NCR Wins Barclays, ANZ Bank Deals - Analyst Blog
09 Maio 2013 - 2:30PM
Zacks
After reaching a 52-week high on May 3, NCR
Corporation (NCR) has won a couple of new deals, which are
expected to be favorable for its share price. This time NCR has won
a deal from the Barclays Bank of Ghana. According to the deal, the
bank will take support from NCR and provide its customers 24-hour
access to its financial services.
The bank has recently installed 29 NCR SelfServ and 34 ATMs with
intelligent deposit, which would ultimately help Barclays’
customers to deposit cash and get an on-screen validation
immediately. Moreover, these ATMs would help in bill payment and
provide a remittance software support, using which the customers
can pay a bill or transfer funds to friends and family.
NCR has won another deal from the ANZ bank of New Zealand. ANZ
Bank New Zealand has started deploying the next-generation teller
cash recycler (TCR) to provide a better banking experience to its
customers. The NCR Cash Recycler 11 quickly accepts and dispenses
cash, which ultimately helps the tellers, allowing them to focus
their attention on the customer rather than counting bank
notes.
NCR is gradually expanding its reach across geographies.
Moreover, NCR’s position in the ATM and self-service kiosk segment,
coupled with new offerings at regular intervals, are helping the
company strengthen its market position.
NCR’s products are helping it to win new deals at regular
intervals. NCR’s products offer an array of benefits to end users
and customers. This helps companies improve customer experience and
increase their business efficiencies. This apart, NCR is reaping
the benefits of the ATM upgrade cycle, not only in the U.S., but
also in other countries such as India, China and Brazil.
Previously, the company secured a large deal from “State Bank of
India” (“SBI”) to deploy roughly 600 NCR SelfServ 32 Intelligent
Cash Deposit ATMs across India. This is one of the largest orders
made by the State Bank of India for its cash deposit ATMs in recent
times.
Moreover, RBR Research and the ATM industry association believe
that the global ATM space will likely grow at a rapid rate,
especially cash withdrawal services in emerging markets. The report
suggests that ATM cash withdrawals will grow by 90.0%.
The under-penetrated markets of the Asia-Pacific, the Middle
East and Africa are deemed to see the strongest growth. Thus, the
company is making strategic moves to generate more business from
these markets.
Back home, the ATM and POS market is in duopoly, with NCR the
largest player and Diebold Corp. (DBD) a strong
second.
Currently, NCR has a Zacks Rank #2 (Buy). Investors could also
consider other technology stocks such as Orbotech
Ltd. (ORBK) and Concurrent New. (CCUR),
both with a Zacks Rank #1 (Strong Buy).
CONCURRENT NEW (CCUR): Free Stock Analysis Report
DIEBOLD INC (DBD): Free Stock Analysis Report
NCR CORP-NEW (NCR): Free Stock Analysis Report
ORBOTECH LTD (ORBK): Free Stock Analysis Report
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