Bank of China Signs $36 Million Agreement With NCR.Business Editors BEIJING--(BUSINESS WIRE)--Jan. 12, 2004 NCR Corporation (company) NCR Corporation - Electronics company mainly active in the midrange server market. NCR was founded 1884 as National Cash Register Company. It joint the computer industry in th 1950s. (NYSE NYSE See: New York Stock Exchange :NCR (NCR Corporation, Dayton, OH, www.ncr.com) A technology company specializing in financial terminal transactions, retail systems and data warehousing. Until the late 1990s, NCR was heavily invested in the hardware side of the industry, known worldwide as a major manufacturer of computers ) today announced it has signed a contract worth $36 million with the Bank of China, the majority of the bank's financial self-service expenditure for 2003. NCR will provide the bank with Personas automated teller machines automated teller machine (ATM), device used by bank customers to process account transactions. Typically, a user inserts into the ATM a special plastic card that is encoded with information on a magnetic strip. (ATMs) with enhanced security features to include the encrypting pin pad (EPP (1) (Enhanced Parallel Port) See IEEE 1284. (2) (Ethernet Packet Processor) A chip from Kalpana, Inc., Santa Clara, CA that doubles speed of Ethernet transmission to 20Mbits/sec. In 1994, Kalpana was acquired by Cisco. ) module. NCR will also provide maintenance services to ensure ATM availability. The Chinese economy continues to grow rapidly as banks face an increasingly competitive environment. With this in mind, Bank of China has recognized the need to further strengthen its ATM network with high quality products and services. The Personas ATMs provided to Bank of China are all produced in NCR's joint-venture manufacturing facility in Beijing. A portion of the ATMs have specially designed cash-deposit functions. Such cash-deposit terminals are becoming more popular in China. CK Chan, general manager of NCR's Financial Solutions Division in China and Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. , said, "We are delighted to continue our long-term relationship with Bank of China. I see this investment by the Bank of China as further evidence that NCR continues to provide the highest level of product and service quality. I believe that with the deployment of our technology and engagement of the largest ATM hardware and software service team in China, Bank of China will offer more value-added services to its customers." About NCR Corporation NCR Corporation (NYSE:NCR) is a leading global technology company helping businesses build stronger relationships with their customers. NCR's ATMs, retail systems, Teradata(R) data warehouses and IT services provide Relationship Technology(TM) solutions that maximize the value of customer interactions. Based in Dayton, Ohio Dayton is a city in southwestern Ohio, United States. It is the county seat and largest city of Montgomery County. As of the 2005 census estimate, the population of Dayton was 158,873. , NCR (www.ncr.com) employs approximately 29,300 people worldwide. NCR and Teradata are trademarks or registered trademarks of NCR Corporation in the United States and other countries. |
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