STRATEGIC PARTNERS
May 22, 2003
BEIJING -- NCR Corporation (NYSE: NCR) has won two deals with Bank of Communications and Agricultural Credit Union Bank in China with a combined value of more than $6.7 million.
According to a news release, the contracts include NCR Personas ATMs and APTRA software.
NCR will provide the Bank of Communications in Shanghai with ATMs for the bank's 50 branches throughout China and furnish Personas ATMs for Agricultural Credit Union Bank's Dongguan city branch.
The ATMs will be the first in China based on a Microsoft Windows platform. NCR decided to move away from OS/2 and adopt the Microsoft Windows operating system for ATMs in 1997, according to the release. NCR is currently active in more than 200 APTRA projects worldwide.
Noting that China now has 50,000 ATMs serving 1.2 billion people, CK Chan, area general manager for NCR's Financial Solutions Division, China and Hong Kong, said in the release, "The most popular functions remain the withdrawal and deposit of cash. However, the gradual acceptance of the ATMs as people's 'personal banks' will certainly create demand for further functionality."
In the past year, NCR has also signed deals with China Construction Bank, Bank of China and Beijing Commercial Bank. (See related stories China Construction Bank continues ATM buying spree with NCR, NCR in $20M deal with Bank of China and NCR sells ATMs, software to Beijing Commercial Bank)
