Two global leaders in payments technology sign strategic commercial agreement

First Data, a global leader in commerce-enabling technology and solutions, and NCR Corporation, the global 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.”, according to a press release. The two industry leaders will also pursue co-development of integrated commerce technology solutions for U.S. merchant clients.

“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.”, said Bill Nuti, Chairman and CEO, NCR Corporation.

“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, First Data. ”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 convenience store sectors. First Data will become a preferred partner of NCR and its value-added resellers in the U.S.

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 solution.

First Data’s TransArmor solution provides powerful 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.

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.

Every second, more than 6,000 transactions around the world are being run through NCR hardware and software. NCR is the global leader in ATM technology and more than $1.134 trillion in cash moves through NCR ATMs each year.
The financial terms of the deal were not disclosed.