NCR in ATM services deal with China bank

Mon, 08/15/2011 - 10:05am
The Associated Press

Technology company NCR Corp. said Monday that it has received its largest ATM services contract for China, providing hardware maintenance services for about 10,000 ATMS at the Agricultural Bank of China.

"China is one of NCR's most important emerging markets, and we have made significant investments in the region to deliver innovative hardware with robust software and services solutions," Gary Miao, president for NCR in Greater China, said in a statement.

Terms were not disclosed.

The Agricultural Bank of China has the biggest ATM network in the country, with 54,510 ATMS at the end of last year.

Shares of NCR rose 53 cents, or 3.1 percent, to $17.47 in afternoon trading. The stock has traded between $12.24 and $20.97 over the last year.


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