"This deal allows Travelex to supplement the number of bank-sponsored ATMs it has at airports throughout the U.K. with its own branded ATMs, expanding its presence at new high street retail locations," said Keith Richbell, managing director at Travelex.
The agreement includes software to allow retailers to manage centrally the look and feel of the ATM screens to reinforce brand image. The images on the ATM screen could match a retailer's billboard, television or Internet advertising. In addition retailers could offer local in-store promotions to increase revenue of certain items.
Travelex's entrance into the U.K. market as an independent ATM deployer follows its success with its own branded machines in the U.S. and Australia explains Jeff Lutz, vice president for NCR's Financial Solutions division. "Travelex's foundation in the retail and banking environment gives them an excellent opportunity to voice the advantages of an on-site ATM to increase revenue generation through growth in consumer footfall, offering their consumers convenient access to their money."
About Travelex
Travelex was established 25 years ago by Chairman & CEO Lloyd Dorfman. Following the 440 million pound acquisition of Thomas Cook's Global & Financial Services business in March 2001, the Travelex Group has now become the world's largest foreign exchange specialist, with offices in 31 countries and business relationships in 97 countries, serving over 29 million customers each year. The Travelex Group today consists of:
* The world's largest retail foreign exchange business -- 40 percent of
the world's airline passengers, over 1.3 billion people, pass through an
airport at which Travelex operates
* The world's largest non-bank corporate international payments business
* The world's oldest and second largest issuer of traveler's checks, under
both the Visa and MasterCard brands
* The leading provider of outsourced travel money to banks, financial
institutions and major travel agency chains
* A leading provider of a range of travel-related services, including one
of the largest travel insurance agencies in the U.S., an award-winning
Global Assistance service, a range of prepaid debit cards and the
world's leading foreign coin-handling business.
The Group is privately owned; Lloyd Dorfman is a 63 percent shareholder, 3i (one
of Europe's leading investment companies) is a 33 percent shareholder, with the
remainder held by management. In the year ending 31st December 2001 the business
had revenues of approximately 376 million pounds and earnings before interest,
tax, depreciation and amortization of approximately 63 million pounds (per 12/01
Management Accounts). Headquartered in London, the Group employs over 6,000
people worldwide, with major centers of operation in the Americas, Australia,
Asia and Europe. In 2000 and 2001, Travelex was identified by the London "Sunday
Times" as one of the top 20 fastest growing private companies in the U.K.
Travelex was a category winner in the Ernst & Young/Citibank "Entrepreneur of
the Year" Awards and also received an award for Media Impact at the "Profit
Track 100" Annual Awards in July 2001. More information about Travelex may be
obtained from www.travelex.com
About NCR Corporation
NCR Corporation (NYSE: NCR) is a 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 31,400 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
CONTACT: Giovanna Puma of NCR Corporation - London, +44-20-7725-8253, or
giovanna.puma@ncr.com; or Simon Rothwell, simonr@harvard.co.uk, or Louise
Mason, or louisem@harvard.co.uk, both of Harvard Centro, +44-20-78613800
URL: http://www.travelex.com
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