Agreement establishes First Data as preferred payments technology
provider for NCR in grocery, petroleum and convenience store industries
NCR becomes First Data’s preferred ATM and services provider,
including enterprise license for NCR CxBanking software
First Data (NYSE: FDC), a global leader in commerce-enabling technology
and solutions, and NCR Corporation (NYSE: NCR), the global leader in
consumer transaction technologies, have entered into a strategic
commercial agreement. First Data will be a preferred provider of
cybersecurity and payment processing solutions to NCR’s customers in the
grocery, petroleum and convenience store industries. NCR will be a
preferred provider of ATM hardware and services to First Data’s client
base of more than 4,000 financial institutions. The two industry leaders
will also pursue co-development of integrated commerce technology
solutions for U.S. merchant clients.
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“As respective leaders in payments and consumer transaction technologies
across multiple industries, First Data and NCR are uniquely positioned
to add customer value through a holistic consumer experience from the
initiation of a transaction to its completion,” said Bill Nuti, Chairman
and CEO, NCR Corporation. “We believe this new relationship will help
drive revenue growth, reduce costs, and improve security for our
customers. As payment security continues to drive decision-making among
CIOs and CTOs, NCR and First Data’s unique payment security software
will create a winning combination for retailers.”
“We are focused on partnering with NCR to bring integrated technology
solutions, including payment acceptance, security, business
intelligence, and digital gift card software, to clients in the
petroleum, grocery and convenience store industries,” said Guy
Chiarello, President, First Data. ”Merchants around the world are
concerned with cybersecurity and data protection, and our collaboration
with NCR enables us to offer best-in-class security to a broad range of
businesses through our TransArmor solution.
Solutions for Grocery, Petroleum and Convenience Store Businesses
The strategic partnership will encompass payment card acceptance and
technology solutions for clients in the grocery, petroleum and
convenience store sectors. First Data will become a preferred partner of
NCR and its value-added resellers in the U.S.
First Data and NCR will also collaborate to develop a payments security
infrastructure that includes First Data’s TransArmor® Data
Protection integrated with NCR Epsilon and Connected Payments® Gateway,
which provides a secure routing technology delivered as a
Software-as-a-Service solution. First Data’s TransArmor solution
provides powerful payment card security that combines encryption with
random-number tokenization technology. With TransArmor, payment card
data is protected at every transaction stage, reducing the risk of data
breach as well as the scope and costs of PCI compliance.
In addition, the companies will jointly explore opportunities to package
their respective payment solutions and value-added services to deliver
unique capabilities to their clients.
Solutions for Financial Institutions
Under the agreement, as a preferred provider, First Data will offer
NCR’s industry-leading ATM hardware and services to First Data's client
base of more than 4,000 financial institutions. The agreement includes
an enterprise license for NCR CxBanking software – such as APTRA
applications and NCR Kalpana – allowing First Data to deliver highly
accessible and differentiated consumer experiences.
Every second, more than 6,000 transactions around the world are being
run through NCR hardware and software. NCR is the global leader in ATM
technology and more than $1.134 trillion in cash moves through NCR ATMs
each year.
The financial terms of the deal were not disclosed.
About First Data
First Data is a global leader in commerce-enabling technology and
solutions, serving approximately six million business locations and
4,000 financial institutions in 118 countries around the world. The
company’s 23,000 owner-associates are dedicated to helping companies,
from start-ups to the world’s largest corporations, conduct commerce
every day by securing and processing more than 2,300 transactions per
second and $1.9 trillion per year.
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
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