Multivendor software took its next step toward universal availability to U.S. financial institutions today with Vantiv’s (NYSE: VNTV) certification of NCR Corporation’s multivendor ATM software on its network. NCR (NYSE: NCR) is the worldwide leader in multivendor ATM software.
Vantiv is a leading provider of payment processing services and related technology solutions for merchants and financial institutions of all sizes and is based in Cincinnati, Ohio. Vantiv’s network drives more than 12,000 ATMs for financial institutions across the U.S., many of whom operate mixed-vendor fleets comprised of ATMs from NCR and other manufacturers. While Vantiv has supported NCR APTRA Edge software for several years, certification of APTRA Edge for multivendor environments will help financial institutions of all sizes reap the benefits of a single software platform.
“Momentum for multivendor ATM software has been building for several years, and network support is critical to ongoing growth,” said Nicole Sturgill, CEB TowerGroup research director. “As more banks adopt multivendor environments to improve the customer experience and create operating efficiencies, we expect more networks to support multivendor ATM software.”
Consolidating on a single software application enables financial institutions to project a consistent and rich consumer experience across their self-service networks. In addition, a multivendor environment helps financial institutions streamline their development and support operations by not having to maintain and enhance multiple, separate delivery infrastructures for each new function or service that they offer. The country’s largest financial institutions have enjoyed the benefits of multivendor ATM software for years. However, according to NCR estimates, only one percent of U.S. financial institutions with less than $50 billion in assets have installed multivendor software applications. Vantiv’s customers now will be able to take advantage of this growing trend.“Vantiv, through its single integrated processing platform provides its partners with industry leading innovative solutions. We are pleased that we can offer the capabilities and robustness of APTRA Edge as part of our suite of ATM solutions to our valued customers who deploy non-NCR ATMs,” said Chuck Gidaro, vice president, ATM Channel Management at Vantiv. “As a leading ATM network processor, this enables financial institutions with split ATM hardware the ability to run one version of software on all of their ATMs, while maintaining continuity within their fleet of hardware. Features, functionality, training, and enhanced offerings can all be deployed without the worry about doing it multiple times for the different versions of software.”
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts