DAYTON, Ohio, Aug. 9 /PRNewswire/ -- NCR Corporation today announced an ATM e-commerce alliance by taking a strategic equity interest in iATMglobal, which provides retailers, financial institutions and non-bank deployers of ATMs a turnkey software infrastructure that enables e-commerce transactions and fulfillment on ATMs through use of the Internet.
San Francisco-headquartered iATMglobal provides a software-based network that transforms existing ATMs into Internet ATMs. In conjunction with strategic e-commerce partners, iATMglobal's product suite will deliver to ATM users a wide variety of e-commerce transactions now available on the Web, such as movie, event or travel ticketing, pre-paid long distance or cellular service, Internet banking services or Internet product purchases.
Shami Patel, president of iATMglobal, said that: "NCR and iATMglobal are making it easy for companies to migrate their e-commerce offerings to ATMs deployed by retailers, banks and ISOs."
"iATMglobal enables companies to transform their web-based product presentation to the capabilities of current and future ATM technologies. The consumer now has a convenient and easy way to access Internet products and services," explained Patel. "With the initial rollout on NCR's ATMs, the consumer will see the value of this Internet capability and we'll provide the ATM owner a new revenue stream."
Pat Cronin, senior vice president of NCR's Financial Solutions division said the iATMglobal solution fits tightly with the NCR strategy of enabling all ATMs with e-commerce capabilities.
"iATMglobal gives ATM owners an easy way of activating e-commerce transactions on ATMs," said Cronin. "Imagine the tremendous opportunity for businesses to provide more services to the consumer and create new, profitable revenue streams without costly upgrades."
NCR and iATMglobal are planning a launch later this year at retail convenience store locations currently using NCR's MCD ATMs.
About iATMglobal
iATMglobal provides end-to-end e-commerce solutions for retailers, financial institutions and non-bank deployers of ATMs by Internet enabling legacy and future ATMs. iATMglobal's infrastructure gives the ATM owners, operators, and deployers flexibility to choose from an aggregated portfolio of e-commerce offerings. The company's solutions are based on extensive industry expertise in ATM software development and it's relationships with e-commerce merchants. iATMglobal has offices in the United States and the United Kingdom.
About NCR Corporation
NCR Corporation (NYSE: NCR) is a US$6.2 billion leader in providing Relationship Technology(TM) solutions to customers worldwide in the retail, financial, communications, travel and transportation, and insurance markets. NCR's Relationship Technology solutions include privacy-enabled Teradata(R) warehouses and customer relationship management (CRM) applications, store automation and automated teller machines (ATMs). The company's business solutions are built on the foundation of its long-established industry knowledge and consulting expertise, value-adding software, global customer support services, a complete line of consumable and media products, and leading edge hardware technology. NCR employs 32,500 in 130 countries, and is a component stock of the Standard & Poor's 500 Index. More information about NCR and its solutions may be found at www.ncr.com .
NCR and Teradata are trademarks or registered trademarks of NCR Corporation in the United States and other countries.
The discussions in this release may constitute forward-looking statements within the meaning of the "safe-harbor" provisions of the Private Securities Litigation Reform Act of 1995 and are based on management's current expectations and assumptions and other present information. Investors are cautioned that such forward-looking statements are subject to inherent risks and uncertainties that may cause actual results to differ materially from those described in the forward-looking statements. Factors that may affect future results include, among other things, the parties' ability to execute their e-commerce and software development plans successfully, iATM's success in its partnering arrangements with e-commerce providers, competitive factors and increased competition in the e-commerce industry, performance and customer acceptance may be significantly different from expected results, and the factors set forth in the parties' filings with the SEC, including Form 10-K for the year ended December 31, 1999. SOURCE NCR Corporation
CONTACT: Jeff Dafler of NCR Corporation, 937-445-5236, or jeffrey.dafler@ncr.com/
