New NCR Channel Management Software Makes Daily ATM Cash and Transaction Balancing Easier for Bank Operations Staff
Helps financial institutions decrease risk and increase consumer satisfaction with improved transparency and automation
DULUTH, Ga., April 18, 2016 – NCR Corporation (NYSE: NCR), the global leader in consumer transaction technologies, today introduced new software to help financial institutions reconcile their cash transactions and replenishments across their self-service device network. NCR Reconciliation, highly flexible data reconciliation software, automates the daily balancing activities of the ATM cash network, helping banks and credit unions improve operational performance and reduce risk.
Through automation and cross-check of data sources, NCR Reconciliation helps banks ensure they are promptly returning funds owed to consumers, which safeguards the bank and supports a positive consumer experience. The powerful reconciliation engine quickly loads, validates, and matches transactions and identifies unreconciled (unmatched) transactions for research and resolution, typically the most time consuming exercise of daily ATM balancing activity. NCR Reconciliation is fully integrated with NCR’s Channel Management suite and is deployed as part of the same web-based user interface.
With NCR ATM Reconciliation, the user can access the consolidated data through a central user interface and easily review the unmatched transactions. It reduces process time and error, which makes the cash reconciliation process much more efficient, cost-effective and risk adverse.
“Reducing risk and cost while enhancing the consumer experience are key objectives for any financial institution in today’s self-service environment,” said Eric Malone, General Manager, Systems Management Software, NCR Financial Services. “NCR Reconciliation will help support those goals by systematically performing ATM cash reconciliation, making it easy to identify discrepancies and eliminating manual, time consuming reconciliation activities.” Learn more about NCR Reconciliation by visiting the product page here.
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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.
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News Media Contacts
Jeff Dudash NCR Public Relations
770.212.5091
[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
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Scott Sykes
NCR Corporation
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