NCR to Serve Sanghai Automatic - Analyst Blog
19 Abril 2013 - 3:45PM
Zacks
NCR Corporation
(NCR) has recently won a five-year service agreement deal from
People’s Bank of China (PBOC) Shanghai Automatic Clearing Center.
As per the terms of the deal, NCR would be providing on-site
technical support and maintenance services to Shanghai Automatic’s
intra-city clearing systems, which ensures the timely completion of
100,000 checks per day.
The center is already using five
NCR E1700 imaging transports for intra-city cheque clearing. This
apart, the company is also using two units of NCR iTRANImageTrac
III color imaging transports, which are used for check inward
service for commercial banks and multi-size voucher processing.
NCR has been providing support to
Shanghai Automatic since 2005. As per the terms of the agreement,
NCR will provide technical support during the clearing hours. This
apart, the company will provide 24-hour hardware replacement
support.
The company’s products have
positioned it better to win new deals. NCR’s products offer an
array of benefits to end users and customers. This helps companies
improve customer experience and facilitate their business
process.
NCR is catering to companies across
industries with its broad range of products. The company’s advanced
POS solution, remotely accessible teller machines, automated ticket
vending machines and restaurant operating machines have helped it
attract more customers and generate additional revenue over the
last few quarters.
However, similar offerings from
Diebold Corp. (DBD) could create some pressure on
NCR’s market share.
Currently, NCR has a Zacks Rank #2
(Buy). Investors could also consider other technology stocks such
as Orbotech Ltd. (ORBK) and Faro
Technologies Inc. (FARO) both with a Zacks Rank #1 (Strong
Buy).
DIEBOLD INC (DBD): Free Stock Analysis Report
FARO TECH INC (FARO): Free Stock Analysis Report
NCR CORP-NEW (NCR): Free Stock Analysis Report
ORBOTECH LTD (ORBK): Free Stock Analysis Report
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