US Company Bags Largest ATM Order From SBI For Over 7,000 Machines
The new SelfServ 22e ATMs are embedded with skimming protection solutions that will help thwart card data breach and notify attacks in real-time
US-based ATM manufacturer NCR Corporation has bagged a Rs 334-crore order from SBI to install over 7,000 cash-vending machines, making this the single largest order in the country.
NCR is the largest player in the domestic ATM market with over 1 lakh cash-vending machines running.
Its new ATMs are equipped with the latest anti-fraud security solutions.
"State Bank has awarded NCR with the single largest order of ATMs in the country. The agreement, valued at around Rs 334 crore, has to be executed over the next seven years, and NCR will deploy 7,070 cash-vending machines, software solutions and provide services support," NCR India Managing Director Navroze Dastur told PTI.
SBI Deputy Managing Director and Chief Information Officer Mrutyunjay Mahapatra said, "We are pleased to be associated with market leaders like NCR. This partnership continues to strengthen our ATM channel network of over 57,000 ATMs, of which, NCR has almost half the base supporting more than 4,500 locations."
Dastur said the new SelfServ 22e ATMs are embedded with its proprietary skimming protection solutions which will help thwart card data breach and notify attacks in real-time.
He noted that this is important as ATMs have of late become a global target for fraudsters.
Last month, leading banks like SBI, ICICI, HDFC Bank, Axis Bank and Yes Bank, from whose vendor's end data was compromised, had to collectively reissue over 3.2 million debit cards. SBI alone had to reissue over 6.2 lakh debit cards.
The locally-made SelfServ 22e ATMs are designed to handle high transaction volumes and its compact design makes it easier to be deployed in rural areas, the company said.
The Duluth, Georgia-based NCR, a global leader in omni-channel solutions, enables over 550 million transactions daily across retail, financial, travel, hospitality, telecom and technology, and small business in 180 countries.
Top themes and market attention on: