3/19/2004 - NCR Corporation (NYCE: NCR) and Fujitsu Limited (TSE: 6702) announced that they have developed a new cash deposit and recycling module for automated teller machines (ATMs) that provides superior performance and unprecedented levels of availability. The new module is the first commercial result of a strategic alliance under which NCR and Fujitsu are pursuing collaborative research and development and supply of products and technology.
The new module provides sophisticated bill-validation and cash-recycling functionality that can be flexibly adapted to meet the requirements of particular national or regional markets and customers. Enabling deposited, validated and sorted notes to be dispensed to customers making cash withdrawals, the module has the capability to make bunch-note acceptance and validation available for up to 200 notes, with support for multicurrency deposits and cassette-based note storage for up to 9,200 notes.
Fujitsu will manufacture the new module for both companies' respective ATM product offerings, which they will continue to distribute, sell and service separately. Fujitsu and NCR are continuing to explore further areas of ATM technology collaboration and believe that combining their complementary development strengths will enable them to bring competitive self-service terminals with leading-edge functions to market more quickly and economically.
Keith Taylor, senior vice president of NCR's Financial Solutions Division, said, "This is a good example of how two global companies can combine their research strengths to enable an innovative solution that provides better service to the consumer and lower total cost of ownership to the banks."
Kiyokazu Hanatani, group president of Fujitsu's Ubiquitous Systems Group, said, "Fujitsu's long experience and accumulated technology in bill recycling together with NCR's considerable global product development strengths are a winning combination for ATM customers. We're very pleased with this initial achievement of our strategic alliance, and we look forward to developing further innovative ATM solutions going forward."
Fujitsu is a leading provider of customer-focused IT and communications solutions for the global marketplace. Pace-setting technologies, highly reliable computing and telecommunications platforms, and a worldwide corps of systems and services experts uniquely position Fujitsu to deliver comprehensive solutions that open up infinite possibilities for its customers' success. Headquartered in Tokyo, Fujitsu Limited (TSE:6702) reported consolidated revenues of 4.6 trillion yen (US$38 billion) for the fiscal year ended March 31, 2003. For more information, please see : http://www.fujitsu.com/.
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® data warehouses and IT services provide Relationship TechnologyTM solutions that maximize the value of customer interactions and help organizations create a stronger competitive position. Based in Dayton, Ohio, NCR www.ncr.com/ employs approximately 29,000 people worldwide.
NCR and Teradata are trademarks or registered trademarks of NCR Corporation in the United States and other countries.
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