STRATEGIC PARTNERS
February 27, 2002
LONDON -- NCR Corporation (NYSE: NCR) will supply The Travelex Group, the world's largest retail foreign exhchange company, with 200 Personas 84 and 50 Personas 70 ATMs that will be deployed at retail outlets across the UK during 2002.
As part of the multimillion-pound deal, NCR will also provide associated software and maintenance services.
"This deal allows Travelex to supplement the number of bank-sponsored ATMs it has at airports throughout the U.K. with its own branded ATMs, expanding its presence at new high street retail locations," said Keith Richbell, managing director at Travelex.
Travelex's entrance into the UK market as an independent ATM deployer follows its success with its own branded machines in the U.S. and Australia, said Jeff Lutz, vice president for NCR's Financial Solutions division.
The privatetly-held Travelex was established 25 years ago by Chairman and Chief Executive Officer Lloyd Dorfman. Following the 440 million pound acquisition of Thomas Cook's Global &
Financial Services business in March 2001, the Travelex Group has now become the world's largest foreign exchange specialist, with offices in 31 countries and business relationships in 97 countries, serving over 29 million customer each year.
In 2000 and 2001, Travelex was identified by the London Sunday Times as one of the top 20 fastest-growing private companies in the UK. Travelex was a category winner in the Ernst &
Young/Citibank "Entrepreneur of the Year" Awards and also received an award for Media Impact at the "Profit Track 100" Annual Awards in July 2001.
