with Huntington, financial institutions can continue to leverage NCR omnichannel technology to grow revenue, operate more efficiently, and improve their customer experience with a flexible operating expense model."

The NCR-Huntington relationship enables financial institutions to bundle equipment and all related expenses into one monthly or quarterly payment, streamline the approval and documentation process, and eliminate unnecessary end-of-life costs, including product disposal, the release said.

NCR operational expense financing through Huntington will be available for U.S.-based financial institutions, including those with multinational operations.