7-Eleven Signs Deal With NCR
Expands financial services initiative, 24-hour check-cashing program
DAYTON, Ohio -- 7-Eleven Inc. has signed a five-year agreement with NCR Corp. to more than double its advanced-function financial services kiosk program and replace other in-store automated teller machines (ATMs) at various 7-Eleven locations throughout the United States.
The value of this agreement has not been disclosed; however; it also includes hardware and software maintenance services and incident management. Rollout will begin this month.
Additionally, NCR will service the majority of 7Eleven stores existing base of non-NCR [image-nocss] ATMs. A dedicated Service Management Office will monitor service delivery performance on an ongoing basis. The 7-Eleven units use NCR's Personas M Series ATMs and APTRA software platform for enhanced Windows-based functionality.
7-Eleven's existing network of 1,050 advanced-function financial kiosks is a major example of check-imaging technology in use in the ATM marketplace today. NCR manufactured the prototype, which was first introduced in Austin in 1998. Based on NCR's Personas M Series, the kiosks offer more functionality than an ATM unit. Its product line includes check cashing, Western Union money orders and transfers, bill payment and Verizon long-distance services. The goal in offering these services is to provide banked, unbanked and underbanked customers with easy-to-use, self-service options in convenient 7-Eleven locations.
Rick Updyke, vice president of business development for Dallas-based 7-Eleven, said, Our network offers financial access and convenience to the mass consumer market, not just to the population who have bank accounts and ATM cards. We've proven the acceptance of these services in more than 1,000 7-Eleven stores across the United States. In addition, we are currently using Check 21 capabilities to electronically deposit checks several times a day and are positioned to accept consumer bank deposits. NCR and 7-Eleven have come a long way together, and we look forward to expanding our program with NCR.
Dayton, Ohio-based NCR is a major global technology company that offers Teradata data warehouses and ATMs, retail systems and IT services.