Agreement allows financial institutions to consolidate NCR software, hardware and services contracts into single monthly operating expense
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.