Agreement allows financial institutions to consolidate NCR software,
hardware and services contracts into single monthly operating expense
DULUTH, Ga.--(BUSINESS WIRE)--May 5, 2016--
NCR Corporation (NYSE: NCR), the global leader in consumer transaction
technologies, today announced that it has signed a strategic alliance
agreement with Huntington Technology Finance to provide lease financing
for NCR ATMs, including ‘ATM-as-a-Service’ type options, for financial
institutions. The new relationship gives financial institutions the
convenience and flexibility of a single, monthly payment for their NCR
equipment, deployment, service, administration and software.
“With financial institutions facing significant pressure on CAPEX
spends, we’re seeing banks around the world migrating to an
‘ATM-as-a-Service’ model,” said Gordon Fraser, remote services
management director, NCR. “Through our new relationship with Huntington,
financial institutions can continue to leverage NCR omni-channel
technology to grow revenue, operate more efficiently, and improve their
customer experience with a flexible, operating expense model.”
The NCR-Huntington relationship enables financial institutions to bundle
equipment and all related expenses into one monthly or quarterly
payment, streamline the approval and documentation process, and
eliminate unnecessary end-of-life costs – including product disposal.
“Huntington Technology Finance has decades of experience working with
companies in a wide variety of industries as they leverage flexible
financing options to keep pace with next-generation technology solutions
while conserving working capital,” said John Zimmeth, SVP portfolio
management, Huntington Technology Finance. “Whether it is transforming
their branch or keeping their self-service systems up-to-date with the
latest EMV requirements, NCR customers now have an easy, streamlined
option for financing.”
NCR operational expense financing through Huntington will be available
for U.S.-based financial institutions, including those with
multi-national operations.
About Huntington Technology Finance
A subsidiary of Huntington National Bank, Huntington Technology Finance
is one of the largest vendor-independent providers of lease financing,
asset management solutions, and remarketing of technology, healthcare
and capital equipment in North America. For over 25 years, Huntington
Technology Finance has specialized in providing solutions for medium
businesses, large corporations, hospitals, educational institutions,
government entities and multinational organizations to help them finance
and manage their technology equipment fleets with greater efficiency. In
addition to working directly with customers, Huntington Technology
Finance provides financing solutions to major equipment vendors to allow
them to provide additional services to their end-user customer base. For
more information call 248-253-9000 or visit www.huntington.com.
The Huntington National Bank, Member FDIC. Huntington® is a federally
registered service mark of Huntington Bancshares Incorporated.
About NCR Corporation
NCR Corporation (NYSE: NCR) is the global leader in consumer transaction
technologies, turning everyday interactions with businesses into
exceptional experiences. With its software, hardware, and portfolio of
services, NCR enables more than 550 million transactions daily across
retail, financial, travel, hospitality, telecom and technology, and
small business. NCR solutions run the everyday transactions that make
your life easier.
NCR is headquartered in Duluth, Georgia with over 30,000 employees and
does business in 180 countries. NCR is a trademark of NCR Corporation in
the United States and other countries.
Web sites: www.ncr.com
Twitter: @NCRCorporation
Facebook: www.facebook.com/ncrcorp
LinkedIn: www.linkedin.com/company/ncr-corporation
YouTube: www.youtube.com/user/ncrcorporation
View source version on businesswire.com: http://www.businesswire.com/news/home/20160505005099/en/
Source: NCR Corporation
NCR Public Relations
Jeff Dudash, 770-212-5091
jeff.dudash@ncr.com
or
Huntington
Bank
Michael K. Sherman, 614-480-6114
Michael.sherman@huntington.com
