DULUTH, Ga. & NEW YORK -- First Data, a leader in commerce-enabling technology and solutions, and NCR Corp., a leader in consumer transaction technologies, have entered into a strategic commercial agreement. First Data will be a preferred provider of cybersecurity and payment processing solutions to NCR’s customers in the grocery, petroleum and convenience-store industries. NCR will be a preferred provider of ATM hardware and services to First Data’s client base of more than 4,000 financial institutions.
The two companies will also develop integrated commerce technology solutions for U.S. merchant clients.
“As respective leaders in payments and consumer transaction technologies across multiple industries, First Data and NCR are uniquely positioned to add customer value through a holistic consumer experience from the initiation of a transaction to its completion,” said Bill Nuti, chairman and CEO of NCR, Duluth, Ga. “We believe this new relationship will help drive revenue growth, reduce costs and improve security for our customers. As payment security continues to drive decision-making among CIOs and CTOs, NCR and First Data’s unique payment security software will create a winning combination for retailers.”
“We are focused on partnering with NCR to bring integrated technology solutions, including payment acceptance, security, business intelligence, and digital gift card software, to clients in the petroleum, grocery and convenience store industries,” said Guy Chiarello, president of First Data, New York. ”Merchants around the world are concerned with cybersecurity and data protection, and our collaboration with NCR enables us to offer best-in-class security to a broad range of businesses through our TransArmor solution.
The strategic partnership will encompass payment card acceptance and technology solutions for clients in the grocery, petroleum and c-store sectors. First Data will become a preferred partner of NCR and its value-added resellers in the United States.
First Data and NCR will also collaborate to develop a payments security infrastructure that includes First Data’s TransArmor Data Protection integrated with NCR Epsilon and Connected Payments Gateway, which provides a secure routing technology delivered as a software-as-a-service (SaaS) solution. First Data’s TransArmor solution provides payment card security that combines encryption with random-number tokenization technology. With TransArmor, payment card data is protected at every transaction stage, reducing the risk of data breach as well as the scope and costs of PCI compliance.
In addition, the companies will jointly explore opportunities to package their respective payment solutions and value-added services to deliver unique capabilities to their clients.
Under the agreement, as a preferred provider, First Data will offer NCR’s industry-leading ATM hardware and services to First Data's client base of more than 4,000 financial institutions. The agreement includes an enterprise license for NCR CxBanking software--such as APTRA applications and NCR Kalpana--allowing First Data to deliver highly accessible and differentiated consumer experiences.
The companies did not disclose the financial terms of the deal.
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