NEW ORLEANS, Nov. 29 /PRNewswire/ -- Under the terms of a new global purchase agreement, Citibank has agreed to purchase $30 million of ATM hardware and software from NCR Corporation (NYSE: NCR) over a four-year period.
This agreement further strengthens the long-standing relationship between Citibank and NCR, and positions NCR as Citibank's major supplier of self- service technology.
In addition to self-service hardware and software, NCR will also have the opportunity to supply Citibank with a variety of services, which complement NCR's overall strategy as a complete solution provider.
"We are happy to continue our successful working relationship with NCR," said Alan Stevens, director of North American Technology and Distribution Services for Citibank. "This is a tremendous opportunity for both our organizations as we move forward in the rapidly evolving self-service market. Citibank requires a partner who can provide world class solutions for our global marketplace. We intend to use our self-service touch-points to reduce our service delivery costs, offer new products and services, and enhance the overall banking experience for our customers. NCR's broad industry knowledge, comprehensive product and service offerings, and its willingness to support Citibank's business strategy demonstrated clear leadership in meeting all our requirements."
This agreement is also a major endorsement of Citibank's CATALYST application software platform. The NCR systems in this agreement will support the CATALYST deployment around the world.
Developed in-house by Citibank, the CATALYST application provides Citibank's customers with a customized, easy-to-use interface into Citibank's extensive banking and investment services.
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, manufacturing, 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 31,900 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. SOURCE NCR Corporation
CONTACT: Wynne Evans, Cell, 917-940-0006, or Office, 011-44-207-725-8997, or wynne.evans@ncr.com , or Richard Maton, Cell, 917-821-1427, or Office, 011-44 207-725-8248, or richard.maton@ncr.com , or Virve Tremblay, Cell, 416-560-1740, or Office, 416-351-2101, or virve.tremblay@ncr.com , all of NCR Corporation/
