NCR and Huntington Technology Finance to Offer Operational Financing Options for Banking Technology
Agreement allows financial institutions to consolidate NCR software, hardware and services contracts into single monthly operating expense
Duluth, Ga., May 5, 2016 – 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.
About Huntington Technology Finance
A subsidiary of Huntington National Bank, Huntington Technology Finance is one of the largest vendor-independent providers of lease financing, asset management solutions, and remarketing of technology, healthcare and capital equipment in North America. For over 25 years, Huntington Technology Finance has specialized in providing solutions for medium businesses, large corporations, hospitals, educational institutions, government entities and multinational organizations to help them finance and manage their technology equipment fleets with greater efficiency. In addition to working directly with customers, Huntington Technology Finance provides financing solutions to major equipment vendors to allow them to provide additional services to their end-user customer base. For more information call 248-253-9000 or visit www.huntington.com.
The Huntington National Bank, Member FDIC. Huntington® is a federally registered service mark of Huntington Bancshares Incorporated.
________________________________________
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
News Media Contacts
Jeff Dudash
NCR Public Relations
770.212.5091
[email protected]
Michael K. Sherman
Huntington Bank
614-480-6114
[email protected]
NCR Corporation (NYSE: NCR) is a leader in transforming, connecting, and running technology platforms for self-directed banking, stores, and restaurants. NCR is headquartered in Atlanta, Georgia, with 35,000 employees globally. NCR is a trademark of NCR Corporation in the United States and other countries.
NCR VOYIX Corporation (NYSE: VYX) is a leading global provider of digital commerce solutions for the retail, restaurant and digital banking industries. NCR VOYIX transforms retail stores, restaurant systems and digital banking experiences with comprehensive, platform-led SaaS and services capabilities. NCR VOYIX is headquartered in Atlanta, Georgia, with approximately 16,000 employees in 35 countries across the globe.
This release contains forward-looking statements. Forward-looking statements use words such as “expect,” “anticipate,” “outlook,” “intend,” “plan,” “confident,” “believe,” “will,” “should,” “would,” “potential,” “positioning,” “proposed,” “planned,” “objective,” “likely,” “could,” “may,” and words of similar meaning, as well as other words or expressions referencing future events, conditions or circumstances. Statements that describe or relate to NCR’s or NCR VOYIX’s plans, goals, intentions, strategies, financial outlook, NCR’s or NCR VOYIX’s expectations regarding the Spin-Off, NCR’s or NCR VOYIX’s intention to consummate the offering and issue the Notes or the intended use of proceeds from the offering of the Notes and enter into the new senior secured credit facilities, and statements that do not relate to historical or current fact, are examples of forward-looking statements. Forward-looking statements are based on our current beliefs, expectations and assumptions, which may not prove to be accurate, and involve a number of known and unknown risks and uncertainties, many of which are out of the NCR’s and NCR VOYIX’s control. Forward-looking statements are not guarantees of future performance, and there are a number of important factors that could cause actual outcomes and results to differ materially from the results contemplated by such forward-looking statements. Additional information concerning these and other factors can be found in NCR and NCR VOYIX’s filings with the U.S. Securities and Exchange Commission, including NCR’s most recent annual report on Form 10-K, most recent quarterly report on Form 10-Q and current reports on Form 8-K and NCR VOYIX’s registration statement on Form 10, most recent quarterly report on Form 10-Q and current reports on Form 8-K. Any forward-looking statement speaks only as of the date on which it is made. Neither NCR nor NCR VOYIX undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Michael Nelson
NCR Corporation
678-808-6995
[email protected]
Scott Sykes
NCR Corporation
[email protected]