PayPoint Signs Deal for 400 EasyPoint ATMs from NCR
Order represents first major convenience ATM win since NCR acquired Tidel’s ATM assets
February 28, 2006, DAYTON, Ohio – NCR Corporation (NYSE: NCR) today announced it 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. 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 £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 percent to 10 percent increase in customer traffic. ATM users, on average, also spend up to 25 percent 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. PayPoint began trading in 1996 and initially collected payments through its network of retail agents for its founder client investors, who included British Gas, BT, BBC TV Licensing, London Electricity (now part of EDF Energy) and four water companies. It now has more than 500 clients including many of the U.K.’s and Ireland’s major energy, cable, mobile and fixed-line telephony companies. Its blue chip clients list also extends to numerous water companies, local authorities and housing associations and a growing transport and travel base. PayPoint was listed on the London Stock Exchange in September 2004.
About NCR Corporation
NCR Corporation (NYSE: NCR) is a leading 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. Based in Dayton, Ohio, NCR (www.ncr.com) employs approximately 28,200 people worldwide.
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