NCR Installs First EMV Compliant ATM in U.S. at People’s United Bank
Work with Vantiv and Pendum to bring new card security technology to life
Duluth, Ga., May 22, 2013 – The first EMV-compliant ATM in the U.S. is live and in use. NCR Corporation (NYSE: NCR) has begun upgrading ATMs at People’s United Bank with the new consumer card security technology, in conjunction with Vantiv and Pendum, the nation’s largest independent ATM service provider. The first upgraded ATMs are the People’s United Bank ATMs located at their 250 Park Avenue, New York, branch.
EMV is a set of specifications defined by payments companies Europay International, MasterCard Worldwide and Vise to define interoperability standards for smart card transactions. The specifications – also known as “chip and PIN” – has been in place in countries around the world since 1996 and include a microprocessor chip on cards as an eventual replacement of the magnetic stripe, which has been used to carry card data since the 1960s.
The upgrade of U.S. ATMs – including those at People’s United – includes an upgrade to the card reader hardware inside the machines as well as a software upgrade. Since 2011, NCR has been shipping all SelfServ™ ATMs with smart card readers as standard.
“Financial institutions throughout the U.S. are evaluating and making plans to upgrade their ATM networks in order to stay in compliance with card issuers’ deadlines,” said Ruth Fornell, vice president of Global Professional Services, NCR. “As they begin their implementation, it is important that they turn to a solutions provider with experience. NCR amassed a wealth of experience in helping financial institutions in Canada and Mexico and institutions throughout Europe make the transition.”
Globally, 36 percent of cards and 65 percent of terminals in deployment run using the EMV standard. France was the first to pilot and implement EMV, and the country has seen a reduction in fraud by more than 80 percent since the launch of EMV.
In April, Vantiv became the first U.S. acquirer to complete MasterCard's testing requirements to process EMV transactions for MasterCard, Maestro and Cirrus brands at both ATM and at the point-of-sale locations. In addition, MasterCard has certified Vantiv’s network for EMV on both NCR APTRA Edge and NCR APTRA Advance NDC software platforms.
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 300 million transactions daily across the retail, financial, travel, hospitality, telecom and technology industries. NCR solutions run the everyday transactions that make your life easier.
NCR is headquartered in Duluth, Georgia with over 26,000 employees and does business in 180 countries. NCR is a trademark of NCR Corporation in the United States and other countries.
News Media Contact
Jeff Dudash
NCR Corporation
919.435.6976
[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]