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Seacoast Bank strikes deal with NCR for ATM-as-a-Service solution | Fintech InShorts: Latest fintech news, analysis by experts
Monday, December 23, 2024

Seacoast Bank strikes deal with NCR for ATM-as-a-Service solution

Florida-headquartered Seacoast Bank has partnered with NCR Corporation to use their ATM-as-a-Service (ATMaaS) solution, allowing the bank to outsource ATM management, reduce capital expenditure, and improve customer service through broader ATM access.

Facts

  • Seacoast Bank has chosen NCR’s ATMaaS solution to externalize ATM management and maintenance.
  • By adopting this solution, Seacoast Bank can reduce capital expenditure and enhance efficiencies, leading to improved customer service in the self-service channel.
  • Seacoast Bank has joined NCR’s Allpoint Network, providing its customers access to 40,000 surcharge-free ATMs across the US.
  • Access to ATMs becomes particularly important during active hurricane seasons, making the partnership vital for customers.
  • By affiliating with the Allpoint Network, Seacoast Bank gains the ability to compete with larger regional and national bank brands beyond Florida.
  • Stuart Mackinnon, EVP of NCR Banking, emphasizes the continued importance of ATMs as a touchpoint for customer service and success.
  • NCR Corporation also made a similar arrangement with UnionBank, the ninth-largest bank in the Philippines, which adopted its ATMaaS solution.
  • NCR’s ATM business will be called NCR Atleos as part of its division of ATM and digital commerce businesses.

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