LONDON, June 19 /PRNewswire/ -- Nationwide, the world's largest building society, will be the first UK financial services provider to install NCR Corporation's (NYSE: NCR) advanced cash and check deposit technology using NCR's Personas 70 automated teller machine (ATM) coupled with a Personas 72 Sidecar.
Under a multi-million pound agreement, the machines will be rolled out across 80 Nationwide branches and branded as Nationwide Fast Cash & Cheque. The agreement also covers professional services, software development, project management and ongoing maintenance from NCR.
Fast Cash & Cheque performs all the usual ATM functions, such as dispensing cash and balance information, via a touch-operated color screen. In addition, Nationwide's members can:
Deposit up to 30 banknotes, which are immediately credited to the account and available for withdrawal;
Deposit checks, for which a receipt incorporating a scanned image of the check is provided;
Obtain a building society check.
Eighty percent of those visiting a bank or building society branch do so to carry out one or more of the above transactions. Unusually, holders of passbook accounts*, as well card-based ones, can use Fast Cash & Cheque.
Robin Bailey, Nationwide's branch network director, said, "Adding self- service options such as Fast Cash & Cheque gives our members greater choice in the way they carry out everyday transactions with us. It also means our employees have more time to give the friendly help and advice that our members expect from Nationwide. Many of the large banks are closing branches. Our strategy is different. Self-service devices such as Fast Cash & Cheque help ensure our branches remain economically viable by driving higher volumes of business through them."
Andy Morss, NCR's Financial Solutions Division vice president for Northern Europe, said, "NCR's ground-breaking technology is like a branch in the box. It is easy to use and frees branch staff to deal with customers' more complex needs. We worked closely with Nationwide to meet the specifications designed for their members. Nationwide has once again shown it is a world leader in adopting technology that improves customer service."
Passbook holders need to register their account first and obtain a PIN number. Card-based accounts can use it immediately.
About NCR Corporation
NCR Corporation (NYSE: NCR) is a 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 33,200 in more than 100 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.
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SOURCE NCR Corporation
-0- 06/19/2001
/NOTE TO EDITORS: The Fast Cash & Cheque system is based on NCR's APTRA(TM) Advance software, which has been customized for Nationwide. It runs on the Microsoft(R) Windows(R) NT platform, meaning further functions can be added later. Graphics for the service were created by software house i-design./
CONTACT: Richard Maton of NCR Corporation, +44-0-20-7725-8248 or richard.maton@ncr.com ; or Peter Brown of Nationwide Press Office,