News

PayPoint buys 400 EasyPoint ATMs from new NCR subsidiary

February 27, 2006

DAYTON, Ohio - PayPoint Plc. signed a deal for 400 EasyPoint ATMs from NCR EasyPoint LLC, the NCR Corp. subsidiary formed after the company's acquisition of Tidel Engineering LP. (Read also, A marriage made in heaven?)

PayPoint is a leading U.K. cash-payment collection network with 2,000 ATMs throughout the United Kingdom. Its network includes more than 14,000.

"We are very excited to receive such positive support for our EasyPoint offers," said Mike Hudson, NCR EasyPoint LLC's general manager. "NCR has been working with PayPoint for some time, and now we can offer an even wider range of units that meet PayPoint's needs.

"As a major handler of cash payments, PayPoint can realize significant bank handling fee savings, as well as benefit from the fact that having an ATM in-store creates a 5 percent to 10 percent increase in customer traffic."

According to a news release, the order includes 200 EasyPoint 53 and 200 Tidel EasyPoint 3300 ATMs. The deal also includes ATM installation services and a multimillion dollar second-line maintenance contract.

"Since the beginning of 2004, we have installed an average of 50 ATMs each month," said PayPoint retail director Mike Igoe. "ATMs have been a popular addition to our retail technology portfolio, with our average PayPoint agent achieving 300 cash withdrawals a month, representing additional revenue for his business of £3,600 (U.S. $6,300]) per annum."