Press Release

NCR and CIMA S.p.A Sign Global Agreement to Provide Teller Assist Cash Recycling Technology, Designed to Optimize Teller Efficiency

July 10, 2007 at 8:03 AM EDT
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DAYTON, Ohio--(BUSINESS WIRE)--July 10, 2007--NCR Corporation (NYSE:NCR) today announced the expansion of its branch optimization portfolio by signing a multiyear technology license agreement with CIMA S.p.A, a leading cash-handling technology company. NCR will leverage its manufacturing, customer services, and sales and marketing breadth to bring CIMA's Teller Assist Cash Recycler (TACR) to the global marketplace.

TACR technology helps improve branch efficiency and customer service levels, cornerstones of all retail bank branch strategies today. The ultra-compact TACR automatically authenticates, counts, stores and makes available deposited currency notes, which are then recycled back to customers over the teller counter. With today's labor-intensive cash counting process, it is not uncommon for a banknote to be counted by hand at least six times on its journey from the vault through the branch. As much as two-thirds of a teller's daily processing time can be reduced using the TACR technology.

The TACR offers the optimum mix of a high cash capacity, coupled with a small, branch-friendly footprint. The units will be offered as a component of NCR's branch optimization portfolio, further extending NCR's commitment to branch banking.

Vittorio Razzaboni, managing director of CIMA, said, "This is a long-term agreement which demonstrates our commitment to remaining pioneers in TACR, as well as NCR's confidence in the CIMA product. This is an ideal time to bring this solution to a wider audience."

Brian Bailey, vice president of global marketing for NCR's Financial Solutions Division, said, "From the moment a financial customer steps into a branch or deals with their bank through other remote channels, we want to make that experience a superior one. As we continually innovate to improve the overall banking experience for financial consumers, technology like CIMA's TACR plays a very important role. By bringing CIMA's market-leading technology to the global market, we create incremental synergies through NCR's global supply line and manufacturing capability, in combination with our unique High-Availability services."

About CIMA S.p.A

CIMA S.p.A has been serving banks, as well as the largest Italian industrial enterprises, for over 50 years. Established in 1955 by its current president, Giuseppe Razzaboni, CIMA has developed a variety of security initiatives. The company has moved from the production of armored door and window frames to access controls for anti-robbery booths, to the present and more sophisticated systems of cash recycling. Today, CIMA counts among its customers some of the largest Italian and European banks. For more information, visit www.cimaspa.it.

About NCR Corporation

NCR Corporation (NYSE:NCR) is a leading global technology company helping businesses build stronger relationships with their customers. NCR's Teradata(R) data warehouses, ATMs, retail systems, self-service solutions and IT services provide Relationship Technology(TM) that maximizes the value of customer interactions and helps organizations create a stronger competitive position. Based in Dayton, Ohio, NCR (www.ncr.com) employs approximately 29,500 people worldwide.

NCR and Teradata are trademarks or registered trademarks of NCR Corporation in the United States and other countries.


    CONTACT: NCR Corporation
             Lorraine Russell, 937-445-3784
             lorraine.russell@ncr.com

    SOURCE: NCR Corporation