DAYTON, Ohio -- NCR Corp. will supply PayPoint Plc with 400 EasyPoint automated teller machines (ATMs). The deal is the first major win for NCR EasyPoint LLC, an NCR subsidiary formed by its recent acquisition of the ATM assets of Tidel Technologies Inc.
This order includes 200 EasyPoint 53 and 200 Tidel EasyPoint 3300 ATMs. PayPoint is a leading U.K. cash payment collection network with 2,000 ATMs throughout the United Kingdom.
The deal includes ATM installation services and a multimillion-dollar second-line maintenance contract. [image-nocss] This will maximize PayPoint's ATM availability and future-proof its ATM channel to meet emerging standards and technology changes.
Since the beginning of 2004, we have installed an average of 50 ATMs each month, said PayPoint retail director Mike Igoe. ATMs have been a popular addition to our retail technology portfolio, with our average PayPoint agent achieving 300 cash withdrawals a month, representing additional revenue for his business of GBP 3,600 (approximately $6,300) per annum.
Mike Hudson, general manager of NCR EasyPoint LLC, said, We are very excited to receive such positive support for our EasyPoint offers. NCR has been working with PayPoint for some time, and now we can offer an even wider range of units that meet PayPoint's needs. As a major handler of cash payments, PayPoint can realize significant bank handling fee savings, as well as benefit from the fact that having an ATM in-store creates a 5% to 10% increase in customer traffic. ATM users, on average, also spend up to 25% more in-store. For these reasons and more, this is a win-win for PayPoint and NCR.
PayPoint is a leading branded payment collection network of over 14,000 outlets used, primarily, for the cash payment of bills and services and prepayments for mobile telephones and energy meters.
Dayton, Ohio-based NCR Corp. is a global technology company helping businesses build stronger relationships with their customers. NCR's Teradata data warehouses, ATMs, retail systems, self-service solutions and IT services provide relationship technology that maximizes the value of customer interactions and helps organizations create a stronger competitive position.
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