First Data and NCR Sign Strategic Commercial Agreement
November 16 2015 - 9:00AM
Business Wire
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
View source
version on businesswire.com: http://www.businesswire.com/news/home/20151116005430/en/
News Media ContactsJeff DudashNCR Public
Relations770.212.5091jeff.dudash@ncr.comorLiidia LiuksilaFirst Data
Public Relations212.515.0174Liidia.liuksila@firstdata.com
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