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NCR CORPORATION

(NCR)
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NCR : Redstone Federal Credit Union Expands Partnership with NCR Corporation to Enhance Business Banking

03/10/2021 | 08:03am EDT

NCR Corporation (NYSE: NCR), a global enterprise technology provider for the financial industry, today announced that $6.2 billion-asset Redstone Federal Credit Union has selected NCR to provide a more seamless, comprehensive business banking experience for its members.

Redstone FCU successfully leveraged the NCR DI platform for consumers for years, delivering a digital banking experience that has consistently yielded strong adoption rates and top App Store ratings. The credit union sought to provide an equally robust and intuitive experience to businesses, and ultimately selected NCR for business banking because of its modern look and feel and efficiencies of operating a single platform.

“We have seen an uptick in online transactions and activity from business members since the pandemic’s onset, and we only expect this trend to accelerate,” said Terri Bentley, senior vice president and chief information officer, Redstone FCU. “With NCR, we are gaining a business banking platform that is simple, convenient and secure. We have enjoyed a strong, longstanding partnership with NCR, and we expect their business banking platform to help us deliver the tools and services that business members need to better and more easily manage their finances.”

Redstone FCU also partnered with NCR for Interactive Teller Machines (ITMs) for several years and recently increased the number in their network. The credit union will have more than 130 ITMs running by the end of the year, enabling members to access traditional branch-based services via self-service, video banking technology.

“Leveraging business and consumer banking on a single platform creates efficiencies for the institution as well as consistency and convenience for members,” said Douglas Brown, senior vice president and general manager, Digital Banking, NCR Corporation. “We look forward to transforming Redstone FCU’s business banking experience, an area that will become increasingly critical for their members in 2021 and beyond.”

About NCR Corporation
NCR Corporation (NYSE: NCR) is a leading software- and services-led enterprise provider in the financial, retail and hospitality industries. NCR is headquartered in Atlanta, Ga., with 36,000 employees globally. NCR is a trademark of NCR Corporation in the United States and other countries.

Web site: www.ncr.com
Twitter: @NCRCorporation
Facebook: www.facebook.com/ncrcorp
LinkedIn: www.linkedin.com/company/ncr-corporation
YouTube: www.youtube.com/user/ncrcorporation


ę Business Wire 2021
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Financials (USD)
Sales 2021 6 661 M - -
Net income 2021 - - -
Net Debt 2021 2 873 M - -
P/E ratio 2021 -
Yield 2021 -
Capitalization 5 832 M 5 832 M -
EV / Sales 2021 1,31x
EV / Sales 2022 1,19x
Nbr of Employees 36 000
Free-Float 96,4%
Chart NCR CORPORATION
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Technical analysis trends NCR CORPORATION
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Income Statement Evolution
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Mean consensus BUY
Number of Analysts 8
Last Close Price 44,55 $
Average target price 52,63 $
Spread / Average Target 18,1%
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Managers and Directors
Michael Dale Hayford President, Chief Executive Officer & Director
Timothy Charles Oliver Chief Financial Officer & Executive Vice President
Frank R. Martire Executive Chairman
William T. VanCuren Chief Information Officer & Senior Vice President
Tim Vanderham Chief Technology Officer & Senior Vice President
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